It’s no secret that trading is one of the hardest endeavors you will ever undertake. 90%+ of the people who try this do not succeed. So what do the winning traders do that the rest don’t? Winning traders develop winning habits. Here are 5 habits that every successful day trader does. 1. Wakes Up Early …
We have seen a major shift in the market environment in the past couple weeks. The Dow has dropped over 10% in the last 9 days and has had intraday drops as large as 4%. No one knows if this will be a lasting trend in the markets, but it certainly is causing a lot …
Emotions are an inevitable component of human trading. Emotions get in the way of being able to see the market from an objective standpoint. Therefore in order to have successful trading as a human, you need to understand how to prevent emotions from becoming a major factor in your trading decisions. This is especially important …
Read moreMomentum Stock Trading Tips: How To Prevent Emotional Trading
“Money is made by SITTING. Not TRADING”.- Jesse Livermore, Reminiscences of a Stock Operator. One of the biggest reasons 90%+ traders fail is because they overtrade, and think they need to be in everything that moves. Here are 5 things that you can do to prevent overtrading and eliminate boredom trades. Always Remember: Being Flat …
A massive trading loss is a devastating experience. The trading loss could be the result of stubbornness and indiscipline, where you didn’t obey your stop loss, you averaged down, and it kept going against you. Sometimes it can be from bad luck. Whatever the reason might be, it is always a huge blow to your …
The cryptocurrency craze in 2017 has not just been affecting the cryptocurrencies themselves. Stocks that have been associated with the cryptocurrencies have been seeing the same and sometimes even bigger momentum than the cryptocurrencies themselves. So what do you need to know to capitalize on the momentum in blockchain stocks? What Is A Blockchain Stock? We …