6 Tips to Being a Better Stock Trader (and More Successful)

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6 Tips to Being a Better Stock Trader (and More Successful)

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Have an open mind when you’re trading there isn’t just one way to make money in the stock market many people think that you just buy low and then sell high – PowerPoint PPT presentation

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Date added: 18 June 2019
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Provided by: biglivetrade

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Title: 6 Tips to Being a Better Stock Trader (and More Successful)


1
6 Tips to Being a Better Stock Trader (and More
Successful)
  • Presentation by Biglivetrade.com

2
1. have an open mind
  • Have an open mind when youre trading there isnt
    just one way to make money in the stock market
    many people think that you just buy low and then
    sell high and yes this is a typical mentality but
    thats the speculative version of trading so
    understand that theres more than that.

3
2. stay away from the news and media
  • Always remember that the news and the media is
    really all about hype its there to give you
    information to show you whats kind of moving
    whats going on it the market maybe the economy
    but remember that some peoples agenda out there
    is really to persuade you to buy into what
    theyre saying.

4
3. master the art of trading first, then go
bigger
  • Learn to trade first and managed your risk manage
    your money first before increasing your share
    size so many beginners try and just go out there
    and trade 20 stares or 50 shares or 200 shares.
    Dont do this things first learn how to trade and
    then go bigger and increase your share.

5
4. Your success is up to you
  • Tip number four is that you have to create your
    own personal risk and rewards strategies you have
    to create your own buy sell signal software
    trading system no one can do it for you.

6
5. people have different views
  • Tip number five is remembered that people have
    different perspective some people have a detailed
    vision view other people have a wider vision view
    and by this mean some people are honed in only on
    the intraday charts some people are honed in only
    at the long term 100 year plan think of warren
    buffett hes a long term investor same thing goes
    in real life some people just live moment to
    moment and dont plan for their retirement other
    people plan and work for the retirement you have
    to know what you are.

7
6. study longer charts and learn vega
  • Tip number six is a little bit more on the
    technical note so if you're looking for a
    speculative direction place if youre looking to
    trade some short of direction on a stock and
    youre looking at charts and you're looking at
    technicals dont just look at the intraday and
    see how many times it bounces off of that buy
    intraday i mean the 30-minute time frame or the
    hourly or the 15-minute look on the daily or
    maybe look on the weekly because within those 30
    minutes time frames support and resistance is
    almost non-existent

8
  • there is some but a lot of it is machine oriented
    or computer triggered so if you look at the daily
    or more even though weekly you have much better
    chance to looking at the trend and thats where
    the big bucks are if youre looking at option
    spreads if you're looking at calendar spreads if
    youre looking at iron condors and butterflies
    and things like that then make sure you look at
    your vega so many people do not understand the
    vega which is the volatility risk so learn those
    and understand those key things whether youre
    doing the option spreads or you're doing a
    long-term speculative trade.

9
  • For any queries contact at support_at_biglivetrade.co
    m