It's funny how many of these "lists" you come across, but the interesting thing is no matter how many lists you read through...you always pull something useful out of them! I believe this list is no different, but that's just me! Amey from TheWildInvestor.com and creator of SpeakStocks.com, has put together this list and would like to hear your feedback!
This is not like any other ABC list you might have come across about trading stocks. There are no real terms here. The following is the ABC’s of successful stock trading.
A – Action, nothing happens until you DO SOMETHING.
B – Bear trap, don’t get sucked into it.
C – Cash, not making too much when you are holding cash.
D – Due diligence, don’t jump into a position blindly.
E – Early, the best traders make a move before its popular.
F – Fear to lose money, the hardest thing to overcome in trading.
G – Greed, try to make a quick buck, and lose a quick thousand.
H – Humbled, no trader is immune from bad trades.
I – Ignorance, following recommendations blindly puts all the blame on you.
J – Justification, the more you have to convince yourself, the less likely the trade will probably work.
K – Keep discipline, stick to your strategy and have faith it will work.
L – Losses, accept them and move on. Don’t dwindle on the past.
M – Money, what makes the world turn.
N – Never is impossible, in the stock market ANYTHING can happen.
O – Only if I had…, the worst statement a trader can make.
P – Perception, moves the market more than the actual facts.
Q – Quality vs. Quantity, which one works best for your system?
R – Realized Profit, you haven’t made or lost any money until you sell.
S – Strategy, never enter a position until you know the exit plan.
T – Trade Triangle Technology… need I say more?
U – Understatement, everybody succeeds in the stock market.
V – Value, reason traders buy and sell because they think the stock price should be higher or lower.
W – Write downs, something you don’t want to see a company do too often.
X – Xcited (I know, I know), nothing feels better than executing a profitable trade.
Y – Your alone, at the end of the day the only person who cares about your account is you.
Z – Zenith, where we would like to exit your stock position.