The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely on impulse because things are not going exactly as how they had envisioned. Repeatedly they use [...]
by admin on January 26, 2010
tagged
Common Ailments,
Confidence,
Contracts,
Ego,
Failure,
Impulse,
Losses,
Mistake,
Precise Rules,
State Of Denial,
Stress
Once you determine which business cycle the economy is currently in you can start researching for a trade. It is best to have some sort of a system in place that will be used before EACH trade. Here is a simple 5 Step formula to help get you started.
5 Steps to Investing Online:
1.Find a stock
This [...]
by admin on January 19, 2010
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3 Quarters,
5 Steps,
Beginning Of Spring,
Better Trades,
Business Cycle,
Chart Patterns,
Checkups,
Earnings Season,
Exit Signal,
Fundamental Analysis,
Moving Averages,
Price Targets,
Resistance Levels,
Rule Of Thumb,
Stock Trade,
Stock Trades,
Stock Trading,
Swing Trade,
Term Traders,
Would Make Sense