The Search For Overnight Riches

Many novice market timers (traders and investors) have difficulty facing a cold, hard fact about the stock market: You can't get rich overnight.

Experienced timers know this. They expect to make big profits in the long run, but they focus on making as many reasonable profitable trades as possible. They do not focus on a single, life-changing trade.

Many timers also realize this, but it is hard to accept. And some are initially drawn to market timing with the hopes of making big profits... Quickly!

Money that can be used to finance a luxurious, exciting lifestyle.

Or money that can be used to show family and friends that one is deserving of envy or respect.

However it is dangerous to approach trading in the financial markets from this perspective. It directly contradicts the fact that it's going to take some time before one makes enough money to support a new lifestyle or to impress others.

What's Wrong With Dreaming?

What's the harm in dreaming of making big riches? Nothing, as long as you realize that "quick riches" is just a fantasy. If you don't, you may want to act on it.

"It's vital to your very survival, when trading the financial markets, that you keep the proper perspective."

If you dream about how big wins can change your life, you may start to want to make extremely huge profits...fast.

If that happens, you may be tempted to start taking measures to make those big wins, by ignoring tested timing strategies which provide long term profits, plus risk management to safeguard your capital

Fibtimer FREE MONTHS Offer! Conservative S&P Timer Ranked #1 on TimerTrac.com Bull & Bear Timer 10 Year Results Fibtimer Timing + 294.2 % 3 Year Results  Fibtimer Timing  + 65.7 % Sleepless nights as your investments are consumed by a volatile Wall Street? Consider Fibtimer 's trend trading services. Our trading plans are unemotional and are always invested with the trend, which ever way it is headed. Fibtimer 's timing strategies MAKE MONEY in BOTH advancing & declining markets. No more sleepless nights. No more upset stomachs. We profit year after year after year. In fact, we have been timing the markets successfully for over 25 years. Join us and start winning! We are currently offering 2 or 3 FREE BONUS months to new subscribers. Special Offer - CLICK HERE NOW

You may take riskier trades with the hope of being lucky enough to triple your capital. Or you may be tempted to stray from your timing strategy because you are "certain" you see the potential to make a big win. This is the first step to disaster for any trader, whether a novice or experienced professional.

You may even abandon all risk controls because you may start to think, "Unless I can make some big money fast, market timing isn't worth it anyway."

The "get rich quick" urge is felt by all market participants. After all, we are there to make money! But this particular urge must be ignored if you value your savings.

Going For The Big Win

It's important to stay modest. It is unlikely that you will be lucky enough to be set for life after only a few big trades.

You will have to stay with the timing strategies for year after year, just as all seasoned, successful market timers have done.

• Market Timing vs. Conventional Wisdom
• Market Timing Facts vs. Market Timing Fiction
• Following an Unemotional Trading Plan Equals Profits
• Pulling the Trigger
• Handling Stock Market Hardballs
• The Trend Is Your Friend
• Can You Predict The Future?
  
  For prior commentaries still posted on the website, Click Here