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6 Steps To Recession Proof Your Investing
By Terrence Martin
In the few minutes it takes to read this article you will have learned a fool-proof Solution to Recession-Proof your Stock Market investing.
This Recession-Proof Solution consists of 6 easy Steps that only takes minutes to do.
Imagine actually wanting to open your Brokerage Statement in order to see how much your account has Grown vs. dreading the sight of how much your account has diminished.
Here are the 6 Steps of this Recession-Proof, Wealth Making (and Preserving) Solution:
1. Have a Plan
Seems obvious but most investors don't have a plan. When you get into investing, have a plan on what you want to do. Set parameters for how much you are going to invest for each trade and what your risk tolerance is.
2. Have a Proven Successful TRADING METHOD that Works In Any Market Condition
This is the most Important Step of all. We want to have a process of selecting the Best Performing, Highest Quality Stocks in Leading Industries no matter what the Market is doing; while keeping us out of Stocks when the Market is not doing well.
The pure genesis part of this Method is that it gives you a disciplined approach to and was designed to find Stocks that are ready to make POWERFUL Profitable Moves while keeping you out of the poor performers.
This is exactly what my Free Trading course (which is offered below) does for people who follow it.
3. Have a Disciplined Method to Stop Your Losses
Can't stress this one enough! When you buy a Stock, determine when you will sell it if it doesn't go as planned. This is called "setting a stop loss." Not every Stock you pick will go up. If it was that easy we would all be Billionaires. Understand what your risk is and set
a stop loss appropriately (an amount of loss you are comfortable with). It's OK to be wrong. It's not OK to let a wrong Stock selection run wild. Again, this is covered extensively in my Free Trading course.
4. Diversify Your Stock Selections
There is an old saying "don't put all your eggs in one basket." There is a lot of truth and value in that saying and it holds true when in Stocks. Pick Stocks in various industries and sectors. This will help you remove some unnecessary risk.
5. Have a "Real-World" Time frame
In today's world we are looking for instant gratification. doesn't work that way. There are occasions where Stocks can "scream up" and make its investors rich, but those are few and far between. takes time. Set your expectations for holding Stocks for a longer period. Results generally won't come in hours or days.
6. Know When To Take Your Profit
You will want to take your Profit when the Stock starts to falter. This will be detected when the Stock's price performance begins to slow down. In my Free Trading Course I show you how to detect this in a manner of seconds.
To conclude, this 6 Step Solution will Recession-Proof any Portfolio, is easy to do, takes little time to manage and produces Phenomenal Results. In my FREE Trading Course offered below, I go into much more detail of the Trading Method I use to successfully insulate my Portfolio from Recessions and Protect my Profits; while making Double and Triple digit Returns. And, get this, the Trading Method takes less than 15 minutes to do over a weekend. Can you afford NOT spending 15 minutes over the weekend to find Stocks that will keep you from getting heartburn every time you open your Brokerage Statement?
Article Source: ArticlesBase.com - 6 Steps to Recession Proof Your Investing
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