Shocking Stock Blog Perspective
I've been trading for some 20 years and one of the most important lessons I have learned is that it is better to hit and run trade instead of long term trading. Buy and hold is no longer a profitable plan of attack. We could debate why this is true forever, but that is beyond the reach of this article. The best thing you can do to improve your trading is to forget the set it and forget it mindset. Leave that style of trading behind.
If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you become much richer than you are today.
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:
You need to trade so that you make consistent short term profits. You want cash flow in the market. Really get in there and do it for all it is worth. Don't try and swing for the fence on every trade. Never get emotionally attached to a stock, get emotionally attached to the idea of making money small bits at a time. This is the way you need to do it.
Stocks are really worthless concepts of virtual junk.
I do not hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
You should trade so that you don't care which way the market goes. It should not matter to you if the market goes higher, drops, or goes sideways for the next 7 years. To you it shouldn't matter. Stocks are nothing more than 3 letters with a space and a price written next to it.
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.
Here's a secret most traders don't know about, it's called the first hour of trading. Take a look at almost any hourly chart of any index and you will probably see the most 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. - 23226
If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you become much richer than you are today.
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:
You need to trade so that you make consistent short term profits. You want cash flow in the market. Really get in there and do it for all it is worth. Don't try and swing for the fence on every trade. Never get emotionally attached to a stock, get emotionally attached to the idea of making money small bits at a time. This is the way you need to do it.
Stocks are really worthless concepts of virtual junk.
I do not hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
You should trade so that you don't care which way the market goes. It should not matter to you if the market goes higher, drops, or goes sideways for the next 7 years. To you it shouldn't matter. Stocks are nothing more than 3 letters with a space and a price written next to it.
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.
Here's a secret most traders don't know about, it's called the first hour of trading. Take a look at almost any hourly chart of any index and you will probably see the most 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. - 23226
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 @ 12:06 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home