Thursday, May 10, 2018
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A Disciplined and Organized Approach to Trading in the Stock Market
ReplyDelete90% of traders in the stock market lose money most of the time. Find out what consistent winners have in common.
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A Winning Approach to Trading in the Stock Market
Many traders lose simply out of ignorance. They base their trades on hunches, news, or tips from friends, and do not define specific risk and profit objectives before placing trades.
Others have the merit of educating themselves but fall victims of their emotions. They hold on to losing positions hoping they will turn into winners and sell winners by fear of losing a small gain. They overtrade to fulfill a need for action or by fear of missing out.
The consistent winners follow a winning approach:
They have a strategy to enter and exit trades
They use good money management
They take consistent actions, they follow a trading plan
They keep good records so they can review their actions
They avoid overtrading
They have a winning attitude