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Focus on Consistency NOT on Hitting Home Runs on Your Trades

December 30th, 2014

A lot of people, especially beginners, try to hit grand slams in the stock market. It's like having a brand new baseball player try to hit a home run against a professional pitcher – it just doesn't work that way.

Discount Broker

You'll often see beginning traders put their bag of cash into a discount broker in hopes of getting a huge return from purchasing one or two stocks. If you take your $10,000 and put it in one or two stocks, you're not going to get back $30,000 (unless you're very lucky!).

Unfortunately, the stock market just doesn't work that way. If you do happen to hit a homerun (or a big return), it is unlikely to happen again the next time...

Penny Stocks

Beginning traders will also try to hit grand slams by trading penny stocks – the stocks that are cheap for a reason. They are horrible companies!

People think they can buy 500,000 shares and make a fortune even if the stock only goes up 50 cents. Chances are, however, the stock price will go up automatically as you buy the stocks.

The problem is: you have 500,000 shares and need to get out of the position. When you start selling your shares, the stock begins to go down.

How are you going to get people to buy your shares? You might have to lower the price to get out...

It becomes very difficult; especially if you don't have the liquidity. Not to mention the fact that these companies are easily manipulated!

Be careful when trading this way. Understand it is a lot tougher to create these 'homeruns' and big returns. I recommend staying away from these concepts altogether!

Instead focus on consistency. If you're just hitting singles, doubles, etc. – this can add quite a few changes to your life! As your experience and knowledge grows, you'll be able to make even greater trades and still find consistency that leads to stability.

Author: Sasha Evdakov

Sasha is the creator of the Tradersfly and Rise2Learn. He focuses on high-level education speaking at events, writing books, and publishing video courses on business development, internet marketing, finance, and personal growth.

I'm Sasha, an educational entrepreneur and a stock trader. In addition to running my own online businesses, I also enjoy trading stocks and helping the individual investor understand the stock market. Let me share with you some techniques & concepts that I used over the last 10+ years to give you that edge in the market. Learn More

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This website and content is for information purposes only as Rise2Learn, TradersFly, and Sasha Evdakov are NOT registered as a securities broker-dealer nor an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Rise2Learn, TradersFly, and Sasha Evdakov cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Rise2Learn, TradersFly, and Sasha Evdakov in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Rise2Learn, TradersFly, and Sasha Evdakov accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.