Having traded stocks of more than 20 years I can tell you it takes an approach organized. It is not for someone who does not put everything into what they do. It takes hard work and discipline.
Before the year 2000 is much easier to make money, because the market is volatile and can make good money with fluctuations in the market through a good plan, discipline and a rapid but steady.
Since then it has become more difficult. Many day traders han ido by the way side for many reasons. The data still shows for the long term, the stock market is the best place to be. I put together just a few ideas of what I think are good tidbits of information about the market and which are as follows:
1. Sell when you want not when you have to.
2. Buy after the market has had 2 to 3 days of hard selling then pulls the maximum number of days the lowest in that period. If your purchase securities match point, then you have something to do as a possible trade.
3. Selling after the market has had 2 to 3 days or purchase wild then pulls down on higher during that period. If your point of sale of shares coincides you have something to do as a possible trade. 4. The use of Discipline where trade. Have a plan that makes clear entry and exit points before buying or selling a security.
5. Know your emotions. Greed will try to talk to you to take a profit, let the people back before taking action. Fear of taking a loss prevented from taking action only to cause more losses.
6. Learn as much as possible of the reading and take seminars from someone who has been successful. Why learn from someone who is just talk. Check out.
7. You trade plan must specify how much of your portfolio should be a risk for any given time.
I could go in an envelope. It's amazing what you learn with the years of contribution, reading, seminars, etc. I can not tell you how much to spend on knowledge. It is worth every penny.
If you are going to make your research you can find software that can help automate the process. I found in my research that han ido doing road in price. It's amazing what you can get now days for a fraction of what I use to pay. What should you do next?
Think of the above items, develop a plan, find the software you like to implement its plan and hopefully you can automate the process. In doing my research I found some of the exciting new software that not only can automate the process, but help with decision-making process as well.
Please do your research in finding these programs, either by using a blog like mine, but not necessarily mine or do the work yourself. It is very important. Give your car a chance at success.
I wish him the best.
