Wednesday, January 6th, 2010
Yesterday while reading the naked trader I learnt a lesson that I’m sure will save my portfolio in the years to come.
That’s to learn to love selling shares at a loss. Yes that’s right you heard me right love to sell them at a loss. Stocks tend to move in patterns and trends and if you catch a stock at the wrong time you could be caught in the down trend. Cashing in your loss will allow you to keep your capital and move on quickly and not have to worry about watching it hit the bottom.
Luckily my commodities portfolio has not been too badly hit this year. Most positions are positive withe the exception of agriculture. I was stubborn with agriculture and have been holding my nerve to see it ride out the dip and slowly make its way back to where I started. Cutting my losses would have allowed me to keep the money, save all the headache and invest elsewhere. After all even the professionals make bad judgement and its important to know when to walk away.
So a simple lesson but one that many of us need a simple reminder.
Hmmm other thoughts are what Tesco are now launching the iphone on there mobile network, I wonder if this will have a mid term impact on the stock? Food for thought..
Posted in Stock Market | No Comments »
Friday, January 1st, 2010
Hello world is usualy a traditional first post so it seams like a great place to start! For many years I have toyed with the idea of creating a blog because I have felt that I have some value to add to the world of personal development. Many times I have created a blog project and dropped it a few weeks later after realising the commitment it takes to get a successful blog off the ground. Although again I pick up the pen and begin the venture to create a great resource containing unique and interesting content at a very busy point in my life. The reason I choose to start a blog at a very busy point in my life because I want to prove that personal effectiveness can be realistic and achievable in everybody’s life’s – truly if I can achieve it then so can you.
This site will help you make a conscious decision to become more personally effective in different areas of your life. No matter what your situation I feel everybody has something to gain from being more effective. This site wont teach you to be perfect, but it will support you to strive towards a higher point than you may currently be placed.
So join me on the journey and I promise you will reap all the buy products that being effective has to offer.
Lets begin….
Posted in General | No Comments »
