Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Planning Your Dive and Diving Your Plan ? Trading! > NetSparsh - Viral Content you Love & Share

Planning Your Dive and Diving Your Plan ? Trading!

A colleague of mine just returned from a scuba diving trip in Cozumel, which just happens to be one of my favorite places to dive. Anyway, she was telling me about an unexpected difficulty she encountered while swimming around the corral reef down about 85 feet. It wasn't anything serious but her story reminded me of something my scuba instructor used to say over and over again. "Plan your dive, and dive your plan".

When you're down about 90 or 100 feet the nitrogen acts on your body in a way that's not too dissimilar to having one dry martini on an empty stomach. It's called Nitrogen Narcosis, Rapture of the Depths, or Martini's Law. So the thing to do is get your planning done while you have a clear head, (i.e. on the surface). And then when you're deep into it, and you're feeling a bit euphoric, or nervous, you don't have to make any decisions about 'what' to do. You just follow your plan.

This holds true for trading as well. When you're feeling the euphoria or nervousness set in, remember to follow your plan. And, uhm yeah,, also have a plan to follow. Clear heads will prevail.

Years ago I had the good fortune of talking with a trading guru for several hours. This individual is world renowned for his trading saavy and skill. What he elaborated in that conversation had a tremendous impact on me. HE said that when he learned how to trade that his family enforced only one rule that he had to follow. KNOW WHERE YOU ARE GOING TO GET OUT BEFORE YOU GET IN. He felt that the problem that most traders had was that they felt that this simplicity did not apply to them. I remember sitting and speaking with him and thinking about my own mistakes, primarily letting hope take over in my decision making.

Many traders think that crying "UNCLE" on a trade and taking a loss is unacceptable. Since that conversation I have taken numerous losses on trades but it's funny how they don't have the STING that they used to because I PLAN MY DIVE and DIVED MY PLAN.

This is really simple and incredibly workable. Apply it to your own trading and investing.

-Downjonesfully,

Harald Anderson
http://www.eOptionsTrader.com

Harald Anderson is the founder and Chief Analyst of eOptionsTrader.com a leading online resource of Options Trading Information. He writes regularly for financial publications on Risk Management and Trading Strategies. His goal in life is to become the kind of person that his dog already thinks he is. http://www.eOptionsTrader.com.

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Kiplinger's Personal Finance

25 Blue-Chip Stocks That Mutual Fund Managers Love Most
Kiplinger's Personal Finance
Using data from Morningstar Direct, we were able to discover which blue-chip stocks are most widely held by the biggest actively managed U.S. mutual funds. In other words, these are the 25 most popular stock picks among professional portfolio managers.


TheStreet.com

GE Headed to $9.99 a Share?
TheStreet.com
Overnight, shares of General Electric fell from the stock's closing price of $12.95 (-55% over twelve months) to $12.54 (-2.2%). Walgreens (WBA) ... Less than $30 billion worth of mutual funds and ETFs even bother to track the Dow Industrials. The ...
What GE's stock being replaced by Walgreens in the Dow Jones Industrial Average may meanMarketWatch

all 825 news articles »

Investor's Business Daily

How To Find Good Growth Stocks: A Mutual Fund Pro's Emotion-Free Approach
Investor's Business Daily
"Avoiding behavioral risk" is more than a Wall Street slogan to Vladimir "Val" de Vassal. It is a tactic he has raised to an art form as he aims to remove subjectivity from his hunt for top-performing growth stocks for two Glenmede mutual funds of ...


Seeking Alpha

How To Find The Best Style Mutual Funds: Q2 2018
Seeking Alpha
Performance of a mutual funds holdings is equal to the performance of a mutual fund. Our coverage of mutual funds leverages the diligence we do on each stock by rating mutual funds based on the aggregated ratings of their holdings. This idea was ...


Investor's Business Daily

Amazon Who? Top Fund Managers Go Shopping For These Retail Stocks
Investor's Business Daily
Kohl's saw 16 of the best mutual funds scoop up an estimated $40.4 million worth of shares from March to May. Kohl's initially cleared a 67.10 double-bottom buy point on May 29. But the Wisconsin-based retail stock really blasted higher on June 4.


