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Yes, buying and selling stocks is an adventure. For some, it's quite prosperous. We've all felt the energy that has been created in the stock market in recent years. Some folks play in it for fun; for many it's their main source of income. There are other folks who have brokers making decisions for them. Many see the benefits of trading but are overwhelmed and believe it's hard and/or risky. No matter which category you're in, here are some things to keep in my mind. Many of you know this intellectually but get caught up in what you think is the “right way.“ The only way you know your game is working is by looking at your results. Are they good, great, unbelievable or not so hot? If you're reading this, chances are that you aren't aligning your actions with what you TRULY desire. If you want to get out of the rat race, read on.

As you've heard Robert Kiyosaki say, “Knowledge is power.“ No matter HOW you do your trading, it's important for you to be knowledgeable about the process and how it supports your personal strategy. Let's look at knowledge. I deal with people all the time, through my CASHFLOW seminars who are talking about hot leads and trends in the market. Other participants in the class are on the edge of their seat listening. I always warn them to be very selective in who they're listening to for guidance. What results do those advice givers have in their life? Are they out of the rat race? How much time are they devoting to their trading? Even brokers give advice that isn't always smart. Real knowledge comes from you being thoughtful about how you make choices. Doing your own research, making mistakes and getting your hands dirty are a part of the learning. Making educated risks are different than being lead by others who don't have your BEST interest in mind.

There are many benefits to trading online as well as some shortcomings. My focus here is to challenge you to trust your ability in finding the information you need to make an intelligent choice. It is not hard to trade in the stock market. In fact, it's pretty easy when you ask a the right person to show you. One of the benefits of doing your own trading is that you get to be in control. It trains you to “mind your business.“ You'll get to do your own research, get more connected to what's happening in the world, pay less commissions and hopefully make some great money. Learning where to get reliable info and then how to evaluate are key.

As a coach, I work with clients to follow a path of joy and ease to reach their goals. I love it when the light bulb goes off and they reach for something new in their life. So, if you're ready to jump into managing your own trading -- STOP! I know you're excited. But that excitement can be a bit dangerous when you're dealing with investing in any arena. Your emotions may cloud your judgment and have you move too fast. For instance, “options“ may be a great strategy. But you may not be ready. Start slow. Get the basics down. Learn. Practice. Yes, you definitely want to start. Make a choice and get into action. You may find that you don't have the stomach, passion or time to do your own trading. But you won't find out unless you try it. Researching may not appeal to you. That's fine -- stay with your broker. But know that there is a trade off. You CAN get guidance from online brokers. Every broker will tell you something different. Where did THEY get their research and what's their investing philosophy? You need to decide the best route for yourself. If you wait too long, you'll never get anywhere. If you move to fast, your learning may be very painful.

I don't want to scare you -- actually the opposite. What I'd love is this: If you've been thinking about dabbling in online trading, make a plan. Decide the best way for you to learn, set your goals, create a strategy and be thoughtful about what actions you take. Make the ride fun. If you're not having fun, let it go. Try another strategy or find a different game.

Just play!

Copyright © 2000 Jeanna Gabellini