Turn Off CNBC

If you want to stay focused on the task hand, and make money in the stock market, one of the best decisions you can make is to turn off CNBC and other financial news channels. Why? It is easy to get caught up in all the noise, and you can lose focus on your trading. The best way to become profitable in the market is to do your own thing and develop your own methods. All these financial news channels will do is clutter your mind with nonsense. Every day, a couple times each day, CNBC will strut out a bull and a bear to make an argument on the direction of the market. These are often people who have decades of experience, yet they really have no clue where the market is heading because NO ONE DOES! While it IS important to stay on the right side of the market, just let the action of the market itself tip you off as to which way it wants to go. Keep it simple though. If the market is breaking out to new highs, it will likely go higher. If it is selling off to new lows, it will likely go lower. Don't try to pick market tops and bottoms. Let the action of your individual stocks tell you when to get out of them. If you have a sound strategy for trading stocks, that strategy should tell you what to buy, when to buy, and when to sell. That's all you need! www.whentobuyandsellstocks.com