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Welcome to this newsletter of easy share trading systems.
Volatility and uncertainty in the current economic environment is what troubles most people that want to invest or trade.
Fair enough. It’s a tough market out there for most businesses. Successful businesses have a simple plan to work to, they realise that it’s their best option when uncertainty reigns.
Trading is no different.
The majority of people that read this newsletter will be part time investors or have an interest in trading. You may be wondering how to cope with what’s happening in the markets.
Here are a few tips:
1/ Trade with an amount of money you are comfortable with, don’t let greed take over here, my experience is most people over estimate how much volatility they can really take, so think of a portfolio figure you can handle and then halve it. That halved amount of your initial thought will be more the portfolio amount you can cope with.
2/ Have a way of determining when it’s safer to buy or more prudent to be selling. This comes back to having a method based on probability, if you don’t understand that then perhaps you shouldn’t be trading until you do.
3/ Get some knowledge about trading, probability, and how emotions effect your decisions.
4/ Do not short term trade in a volatile market, unless you are experienced and have a good record, otherwise you will most likely lose.
Some hard reality in those above points for some, but as I said, it’s a tough gig at the moment for most businesses.
Free Seminars and Trading Courses:
I am presenting a free seminar at the Wallsend Diggers club on the 13th of June at 7pm. Come along and learn more for Free.
I am also teaching a one day course in Newcastle on the Saturday 30th of June. The venue is the Kahibah Sports Club Time 9am to 5pm Cost $250
If you want details of both the free seminar and the one day course click on the link below
http://www.easysharetradingsystems.com.au/Trading-Course/
Until next time
Peter.
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