Hello Bill,
Just about every investor who has survived and prospered trading in the stock market has paid their dues and learned from their mistakes. And yes, there are different ways to make money in the stock market. Some techniques take more time and attention than others. It comes down to the risk/reward decision.
I personally like CCing because I have been able to work it into my limited time frame and still get the results that make it worth the effort. In fact, I view it like my Wall Street money machine that I don't have to physically work at or be a slave to the clock like my regular day job. I let the money make money idea. I only dip into the pot when I need or want some new toy or vacation.
In the beginning, it does take some time to learn the concepts. Once you are comfortable with options, chart reading, and making decisions it's alot easier to balance your life.
Your business brings in income and requires your attention all the times. You use your professional judgement and experience to run your business. Investing in the stock market is practically the same thing. You must treat it like a business. Your current workers are people who work for you. In the market, the companies you invest in are your workers. You view your books on a regular basis to figure out if you are making or losing money. Well, I get an update via my spreadsheet and portofolio which are kept at my brokerage when I access it online. You keep an eye on the trends and slowdowns. I keep an eye on the charts, volume, and relative strength indicators.
In business, you sometimes must work long hours. If your sick, you may go out of business. If you must hire other people, you might cut into your profits. In stocks, if you spread your dollars around more than two industry groups you lower your risk to being hit hard. You don't have to work long hours to get the results. The money makes money and you need money to make money. You can start out with $3,000 and turn it into $6,000 in a year (or less)if you apply yourself, you are at the right place at the right time, and you use the tool correctly. Once you have the process down and can demonstrate an ability to double your money, it is possible for your investments to carry you and generate considerable income.
I hope you find those kinds of answers on this forum.
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Thanks for your comments! |
