Second, as Jim Cramer often reminds viewers on Mad Money, you can "scale into" positions you think are still attractive and have upside potential. That means you buy a little at a time, almost hoping the market will correct so you can buy more at lower prices. This is a kind of "dollar-cost-averaging" approach that can help you build a position in a great company like Microsoft ( MSFT), even after it has moved up nicely over the last five trading sessions. Third, and as important as any wise investment advice, practice "position sizing" and before you buy any position know precisely what you'll do if the position drops in value to the point where you experience an unacceptable loss. In other words, use some kind of a trailing stop loss alert system that tells you (and not the exchanges' market makers) that you need to follow through on your discipline to cut your losers and let your winners run. To become familiar with what a trailing stop loss alert is and how it can empower you to wade carefully in the market waters, experiment with a trailing stop loss calculator. Here's a look at how NBL and MSFT have performed over the past three months. Notice that the daily price range hasn't already dramatically broken to the upside or to the downside yet. NBL data by YCharts With the next Fed meeting coming up before the end of this month and with the stock market in the thick of earnings season, there will be plenty of angst and surprises left to move the markets. You don't have to miss out on the action if you have an investment or trading plan that protects you from emotions that usually keep us stuck in the quicksand of indecisiveness. We've witnessed a period of dramatic government gridlock and ominous, stormy "seas" that the undisciplined investor/trader could have used as a powerful excuse to keep all ships in port. If you did nothing the past two weeks because you don't have some reliable disciplines or strategies with which to enter and exit the markets, hopefully this article will empower you for next time. Becoming a profitable investor/trader is a learning experience that takes time. If you're fortunate enough to have mentors like Jim Cramer and Stephanie Link, and you use an alert system like TradeStops, you'll be better equipped to overcome your fears and greed in favor of decisive, proactive forward steps. As Kenny Rogers song reminded us in "The Gambler," "You've gotta know when to hold them, know when to fold them, know when to walk away and know when to run...You never count your money while you're sitting at the table, they'll be time enough for counting when the dealing's done." At the time of publication the author is long MSFT. Follow @m8a2r1This article was written by an independent contributor, separate from TheStreet's regular news coverage.