New Stock Blog Helps Trader
I have been investing for over 24 years and trading for almost 14, and I have learned that if you really want to make GIGANTIC and SPEEDY money, it is better to short term trade instead of long term investing, trading can make you turn your trading into a full time business.
Now if you are reading this, you are probably investing and have already achieved some degree of success, long term investing can do this and so can FOREX.
I have been the head trader at several brokerage firms, a Market Maker, and currently I'm a private hedge fund manager and here are some tips of advice:
Strive to make short term profits on a regular basis. You want cash flow coming from the market you are trading. When you find something that works, keep doing it until it stops working. Do not try and hit and home run on every trade. Just try and get on first base. Do not get emotionally attached to a stock, you are not looking to marry a stock, you are looking to make money from it. Remember, small amounts of money on a regular basis is what you are aiming for.
Stocks are really worthless concepts of virtual junk.
Do not live in a fantasy world that the stock you are holding will keep going up and provide a sweet retirement for you.
You should trade so that it doesn't matter which way the market goes. It should not matter to you if the market goes higher, drops, or goes sideways for the next 2 years. You shouldn't really care. Stocks are nothing more than three letters with a space and a price written next them.
You should sit back in cash and only trade when you have a clear advantage. If you don't have an identifiable advantage then your odds of making money on the trade are no better than playing the lottery. This is the biggest reason why new traders and buy and hold investors lose money in the market.
Take a look at any daily chart of any index or stock and you will probably see the most volatility and the biggest opportunity for profit during the first hour of the stock market's opening.
Most people sit on their hands during the first hour of trading and do nothing.
You need to be in during the first hour of trading so that you can take advantage of rookie stock traders who are buying on emotion because they saw something on TV last night. - 23218
Now if you are reading this, you are probably investing and have already achieved some degree of success, long term investing can do this and so can FOREX.
I have been the head trader at several brokerage firms, a Market Maker, and currently I'm a private hedge fund manager and here are some tips of advice:
Strive to make short term profits on a regular basis. You want cash flow coming from the market you are trading. When you find something that works, keep doing it until it stops working. Do not try and hit and home run on every trade. Just try and get on first base. Do not get emotionally attached to a stock, you are not looking to marry a stock, you are looking to make money from it. Remember, small amounts of money on a regular basis is what you are aiming for.
Stocks are really worthless concepts of virtual junk.
Do not live in a fantasy world that the stock you are holding will keep going up and provide a sweet retirement for you.
You should trade so that it doesn't matter which way the market goes. It should not matter to you if the market goes higher, drops, or goes sideways for the next 2 years. You shouldn't really care. Stocks are nothing more than three letters with a space and a price written next them.
You should sit back in cash and only trade when you have a clear advantage. If you don't have an identifiable advantage then your odds of making money on the trade are no better than playing the lottery. This is the biggest reason why new traders and buy and hold investors lose money in the market.
Take a look at any daily chart of any index or stock and you will probably see the most volatility and the biggest opportunity for profit during the first hour of the stock market's opening.
Most people sit on their hands during the first hour of trading and do nothing.
You need to be in during the first hour of trading so that you can take advantage of rookie stock traders who are buying on emotion because they saw something on TV last night. - 23218
About the Author:
Do not buy your next stock before you read Sam Nielson's free stock blog, and stock trading website.
posted by X - Men @ 12:07 AM
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