Along For the Ride, Just Like a Flea on a Dog’s Back.

 
In the share market I do not mind hitching a ride with strangers because I understand that I am not a partner in that business or company.

Thinking you are a “Partner” just because you own some shares in the company is one of the most “FATAL”  beliefs in the market.

 Accept who you are and the role you play and that “Like that flea on the dog” you are just along for the ride.

This is not a time based strategy; it can be for one day, one week or a month or even longer. It all depends on the length of the ride and the trend of the stock as long as it is heading upwards and that’s the way you want to go.

 As soon as the trend finishes or changes direction (goes downwards or sideways) then it is time to jump off.

 You then wait till the trend restarts upwards or you can look for another ride elsewhere.

 The only thing YOU have control of when you buy a stock is your “Entry point and your Exit point.”

 I hate to say it, but you have no control over anything else not even the time. Of course if you want to make a profit your timing has to be spot on but then again that is the exit point.

 You alone are the only person that can turn a small loss into a bigger one.

 A Bit of Homespun Philosophy

.
Everyone has the same access to information that we do or earlier. But it is the same information none the less. Except for insider information.

 Share Price behaviour reflects around EMOTION. Today’s price is a continuation of yesterday’s crowd emotion.

 Future share price behaviour is best analysed as a probability factor.

 Risk is directly related to price and is manageable.

Strudy is a keen successful share trader on the Australian Stock Market. Visit his weblogs for more free articles and useful information at both http://www.asxnewbie.com and http://www.aussiewealthreview.com