Can you believe we lived through heart pumping 500 points volatility for days! Now that the market place has quietened down a bit, finance news are all agog about whether the US sharemarket has reached bottom — I posted one such article in my Facebook profile and a friend of mine commented whether this is already the bottom of the bottom? Or could this even be a bottomless market? (Used to be excited at the mention of “bottomless” – for iced tea — must train myself to think that this is not the same thing!)
OK back to the question — Well, who knows if this is the bottom? Certainly not me!
However, I’m sure you’ve heard that “where there is a crisis there is an opportunity”… this is an opportunity to review what will make you money whether the market goes up or down:
1. Self-mastery – doing what needs to be done and not doing what needs to be done.
2. Position-sizing – allows you to take advantage of opportunities and still realize your goals.
3. System – trading rules that will help you to evaluate opportunity and capture profits
4. Strategies – the right strategy for the right market type, like implementing simple Options strategies
5. Business plan – overall governing plan for trading that takes care of your physical, Mental, trading systems and financial fitness.
(Please search this site at the meantime, I’ll put the links later! I’m in a rush!)
Check it again because there is nothing that says – a market rally will happen eventually. For that is not guaranteed. But with us, it does not have to. If you can step up and get the knowledge and skills in the above, you could be one of those grinning even when the market dives.
Ready to step up?
Via Uno Shoes
