New Stock Blog Helps Trader
12:06 AM
This is the best stock blog about investing. Ive been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make GIGANTIC and FAST profits, I recommend day trading rather than investing, trading can make you go from rags to rich.
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.
All stocks are worth nothing.
I do not hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I don't care which way the market goes. It is irrelevant to me if the market goes really high, crashes or moves sideways for the next 30 years. I really don't care. Stocks are just 4 letters with two prices next to them that I use to make a living trading.
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.
Learn to trade the first hour. The first hour is an extremely volatile time which means it is the best time for you to make your biggest gains on any given trading day.
The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.
But if you do, you will miss the big, fast moves that stocks make as all the amateurs let their emotions out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.
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.
All stocks are worth nothing.
I do not hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I don't care which way the market goes. It is irrelevant to me if the market goes really high, crashes or moves sideways for the next 30 years. I really don't care. Stocks are just 4 letters with two prices next to them that I use to make a living trading.
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.
Learn to trade the first hour. The first hour is an extremely volatile time which means it is the best time for you to make your biggest gains on any given trading day.
The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.
But if you do, you will miss the big, fast moves that stocks make as all the amateurs let their emotions out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.
About the Author:
Do not buy another stock before you read Sam Nielson's free stock blog, and stock trading website.
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