And who doesn't want to win when playing the market?
I know I do.
But hitching a ride on the bandwagon in hopes of reaching the finish line might just be what's holding you back.
Because we live in the day in the age of tech there is an endless stream of data at our beck and call.
When a stock is hot that's all we hear and see when we tune into the news or scroll Reddit.
…. Don't get me twisted.
There are times when these stocks are talked about for a damn good reason, and that reason is money.
But more often than not it's all buzz and it needs to be your job to detect this hype.
Let me give you an example that pops up with many IPOs.
Loads of traders get excited.
Making others want in on the sexy action everyone is talking about.
The bandwagon effect has got them ready to dive in on the unknown on the very first day. The effect causes them to miss everything else.
Many of these traders don't know jack about the company. They heard the symbols on the tip of everyone's tongue and jotted it down on their To-Do List too.
Besides being ill-informed they also are missing another key bit of info.
Day 1 isn't always the best day to get in on an IPO…. Sometimes the best time isn't even the first week it's at play.
…. But try and tell that to someone riding high on the bandwagon effect.
Bet you'd have better luck converting your favorite meat lover to veganism.
Ready to outsmart the bandwagon?
My secret is tuning out all the chatter.
I make sure my trades are based on research. Hunting down what I believe to be the best opportunities. Tracking down my favorite patterns.
And I'm constantly on the lookout for fresh prospects to make sure I'm not stagnant when the next wave of volatility comes.
Next comes my pride and joy. ── My trading strategies.
Or as I like to call them my One Trade Once Daily Blueprint: How to Close Gains of 49%, 64%, and 91% in as Little As 1 Day
Tidak ada komentar:
Posting Komentar