Mindful Trader founder Eric Ferguson understands this perfectly well, having been trading stock for years. However, entering a trade based on emotions, rumors or unwarranted enthusiasm has only one certain outcome: loss. Such a historical drop rarely happens unless investors start panicking.īecause of the volatile nature of the market, investors can sometimes enter a trade based on emotion rather than statistical facts. For instance, at the heat of the pandemic, there was a historical 34% decline. The unprecedented declines and gains in 2020 brought about by the COVID-19 pandemic are a typical example of how chaotic the market can get. A company's fortune can therefore change for good or worse in a moment. Individual stocks display even more volatility, moving up or down depending on industry activities, company news, political upheaval or geopolitical changes. Although relatively calm during certain cycles, the stock market is a very chaotic trading environment rift with high and low periods. If you choose stocks, you most likely will need a financial adviser or expert to help you select the right stocks to invest in because not all of them are profitable. I take an academic and quantitative approach to trading and my stock picks are based on data and statistics.From an economic perspective, the easiest route to financial freedom is to invest in a franchise, real estate or stocks. If that's the question you're asking, then you think like me! I like to use data and facts to guide my decisions. If you're like me, you might be wondering, "Eric, it's nice that you claim that I don't need to rush to get into the trade, but how do you know that for sure?" But the stock picks themselves take very little time to administer if you decide you want to follow them, and since they're swing trades they don't require babysitting. You're certainly welcome to spend as much time as you want looking at the market and trading, and perhaps this service will give you some sort of inspiration to do that. Some people might be looking for a trade alerts service that gives them hours of trading action every day. You can check the site a couple times a day for new stock picks, and that's it. The point is you don't have to interrupt your regularly-scheduled life to follow this stock picks service. Or maybe you have business meetings throughout the day and can only check your phone between meetings. Now the part about being on the beach is probably some extremely wishful thinking for most!! But maybe you've got a dental practice and you can only check your phone before and after work. Then you go back to your spot on the beach and back to that tropical beverage. You open your trading app and enter the trade and set up the trade exits. Eventually you need to go to the bathroom or get a refill, so you go inside at that point and check your phone while you're there and you notice there's a new stock pick from Mindful Trader. Imagine that you're sitting on the beach. Let me paint a picture for you of how it differs. What I offer is a swing trade picking service. That is NOT what I offer here at Mindful Trader. For those types of alerts, maybe every second matters and maybe the trades last ten minutes before you get out. There are probably other alert services like this where the minute you get the text, it's "all systems go", you drop everything, and you rush to get the trade in. My stock pick service does not require people to sit in front of a computer screen watching the stock market, impatiently awaiting a trade notification. To make sure you understand what I'm talking about here, I want to help you visualize it. All my stock picks and futures picks are based on a historical quantitative edge that I uncovered from years of stock market price research. They are therefore classified as swing trades. The trades I alert last for about a week on average. Here at Mindful Trader, I offer a swing trade stock picking service.
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