There are millions of blog posts on the internet. However, there are some that do extraordinarily well, while others are more like failures. This is also seen in the world of investing, and no matter if you are trying to be a successful blogger or trader, you need to have the right education and know what tools to use along the way.
There are many components to investing and blogging is just one of them. How do you get to be among those who succeed exemplarily with their blogs? What’s the secret to being a great blogger and reaping the most out of it? These are some of the questions that when answered, will allow one to be among the best online traders in the market.
Patience is a Virtue
To succeed in the blogging industry, you need one important virtue, patience. In the investment industry, perseverance also pays. Just like it is with investing in stocks and currencies, bloggers invest in their blogs for a long time before they anticipate any returns. If you are impatient, success is a near impossibility. Patience gives you a perfect opportunity to improve, learn iterate and gain more knowledge. You will be shocked at how good you have become over the years.
Consistency is another great thing that gives bloggers an edge on the online trading platform. Considering that investments benefits don’t come overnight, it is important to ensure stability in your trades.
This is something that Tim Sykes, a successful penny stock trader, and blogger who continues to preach to his audience on a daily basis. Tim has made a living out of blogging ad building a brand for himself, while also offering a service to learn his trading methods as well. To find the same results and success that Tim has accomplished, simply doesn’t happen overnight — if ever!
With this in mind, bloggers know that it’s a lot easier to lose their audience than it is to get them. Just like it is important to pick the right broker that has a perfect track record when trading, it is also important to blog as consistently as possible to have a higher subscribing rate. However, try not to be too much to push away your audience.
Understanding the Market
Successful bloggers just like investors take pride in understanding their markets. When a blogger knows the audience better than they know themselves, they have a greater chance of building a good following. In stock trading, it is advisable to always cut the losses at 8% below the initial purchase price. This can only be done if you understand the market clearly.
How is this possible, you might be wondering? Well, with proper upfront research, it is a piece of cake. For traders, getting a qualified brokerage company such as Ameritrade, Etrade or CMC Markets can help you in understanding the stock market. Not only do these sites offer itself as a service, it also offers full training guides, webinars, and resources on how to be a better trader as well — which is something we commonly see with tools and services being offered in the blogging space.
Knowledge is Key
Sharing of knowledge also puts bloggers on top of the game. You can see a perfect example of this in a recent expert post that was featured on Blogging Tips. Members in the world of online marketing and blogging are very open about what they do, and are always more than willing to share success tips and advice for others in the industry.
As an investor, having knowledge about the kind of investments to concentrate on is the difference between profits and losses. For example, it is advisable to avoid volatile investment types such as options, foreign stocks, and futures if you are a newbie. Concentrating on a few premium stocks is a better option than owning twenty low-quality stocks.
Just like successful investors, successful bloggers are not afraid to showcase what they know. You want to give out as much as possible so as to make your audience dependent on you for knowledge. The more you give, the more you acquire.
Avoid Emotional Attachments
To succeed in stocks and online trading, it is essential to avoid getting emotionally involved with the stocks. The best way to go about it is to follow the rules (buying and selling) and not to allow the emotions to be the reason to change your mind. The same applies to bloggers.
Most bloggers write for themselves first. Ignoring the fact that the blog you write will be read by someone else and just flow with your ideas, thoughts, and opinions are how to go about it. Put down your feelings into words and see the magic happen.
Learning from Others
Succeeding in online trading involves learning from stock market winners that are the best in the field. It is also beneficial to perform a post-analysis of your previous stock market trades always to learn from your mistakes and successes.
Bloggers borrow the same concept from traders. They learn from other bigwigs in the blogging industry, and they also perform analysis by involving their current readers and putting up an engaging quote on social media such as Facebook, Twitter, LinkedIn, and Instagram that asks users some questions. Depending on the responses they get, they get to know whether or not it is a great topic to blog about.