Have you ever watched the antique roadshow? If you have, its pretty interesting to see how when someone brings in an antique, the dealer seems to know that their grandma had put a chip on it and their cousin had tipped the vase here or there. Well one time a couple walked in with a blanket, and the dealer took one look at it and ran really fast to security and brought over 4 guards. With fast breathing and little excitement he asked them if they knew what they had. They told him it was just a blanket that had been laying over their sofa for years to use every once in a while. He told them that it was an official navajo blanket with a certain type of weave and that it was worth $500,000!
They stood there in awe, and immediately went to a bank in their hometown and bought the most expensive vault they could buy from the bank. After storing it, they then started house hunting. The point is if you know the value of what you are trading, then you can have vision of where that stock could go. This couple had vision after realizing the value of their blanket and therefore had vision for the style of living they wanted to pursue.
If it is a $20 stock prices at $10 then would you not buy as many as you could? The way you treat your trading also effects your vision, if you have no respect for the value of your capital then you will lose it all over emotions, greed, and fear while participating in the market. So keep in mind the value of your capital and the value of different stocks that you trade in and out of. If you think long-term as well as trading in the short term then you will start to learn what it means to have vision as your account slowly and surely builds value.
Our Subscribers brought in a little over $10,000 today so good job to everybody and remember to put some of those profits away for taxes, drinks, and dinners!
Until next time;
HAPPY TRADING!
the C² Trading Team
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