The Time For Skill Sharpening

Skill Sharpening

Anyone that is involved in markets, or anyone that has watched the news for that matter, knows that these last few weeks have caused a lot of pain.  It’s times like this when I recommend that retail investors should be in cash, focused on skill sharpening, and shoring up their weaknesses.  During the month of September I’ll be releasing a series of posts with tips and tricks for skill sharpening that you can start using right away.

The first part of getting better at something requires that you first recognize it as a shortcoming.  There are a few ways to get that done but here are 3 that I suggest:

Virtual Trading

With virtual trading (a.k.a paper trading), you have a risk free learning opportunity.  In my role as a mentor I often stress the virtues of paper trading and I walk my students through strategies that help them identify technical weaknesses and test out strategies that they are still learning.  

Once a technical weakness is identified through virtual trading, it’s time to come up with a plan for a fix and test it out with subsequent virtual trades..  I never want someone to put real money at risk while they’re leaning and that sentiment is even stronger right now.  With as many pitfalls as we have in this current market environment, it’s unwise to commit to a new strategy or system without thoroughly testing it first..

 

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Amin Hemani
In 1992 Amin had an epiphany while attending a 2 day training course hosted by InvestTools. He realized that he couldn’t leave decisions about HIS money to brokers or advisors. It was at this moment, Amin decided to take control of of his financial future.



Amin spent the next 20 years learning how to maximize his profits and minimize his losses and in 2014 he took over as the IBD® coordinator for the Westchase and Tampa Meetup groups. This experience gave Amin the chance to meet many like minded individuals who were earlier in their investing journey

In March of 2015, Amin began his blog, Investor Spotlight, in an effort to share the knowledge he had accumulated and the lessons learned over many years of trial & error. Moving forward, Amin wants to spread his message beyond just his Meetup groups and blog by providing mentoring and coaching on the process he has come up with over the last 2 decades.
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Amin Hemani

Amin Hemani

In 1992 Amin had an epiphany while attending a 2 day training course hosted by InvestTools. He realized that he couldn’t leave decisions about HIS money to brokers or advisors. It was at this moment, Amin decided to take control of of his financial future.Amin spent the next 20 years learning how to maximize his profits and minimize his losses and in 2014 he took over as the IBD® coordinator for the Westchase and Tampa Meetup groups. This experience gave Amin the chance to meet many like minded individuals who were earlier in their investing journeyIn March of 2015, Amin began his blog, Investor Spotlight, in an effort to share the knowledge he had accumulated and the lessons learned over many years of trial & error. Moving forward, Amin wants to spread his message beyond just his Meetup groups and blog by providing mentoring and coaching on the process he has come up with over the last 2 decades.

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