Becoming a Supreme Trader
Channel: Mastermind Traders
Date: 27/06/2017

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Stock Market Options Trading - Wall Street is known to be driven by only two emotions: fear and greed. In reality, there are a million different emotions that drive Wall Street. Fear and greed can have the most profound impact on any investor in the Stock Market Options Trading.

A personal investment strategy is often crafted from and understanding of value investing and growth investing. The influence of fear and greed can easily take hold of the novice investor. Awareness is the key to combating these two emotions.

The excessive desire of high return investments can wreak havoc on the investor. This is greed hard at work. The “Get Rich Quick” mentality comes with pros and cons. While it is great to be very motivated, it can also blind you to make smart money decisions. Stick to the fundamentals of investment strategies, and you can maintain control over greed.

Stock Market Options Trading - The phenomenon that can occur with greed can also happen with fear. The feeling of constant brooding or anticipating danger can overcome an investor at any point of their game. Fear does not consider the experience of the investor. There is nothing wrong with making cautious financial decisions. However, if the act is out of fear, it can be just as costly as greed. Acting out of fear can cause you to withhold on investments that could reap a significant profit. With the amount of knowledgeable resources available to any investor, fear should be kept at a minimum. The best way to fight fear is with fact-based knowledge. Much like a get-rich-quick scheme, lack of action out of fear can be just as costly.

The final decision is solely up to you. You are responsible for any financial gains or losses. When these two emotions get out of control, it is time to do a self-check. Arm yourself with knowledge. With knowledge you will find the comfort to make the best and most profitable decisions in Stock Market Options Trading

Have you ever planned for a major purchase or important trip, and worked diligently to save money for Stock Market Options Trading?

Once you achieved your goal, did you make the purchase or did you hesitate?  If you are like many financially conscious people, you may have hesitated on the purchase even though you had more than enough to make it happen.  This may feel like a fear of spending money has manifested.  In reality, this is a fear of being able to withstand difficult times, with or without money.  Maybe you have achieved financial security, but you haven’t been able to develop the courage to spend your hard earned cash.  Your money should be used as a tool, not your financial security blanket in Stock Market Options Trading.

Read on for a 5 step plan to practice courageous smart spending:

Identify the opportunity to be grateful for your purchases or expenditures.  Gratitude is one of the keys in this process.  Even monthly expenses like your electric bill, find the opportunity to express some gratitude for the service.

Stop the resentment of the purchases.  Determine why you feel resentment over purchases.  What kind of purchase is it?  Was it a recurring membership that you have only used once?  How can you turn it around, and appreciate the experience?  If you can’t cancel or return it, then how can you make the best of the situation?

Do you have negative feelings about money?  If so, you need to determine why you have negative feelings.  Do you have concerns about money that you have carried with you from your past?  The present is here, and it is time to let it go.

Determine 5 positive feelings you have about money.  Write these positive thoughts down, and check them out daily.  This is a process of affirming your positive beliefs associated with money. Stock Market Options Trading 

Mastermind Traders is a stock and options trading education company.  Neither Mastermind Traders or any of it's personnel are licensed brokers or financial advisors and are unable to provide any trading or financial advice.  Any information presented here is for education and educational purposes only, nor is Mastermind Traders purposefully giving any trading or investment advice.  If any listener makes any investment or trading decision based on the information presented in this video it is the choice of that individual and the responsibility of that individual of any resulting outcome.