Investor's Business Daily

Breakout Watch: 97 Top-Rated Funds Own This No. 1-Ranked Stock
Investor's Business Daily
When looking for the best stocks to watch, start by seeing what the best mutual funds are buying. And right now, leading portfolio managers are pumping funds into leading car stock Ferrari (RACE). While Ferrari didn't make IBD's latest list of new buys ...


Recode

Tech companies are taking out record amounts of convertible debt. Here's why.
Recode
These let companies raise cash at lower interest rates without immediately issuing stock and diluting their shareholders. And they let the lenders — institutional investors like mutual funds or asset managers — choose to get paid back in cash or ...


Quartz

How a major stock exchange is using Telegram to help sell mutual funds
Quartz
On Monday (June 11), mutual funds (MF) worth nearly a million dollars were bought on BSE StAR MF. A dedicated distribution platform for MFs at India's oldest stock exchange, it has seen its total turnover grow at a compounded rate of 114% in the last ...


The smart money is ready to pounce on distressed debt, but investors must beware the risk of 'total wipeout'
MarketWatch
When forced selling sets in as bond mutual funds and others that have to meet redemptions by nervous retail investors, while buyers simply evaporate, incredible deals can be made,” he explained. “But the risk of total wipeout is large. Many distressed ...

and more »

Investorplace.com

3 Large-Cap Value Mutual Funds for Good Returns
Investorplace.com
Large-cap funds are better than small or mid-cap funds for risk-averse investors. These funds have exposure to large-cap stocks, with a long-term performance history and more stability than what mid or small-caps offer. Companies with market ...

Google News

The I Word is Coming to a Town Near You

Hello Inflation, it has been awhile, I see you on... Read More

VIX

No, this is not a symbol for some Latin number.... Read More

12 Basic Stock Investing Rules Every Successful Investor Should Follow

There are many important things you need to know to... Read More

Pension Plans

If you have a pension plan at work you will... Read More

The Importance of Using Stop Loss Orders When Spread Trading the Financial Markets

A Guide to Using Stop Loss Orders Stop losses are... Read More

The Problem With Hedge Funds

Are hedge funds a suitable investment for you? Hedge funds... Read More

A Stock Market Investment Strategy

I feel that an investment strategy in the stock market... Read More

Maximizing a Stock Market Investment

Maximizing a stock market investmentThere are several factors an investor... Read More

What is Involved in Peak Performance Trading?

There is so much involved in developing peak performance, that... Read More

Never Fall In Love!

Recently I watched my favorite football team lose a vital... Read More

Stocks Options Trading

Let's assume that you want to make some serious money... Read More

Valuation

Every day I hear from the "experts" on CNBC-TV and... Read More

Why Investors Use Financial Planners

Do you have a financial planner? Does one of your... Read More

Its Snowing

The Winter Games for the Olympics are coming up soon... Read More

Overseas Investing: Going Against the Mainstream

TOO OFTEN, INVESTORS SIMPLY CHOOSE TO follow the crowd. This... Read More

Quality Investment Information: Standing Firm In the Face of Opposition

THERE'S SOMETHING TO BE SAID FOR standing firm in the... Read More

Its A Duck

If it walks like a duck, quacks like a duck... Read More

Bollinger Bands Strategies

The Bollinger Band theory is designed to depict the volatility... Read More

Analyst Reports

When you become interested in a stock or mutual fund... Read More

The Three Little Pigs Went to the Stock Market

Three little pigs went to the market to stock up... Read More

A Common Misconception about Stock Prices

I cringe every time I hear a novice investor tell... Read More

Staying Sane While Wall Street Crashes

Everybody is riding the Wall Street Roller coaster. Even if... Read More

How To Buy And Hold

One of the most believed bits of conventional wisdom from... Read More

One Way Street

Ever turn down a street, get half way and suddenly... Read More

Traders, Defend Against the Dreaded Death Spiral.

It has often been said that there is only two... Read More