Are you tired of being loss in stock trading? it often happens to newbie trader when buying a stock then the price moves down but when selling a stock, the price moves up. Don;t worry because all of traders have ever got experience like this. Just keep up learning to make your trading better. here are several tips to be better in trading.
1. Plan every trade, then trade that plan
always identify entry, target, and stop-loss levels before enter a trade. Then, keep those parameters close by so that can remind our self what the assumptions underpinning our trades are. In the constant noise of the markets, a good trader has an anchor…which is our trading plan.
2. Completely prepared
only trade when completely prepared. Our experience shows that if completely prepared for trading, stand the best chance of making sound and profitable trading decisions. In cases where have been under prepared, our results show that not at our best and much more likely to lose money.
3. Completely objective viewpoint
As a technical trader (meaning trade exclusively off of what can deduce from looking at charts representing price and voluusover a period of time) it is important to look at the charts and their meaning without any bias. If biased and want (or need) the market or a given stock to go one way or the other, more likely to misinterpret or ignore what the charts are telling usand make less sound trading decisions. It is often said that you have to leave your opinions at the door when you walk into your trading room, and believe that is necessary in order to maintain an objective viewpoint.
4. Calm, detached and focused mindset
Try to stay emotionally disconnected from the movement of the market and think clearly in the midst of all the chaos and emotion that is represented in market trading action. If prepared and have a plan in place, then stay calm and focus on that plan, more likely to hear what the market is telling usand thereby make good trading decisions. Again, our experience shows that if let our emotions get involved or lose focus, begin to make questionable decisions and reduce the likelihood of trading profitably.
5. High-reward/Low-risk setups
You can only profit in trading if, over time, your winners are larger than your losers. A key element to achieving that is focusing on trade setups that offer significantly more reward than risk. Starting with a handful of good ideas does not guarantee success in trading, but it does make it more likely that a trader will be able to enter a trade at the point where the risk is low and the reward potential is high. There is a lot more to trading than starting with the right ideas, but it is necessary to start with those ideas if you want to trade profitably. Of course, the point of our premium service is to help you focus on good ideas.
6. Consider the counter argument
Traders like to consider what the argument would be to take the other side of a trade that planning because that helps usthink more clearly about what could cause the trade to go against what expect. Because our style is to trade stocks as they begin to trend one way or the other, it helps to ask ourself what factors might help prevent a stock from sustaining a move once it begins, and in doing so, can second guess whether or not the environment is right for that stock to begin a meaningful trend. Any trader knows that the outcousof a trade is highly uncertain at the point the trade is initiated, but considering the factors that tend to support or refute the idea of a sustained move helps the trader make a more informed decision.
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