Trading in the stock market can be very profitable . Many professional traders can make a few hundred to a few hundred
thousand dollars a day - depending on the traders competence, the system used
to trade, also referred to as the traders game, and whether you trade on your
own, you trade with losers, or you trade with winners. So can you; you just
have to know what to do. Other traders, relying on old-school trading systems
can suffer huge losses, quickly and for some tragically as they wipe out their
trading funds.At POWER SPIKE SYSTEM,you are certain to make profits every day.
This article
will show you how to win and keep losses manageable.Following the following steps to trade stocks profitably:
1.Understand Tension, or the concepts of support and resistance. Support and
resistance are considered critical indicators for price continuation, stalls,
or reversals. These are visual charted tops and bottoms of a stock. For
example, say that a stock trades between $55 and $65. Next time the stock is
trading at $55 (support), you would expect it to go back up to $65
(resistance), and vice versa.
2.Be consistent with your rules for trading. This is essential
for profitability. You must have systemic rules, rules for your trading game,
that you must follow. These rules tell you when to get in and when to get out.
Follow these rules strictly even if it means taking a loss now and then. For
example, if you have a rule to limit losses to 10%, and the stock loses 10%,
you sell. Don't argue with the market.
3.Like world-class professional athletes, at the top of their game,
they learn to win with the help of a world-class consultant / coach
4.Start small and increase your trade size as you gain in knowledge
and confidence. Don't be discouraged with losses at first.
Eventually you too can become a winner, a consistently profitable winner, not
on your own this time but with outside support and guidance, actively trading
with winners and your own personal and professional coach.
5.Read all the books on trading you can, and always keep learning. Over 95% of
traders follow the losers, as they read obsolete books, buy old-school systems
and indicators of the day without knowing that all this obsolete stuff is used
by big money to kill the little guy. There's a new trading game in town and
it's your job, if you want to survive and then be profitable, to find it,
practice it, learn it, and develop your competence with it. CLICK HERE
We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
ReplyDeleteAn important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.
We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
ReplyDeleteAn important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.
We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
ReplyDeleteAn important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.
We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
ReplyDeleteAn important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.
StockTrader.com provides weekly stock market recaps, 100s of educational articles, and a Trade Journal tool. Our mission is to empower the independent investor.
ReplyDeletewebsite: stocktrader.com/blog
StockTrader.com provides weekly stock market recaps, 100s of educational articles, and a Trade Journal tool. Our mission is to empower the independent investor.
ReplyDeletewebsite: stocktrader.com/blog
StockTrader.com provides weekly stock market recaps, 100s of educational articles, and a Trade Journal tool. Our mission is to empower the independent investor.
ReplyDeletewebsite: stocktrader.com/blog
StockTrader.com provides weekly stock market recaps, 100s of educational articles, and a Trade Journal tool. Our mission is to empower the independent investor.
ReplyDeletewebsite: stocktrader.com/blog