“Would you like to know how to make money on Wall Street?
Well, so would a million other people – and if I knew the answer, my books would sell for ten thousand dollars a copy.
However, there’s one good idea that some successful operators use.
This story was told to me by Charles Roberts, an investment counselor who lost – and then made – a fortune…”
In today’s #AskNoahStJohn video, I share put a stop loss order on your worries…
“I put a stop loss order on every market commitment I make if I buy a stock say it fifty dollars a share I immediately placed a stop loss order on it at 45 that means when and if the stock should decline as much as 5 points below its cost it would be sold automatically thereby limiting the loss to five points makes sense doesn’t it if your commitments are intelligently made in the first place the old master continued your profits will average 10 25 or even 50 points consequently by limiting your losses to five points you can be wrong more than half the time and still make plenty of money I adopted that principle immediately and have used it ever since it has saved my clients and me many thousands of dollars now here’s where it is also very interesting after a while I realized that this stop-loss principle…”
Noah’s Note: Put a Stop Loss Order on Your Worries
Today’s #AskNoahStJohn Show is compliments of How to Stop Worrying and Start Living by Dale Carnegie
Ask away in the comments below!
P.S. Watch this video to discover The 5 Big Money Mistakes Even Smart Entrepreneurs Make
I believe in you!
Noah St. John, Creator of Afformations®
Founder of Power Habits® Academy
Comment using Facebook: