The fact is, it's absolutely necessary to have an investing plan; otherwise, you're putting your money at risk with random, unfocused trades. Having a plan means knowing what stocks to buy and WHY you're buying those stocks at the particular time you're buying them; when to buy them and, just as importantly, when to sell them; what to do when a stock trade or investment moves against you; how to read stock charts and price movement; managing your emotions when trading or investing; making sure that you're "hedged" properly so that your potential losses are limited and so you can sleep soundly at night; and other factors. Jumping into the world of trading and investing is a way to lose money if you don't know exactly what you're doing and why you're doing it. What you really need is someone to assist you in formulating an individualized trading/investing plan to suit your particular needs.
Before you choose a trading/investing coach, make sure that this person:
- Actually trades or invests his own money (I've used my own strategies for years and outperformed consistently).
- Is not only knowledgeable in financial matters, but has expertise in teaching (I have a master'sdegree in education -- something that very few of the so-called "trading experts" out there can claim).
- Has helped many other individuals in a situation similar to yours (I am proud to have helped so many people vastly improve their situation and enjoy greater peace of mind).
- Doesn't just give you "hot stock tips/alerts/signals" but instead helps you to learn to trade/invest profitably on your own (I'm not interested in making people dependent on me; I want to help people so that they can become proficient themselves).
- Focuses on limiting risk, instead of only focusing on making quick profits (I put capital preservation at the top of my list of financial priorities).
- Truly cares about his clients and provides excellent customer service (most "hot stock tips" services out there only send you a bunch of stock symbols but don't bother to answer your questions or concerns; on the other hand, I am proud to provide the best possible customer service and I am passionate about the well-being of my clients).
(Disclaimer: For informational purposes only, and not to be construed as financial, trading, or investing advice. Not a licensed or registered financial adviser. Financial results or profits cannot be guaranteed.)
