How Some Win And Others Lose On The Stock Market
The Stock Market Game: Kurt Thomas Investment Challenge
Trading the share market is fraught with dangers. It is not as stable as some other investments. The property market is more stable, unlike the share market, it is not up one day and down the next. In fact, even during the day, the share market will go up an down many times. Because of this, many people do not like getting involved in the share market.
When day trading became fashionable during the dot com boom of the late nineties, and many people left their jobs to become day traders, the market was perceived to be mostly going up. Nonetheless, many day traders were losing their money very quickly, with one day trader, Mark O Barton, completely losing it when having lost everything on the markets.
Barton killed his wife, children, and office workers at his stockbroker's office, as well as people at a day trading center across the road from the stockbroking firm. Barton was not the only day trader to lose his money and then commit murder, but he killed the most.
The number of day traders who lose all their money is said to be about 90%. This is the same percentage that is often quoted for start up businesses going broke in the first year. Not only is the percentage of failure interesting, it also tells us the reason people fail at business, and the reason people fail as day traders, could possibly be the same.
Most people would like to be making $1000 a day, if they could. Unfortunately, many, who try to achieve this, go broke instead. One of the main reasons you will find for this is that people try to do things on their own rather than under the guidance of a mentor or coach. A mentor or coach often makes the difference.
Barton would not have lost his money and killed all those people if he had not been a maverick, who thought that he alone could beat the market. In the end, according to Barton, it was not his bad judgment or his emotional instability that caused him to lose, rather it was his wife, the stock brokers and the other day traders who were responsible for his losses.
Now, had Barton been willing to listen to people and get some good advice, he would have been able to make $250,000 in a year and then go to build this into a substantial fortune.
Chris Kobewka had always wanted to be a stock broker from the age of thirteen. Chris's father died when he was ten years old and he became the man of the house. Naturally, he felt he would have to earn an income to be the provider.
When Chris saw the houses and cars stock brokers owned, he just knew that is what he needed to be if was going to a good provider. But Chris didn't become a stock broker, he became a mechanical engineer.
Eventually Christ participated in the management buyout of the company for which he worked and was instrumental in turning the company into a profitable company. Chris never lost his desire to make it on he markets. Well, he didn't become a stock broker, but Chris has hit the jackpot and in his first month of trading turned $360 into $19,800.00 trading less than one hour a day.
Oddly enough, Chris has hit on a similar method to what I have developed when trading. The difference between Chris and myself is he is training people to do what he is doing.
Happy Riches know how to show you and can be found at www.happyriches.name and if you are interested in getting in touch with Chris and learning his methods, go to www.happyrichesbuys.com.
Article Source: http://www.articlerich.com