Being a private trader who has been consistently profitable for many years, I often get questions from friends and acquaintances about the best stocks to buy now. Whenever the markets are performing poorly, this question changes to: How do I select the best stocks to buy or trade in this environment?
I have often given the same answer to these questions regardless of how markets were performing in that period. My response has always been: The question about which stock to buy comes much later; first, one needs to ask whether they have a trading strategy with a proven track record or a proper plan regarding how they will approach their stock trading journey.
Trading is like any competitive sport where your competition doesn’t tell you what you should be doing. However, there is a proper regimen and training that, if followed, can help you get way ahead of the competition. At Enlightened Stock Trading, we teach you that.
If anyone is telling you that they can tell you the best stocks to buy at any time, run away from them as fast as you can. We don’t tell you what individual stocks to buy or sell or, for that matter, which crypto to buy. Instead, we help you develop a probabilistic, math-driven mindset with which you can decide for yourself which stocks to buy and which to avoid. We believe in systematic trading, i.e. creating a trading strategy, backtesting it and then deploying it to get long-term market-beating results.
Our Trading Q&A videos and articlesin this collection help you find answers to common questions that most traders, whether discretionary or systematic, have. If you, until now, have only taken discretionary trades based on your gut feeling or by asking other people what stocks to buy, my advice would be to consider systematic trading.
Creating a trading strategy from scratch is not as hard as you think. You can accelerate your learning journey and get access to multiple FREE trading resources by clicking here: https://enlightenedstocktrading.com/free-online-stock-trading-courses-training/
If you have any questions about trading or how to develop a winning trading strategy with a proven edge, you can subscribe to our channel and post your questions in the comments. You can also ask me questions directly here: https://enlightenedstocktrading.com/learn-stock-trading-critical-concepts/learn-stock-trading-ask-me-anything/
But please make sure your question is not: what stocks to buy right now? 😊
It depends on the trading system and the markets that you are trading. The primary principle is to have a level of slippage and commissions in your backtest that represent what you would get in real life. So if you had a system that traded Australian small-cap minors...
Amibroker is the best value for money trading software on the market since I use it on my stock trading and even crypto trading. I did a big scan of all the different backtesting platforms, and it has the best functionality for the money you have to spend on it. It's...
Has anyone done it? Does it work on trends? Does it stop me from giving back profits?I have spent months of my life using a parable to create an amazing exit that captures the profit through trends but doesn't give it all back. When I first started, I was obsessed...
Yes. As a new trader, there are a couple of important things for you to make money trading. First, you have to have a set of profitable rules. If you don't have profitable rules, you won't make money. Second, once you've got a set of profitable rules, you have to have...
In this interview with Adrian, you're going to learn all you need to know about stock trading. Here are the questions covered in this interview: What does it mean to become a trader after having an investment portfolio and wanting to learn more? What do you want to go...
For Answers To More Stock Market Questions Click HereWe're trading for one specific purpose, mostly to make money. But the flip side of that, if we get it wrong is that we lose money. And when we're placing a trade, the fear comes up in three places. The first time...
For Answers To More Stock Market Questions Click HereThe first thing is being consistently profitable, and the second thing is having the discipline to stick to your system. I want to be clear that trading is not like a day job, compared to going to work, getting...
For Answers To More Stock Market Questions Click HereA big part of this rests in your trading psychology and confidence in your trading system, but there's another part that all of us as traders have slightly different psychology. I'm a fairly patient person, I don't...
For Answers To More Stock Market Questions Click HereWhen you design your system, you have to know what your exact entry rules are. We often focus on the indicators, but we miss the execution. I don't look intraday, I only look at daily charts. When I'm trading end of...
For Answers To More Stock Market Questions Click HereThere are many ways to actually be profitable trading stocks in the market but what you need to understand is that there's no magic indicator, there's no rule that is universal. There are rules that work and there...
For Answers To More Stock Market Questions Click HereIt all comes down to your psychology, which is rooted in the confidence you've got in your system and your rules. If you're finding that when you're trying to place trades, you've got impulsive reactions like "Oh,...
For Answers To More Stock Market Questions Click HereIf you want to make money consistently, you need systems that will make money from different types of market conditions, bull markets, sideways markets, bear markets, and volatile markets, quiet markets. And you...