Stock Are for Trading - Don't Make It Personal - Voice of the People

By
A A A

Zacks highlights commentary from People and Picks Member «inthemoneystocks».

For more Voice of the People, visit http://at.zacks.com/?id=7872

Featured Post

Stocks Are For Trading, Do Not Make It Personal


One of the fatal flaws that many traders make is to take stock trading personally. Often, most traders and investors will trade a particular stock several times and become comfortable with the equity, which is fine, however, the problem that many traders and investor make is that when they lose on a trade in the stock they feel that they must get even or find the need to seek revenge on the equity.

Over the years in this business I have seen countless amounts of traders tell me that they have to get even with that stock that they lost money on. I will often ask the trader if the CEO, or the CFO of the company knows them or did something personally to them? Obviously, they will answer no and say that they lost money in the stock and need to get it back.

Well, I have news for you, the stock does not care if you make money or lose money in a trade. The stock market does not care about the color of your skin, your religion, or anything else about you. What the stock market will do is happily take your money if you do not know what you are doing.

These days I still see traders getting personal with former leading stocks such as Netflix Inc ( NFLX ), Green Mountain Coffee Roasters Inc (NASDAQ: GMCR ), and Best Buy Inc ( BBY ) just to name a few. Stocks are for trading and really nothing more. Every stock has its cycle where it will be a fan favorite or market darling.

Later on down the road there will be a new stock on the block that becomes a leader and a market darling. Sooner or later, if will run its course and fall out of favor. That is how the stock market works. So the next time you lose money on an Apple Inc ( AAPL ) trade and want revenge on the stock remember it's not personal.

Nicholas Santaigo

InTheMoneyStocks.com

 

About the Zacks Community

In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=7870

Follow us on Twitter: http://www.twitter.com/PeopleAndPicks

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=7867 .


 
BEST BUY ( BBY ): Free Stock Analysis Report
 
GREEN MTN COFFE ( GMCR ): Free Stock Analysis Report
 
NETFLIX INC ( NFLX ): Free Stock Analysis Report
 
Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: BBY , GMCR , NFLX

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Living the Life of Pie
Living the Life of Pie              

Stocks

Referenced

Most Active by Volume

76,804,975
  • $63.93 ▲ 0.85%
56,138,918
  • $3.35 ▼ 0.45%
52,878,077
  • $15.69 ▲ 5.66%
50,540,730
  • $64.97 ▲ 3.52%
45,147,565
  • $15.60 ▲ 0.13%
38,745,424
  • $32.89 ▼ 0.72%
37,512,306
  • $26.32 ▼ 0.19%
35,614,433
  • $95.39 ▲ 0.04%
As of 7/9/2014, 04:08 PM