When you view the statistics of successful investment game program playing, it can be pretty depressing. Stats show that only 95% of investment game program players are making any money online. With so many playing investment game program, why is this? Here is a look at common mistakes novice as well as some experienced investment game program players make that cause them to lose money.
1. Get rich overnight mentality. You have probably seen everywhere over the internet about how easy and profitable it is to play investment game program. Well, it is easy to actually play, but difficult to play well. Opening and funding an e-currency account can take as little as 24 hours and you can be up and playing. Players will open up an e-currency account, fund it and start playing without knowing what they are doing. A good course of study on the investment game program and how they tend to work with is a must before you start playing in any game. You must have sound knowledge in investment game program to play profitably. You can not just go on gut feeling. Investment game program playing should be done for the long haul. You are going to have those months where you are not in the positive, but a good player will have more positive months than negative ones.
2. Playing for the wrong reasons. Yes, there is a high associated with making a huge profit from one game. However, do not treat investment game program playing like a day at the race track. You should not play for the excitement of playing. Not to mention that there is a lot of time to be spent just waiting for the correct program at the right time to come along. Also, do not start investment game program playing because you think it only requires a few minutes a day to make money. Even if you are seeking for a one time profit or hit and run, it takes time for those games to develop and some days are just bad days to be sitting there waiting.
3. Not having a get out point strategy. This is where emotion comes into play. You should have a clear get out off the game strategy when you get in a game. Decide how many dollars you are looking for and what is your break even point. If it is 50 dollars, get back your initial deposit first and get out of the game when you see or hear any scam sign that starts to arise. It is too easy for a novice player to say "Well, it has to start coming back soon, I'll just wait a few more days" and then end up getting scammed and loss all the money. Be disciplined and set those get out points. There are always going to be new games happening.
4. Jumping from strategy to strategy. Strategies take time to develop and time to personalize to your own playing style. That is why a test plan is important to practice. Once you have learned your strategy and how to adapt it to changing conditions - stick with it. New players will sometimes bounce from one person's strategy to another, without giving any of them a chance to develop. One bad game does not necessarily cause by a bad strategy.
5. Emotional involvement in your plays. Turning off your emotions is a critical tool in playing investment game program successfully. Not just the down emotions, but the up emotions as well. Have a strategy to get in and out of the games. Resist the impulse to play, feeling like you are on a wave of good luck. And conversely – do not keep playing if you are down out of desperation.
Following these tips will help you be part of the 5% of successful players out there, rather than the majority that does not succeed.
No matter what the program that is played, there is one overriding factor more than any other that determines a player's failure or success. That key element is the player's own "mindset". Here is a brief bullet list of some of the negative personal factors you must deal with if you want to become a successful investment game program player.
- Not following your predetermined playing plan and strategy most of the time.
- Second-guessing (doubting) every game you get in into.
- Getting out from winning games earlier than your plan would have you exit, out of fear of losing.
- Getting angry or upset (you fill in your own emotional response) when you lose a game.
- Playing with money that is not discretionary; money you really can not afford to lose.
- Fear of losing a game, even if it follows your money management plans.
- Adding even more money to your losing games instead of getting out of the game as soon as possible when you are able to detect or foresee any scam sign.
- Risking too much money on one program instead of diversifying on several programs. Do not put all your eggs in one basket.
This list is certainly not exhaustive, but we are confident that you will be able to see yourself in one or more of these situations. If none of these describe your playing, then you are in the top 5% of successful players.
How do we even begin to address these issues? The simple, but definitely not easy solution is to understand your weaknesses, and discipline your mind and playing to the point where you can make confirm as well as unemotional playing decisions.
One very effective method is for the investment game program players to find some very good resources available for free on the internet such as eCommerce-Journal that specifically deal with your thought processes and disciplining your mind.
Commit to becoming a disciplined, confident, and relaxed player. This is critical for you to master if you are tend to continue playing and make it as your long term online money making opportunity but it is not impossible to achieve.
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