If your stock trading is keeping you up at night or causing you stress then there are two things that you need to do. Bull markets and Bear markets are not something we need to fear as traders… they are just something we need prepare for!
If your stock trading is keeping you up at night or causing you stress then there are two things that you need to do. Bull markets and Bear markets are not something we need to fear as traders… they are just something we need prepare for!
One of the most important Stock Trading Tips is that you cant win if you fight the market. To profit consistently in your trading you have to see what the market is ACTUALLY doing and respond accordingly… Too many traders wait for the market to do what they THINK is should be doing… this is a catastrophic trading mistake.
Why you can’t ONLY rely on a backtest when testing your trading systems… Only watch this if you want to avoid blowing up your account!
In order to make money trading, you need to allow your winning trades to grow rather than as soon as you get a profit snatching a quick profit and closing that trade out. If you snatch the quick profit and close the trade out, you guarantee that you’re going to get a small win. Trouble is when you get a loss, that loss is always going to be bigger than that small win that you’ve managed to capture.
Have you had trouble getting used to trading with a new trading strategy or trading system? This video will help!
The vast majority of traders don’t give enough consideration to things that can go massively wrong in their stock trading. This is the biggest reason why I am still profitable after over 18 years trading and I have never blown up an account.
I have been developing trading systems for over 15 years and today I had to throw away 4 different systems I was working on because they didnt make the grade… but the effort paid off because my fifth system idea was absolute GOLD.
The frustration and satisfaction at the end reminded me that these three things are critical for you to be successful as a trading system developer. This is true regardless of whether you want to trade stocks, futures, forex or cryptocurrencies!
You need to immerse yourself in trading books as well as YouTube videos so you get a coherent learning experience.
The trading industry is hell bent on getting you to daytrade so that they make more commissions and can charge you higher fees for all of the real time services… Here are some important reasons to think differently about your trading strategy.
Designing and backtesting stock trading systems is a subtle art… many traders focus on the wrong metrics when they are optimizing and refining their systems. Make sure you are not among them!