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Trading The Stock Market

Stock market commentary, analysis, insight and opinion of the RightLine Editors is available every Tuesday/Thursday evening & Saturday afternoon. The following is excerpted from the:

January 19, 2017 - The RightLine Report

Notes From The Editor

Thomas Sutton, EditorWriter Sydney Harris says, "An idealist believes the short run doesn't count. A cynic believes the long run doesn't matter. A realist believes that what is done or left undone in the short run determines the long run."

Mr. Harris must have spent some time observing the stock market, for his statement just about sums up the different personality types on Wall Street. Hope springs eternal and so does cynicism, yet there doesn't seem to be an over-supply of realism.

Most investors I've met prefer wishful thinking to reality, and I know quite a few traders who appear to be motivated mainly by skepticism. But realistic market players are a unique group, and undoubtedly the most successful.

Success in the stock market calls for more than just good trading tactics - it requires a winning attitude. This isn't the same thing as blind optimism or overzealous cheerleading. Winners consistently approach the market with realistic expectations. Once adopted, this attitude instills confidence in your trading abilities. You know that the market can deliver windfall profits, but you don't let excessive exhuberance keep you from carefully controlling risk.

You also know that "losing" is a regular aspect of trading the markets, yet you don't let fear and anxiety dominate your feelings. You successfully leverage your trades when you are convinced there is sufficient evidence to do it.

At the heart of your winning attitude is awareness. Not just of the stock market and how it operates, but awareness that courage is a choice you can always make, no matter how challenged you may feel at the moment.

Trading successfully isn't rocket science, though it does take commitment. Just as you would review your trades and learn from them, take the time to review your attitudes, and adjust them to reflect a realistic winning attitude.

Attitude management is an acquired skill, just like every other aspect of trading and investing. And remember, a wish seldom changes anything, but a decision changes everything. I've found that when I decide I want to do something, I usually do it.

Trade well!

~ Thomas Sutton, Editor

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