Stock Trading Tips I realize there are millions of articles out there about every concievable thing related to trading but here are some tips that seem to be universal across most trading methods and will help to keep you focused on the basics if you become distracted from your trading strategy: Cut your losses. Just …
The Trend is your Friend I decided to use the word “Mantra” in the title because it means a commonly repeated word or phrase and the trading phrase “The Trend is your Friend” is often repeated among most stock traders if they use charts or technical analysis. The more time you spend trading and studying …
As a continuation to the previous post about having an exit strategy, another big mistake new and many veteran traders face is changing your trading strategy or plan when you aren’t trading well. It is so easy to get distracted by a new strategy or tweaking your existing plan when you are facing a string …
Let’s talk about the typical mindset of a trader that doesn’t have a plan or investing discipline which results in a common trading mistake. Typical scenario is below: You have picked out your stock and look at a chart to find the point you want to buy it. You are patient and the stock hits …
