Discipline Is The Key To Investing And Trading SuccessGet Learn Investing Secrets on mps-investing.com. Discipline Is The Key To Investing And Trading Success topic will increase your understanding on Learn Investing Secrets. We at mps-investing.com only provide news, articles, information in Learn Investing Secrets. Learn Investing Secrets at mps-investing.com provides the most up to date news and articles. If you have questions please do not hesitate to contact us.
Here's what trading and investing legend, Richard Dennis, has said about making money in the markets... "I always say you could publish rules in a newspaper and no one would follow them. They start tinkering with their rules or abandon them altogether. Have you ever seen one of those mountain charts marketed by the mutual fund companies that show that if you had invested $10,000 in 1950, or whenever, your investment would have grown to $10 million or so by 2005? Article: Here's what trading and investing legend, Richard Dennis, has said regarding making money in the markets... "I constantly say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline." The higher quote is from the book, "Market Wizards" by Jack Schwager. Dennis is a guy who, as a trader, took a measly $400 and grew it into an estimated $200 million dollars in a matter of years -- not decades -- by material disciplined and following his rules. He is such a legend that several other "Market Wizards" interviewed in Schwager's book described Dennis with the comment, "I'm not in his league." There are probably thousands of investment and trading systems that make money. Some make big money. But the truth of the matter is that few of the users of these systems will ever make money. Why? Few people have the discipline to stick with a winning system or strategy. They'll go through an inevitable losing period and get impatient. They start tinkering with their rules or heedlessness them altogether. Have you ever seen one of those mountain charts marketed by the mutual fund companies that show that if you had invested $10,000 in 1950, or whenever, your investment would have grown to $10 million or so by 2005? I'll bet you don't know one person who ever did that. And it's not in that it's not true. It's the binding truth. It's not hype. That's what the investment would have done. But that's not what the investor would have done. The typical investor would have bailed out within a couple of years as soon as the market took a downturn or as soon as the money was needed to buy a boat or some other toy. Or the typical investor might have kept switching into whatever the "hot" investment was as any given time, day after day consumerism at the peak price. As Dennis says, the key is consistency and discipline. So don't spend time looking for the Holy Grail of investments or trading systems. It doesn't exist. The Holy Grail is within you. It's not the investment that's going to determine success or failure. It's the discipline of the investor. Robert G. Allens Challenge. - 1 New York Times Bestselling Author Needs Your Success Story. The MasterTrader eBook. - Your complete guide to active trading/day trading. Learn proven strategies and make money consistently! Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |
More Articles:1. Did Warren Buffett Buy BUD? By Charlie Tian Summary: We contacted Anheuser-Busch to confirm its news, this is the answer we got from Anheuser-Busch's investor relations:"Anheuser-Busch does not have any additional information to report beyond our press release on April 21st, which is posted on our corporate Web site.While Anheuser-Busch has no comment on the securities filings made by Berkshire Hathaway, Anheuser-Busch understands that under some circumstances investment managers are permi… 2. Emotion In Investing By Hari Wibowo Summary: Investors might feel better towards stocks at certain point or they might feel that owning stocks are risky and avoid it at all cost.Investors may also feel attached towards a specific company and continue owning the stock without regards to its fundamental. In the long run, if company A earns more than company B, then company A will be valued more than company B.For a company that is growing such as Google, you can incorporate its growt… 3. Out-Of-State Investor's Check List of Questions By Neda Dabestani-Ryba Summary: The following lists of questions are suggested questions to ask before you plan to purchase residential real estate outside of your neighborhood.It's probably best to speak with at least three licensed real estate sales professionals and three property managers in the area. During each interview, you'll want to learn as much as you can about that area's real estate sales market and rental market. At the same time, you'll want to ask the… 4. Use of a Franchise Business as a Family Tax Planning Strategy By Lance Winslow Summary: Programs they wish to develop can range from the simple gift to complex estate restructuring.How can you help your children start a business that does not have extreme start-up costs, extensive asset liability and has a greater chance of being profitable?What type of business could you establish, nurture and grow, that has a greater chance of being successful, increase in value over the years and is easily divisible among children with … |