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Stock Picks, For Getting Rich... Slowly

Jul 22, 2008
It seems like everyone is on the lookout for the best stock picks to join their portfolio, large numbers of investors are on a constant quest to locate hot stocks and stock market advice tips that will help them with their goal of making some quick turnaround profits.

The problem with this philosophy is that many new players who are trading stocks are dealing only in a short term scenario, not longer term stock market trading strategies. Unfortunately many people new to online stock market trading may commit to a stock market trading strategy only to abandon it if it does not give near instant rewards; this will then be replaced with another in a wide variety of stock market trading strategies, and so on.

Getting rich quick does happen with stock picks and hot stocks, but a far more profitable approach for most stock market trading strategies is a get rich slowly approach. This avoids getting rich quick but also avoids losing all your cash fast, if you like those kind of risks you are properly better off getting involved in horse racing or casinos not stock investment, because that is gambling not investing.

Why would anyone choose a stock market trading tip that may pay off huge or may cost you your shirt, is it not a better strategy to go for a stock market trading strategy that will give you good quality returns over a period of time. One that is far more prone historically to bring in steady returns, building your portfolio in steady increments, rather than the devil may care live for today stock investment route.

Many stocks may start to slide prompting get rich quick stock market trading strategy followers to dump the stock before their profit disappears. With a little research it is very possible that there is a good reason for the slide, but longer term plans for that company will bring it climbing back up in just a few months putting you in a good position to benefit long term.

Getting rich slowly will always be a good way of trading stocks, that doesn't mean that you cant have part of your portfolio put aside for a the chance of a good quick profit opportunity, but as a long term stock market trading system often proves to be large short term gains quickly followed by short term irrevocable losses.

Consider all your stock picks, hot stocks and stock market hot picks as part of an overall strategy of longer term investments allied with some small risky sort term gains.
About the Author
CrushThisMarket.com takes the guess work out of finding the right stock to trade by providing great stock market trading strategy. Whether the market goes up or down Crush This Market will give you the best stock picks.
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