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  • The Mindset For Succes In Today'S Market 0 comments
    Feb 22, 2012 11:56 AM | about stocks: CTRX
    In today's market, it's more important that ever to have a mindset to maintain a sane mental state and stay peaceful, calm, centered and focused.

    Keep in mind with the markets as stretched as they are, we are in a high risk zone for pulling back as we have been in an accelerated uptrend with barely any pullback to speak of which as we all know can not continue forever -- it never does.

    That said the music can stop at a moment's notice. So using that as a backdrop let's look at SXCI.

    SXCI -- SXC Health

    Let's say that issue breaks above the pink line and triggers a long side trade. That's all fine and dandy HOWEVER it's what happens next that we have no control over. At that point it either follows through or it doesn't. WE NOR YOU HAVE ANY CONTROL OVER WHAT IT'S GOING TO DO AFTER IT TRIGGERS -- That's reality.

    So then let's add in the backdrop of the current technical climate of the music can stop at any time and in the form of a gap. If that happens? Odds would favor this issue rolls right over with it and you get stopped out. Knowing this in advance and accepting it are you willing to take that risk? If you are? Take the trade and use trade size risk management. If you are not willing to take the risk? Don't take the trade as a lot of life's a choice and in this instance YOU get to choose.

    If you do get stopped out and lose money? First off don't complain because that's what losers do. It's still a successful trade. How can losing money be a successful trade you ask? Simple you stuck to your discipline because after all the market is a three way street. Up Down and Sideways and you never know how long it's going to continue.

    Given the current market climate, this is the backdrop and mindset that you MUST operate in.

    To learn more and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week", like us on Facebook or sign up for our free newsletter

    Stocks: CTRX
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