I have spent a lot of time in the stock trading community. If there is one thing I have learned, is that lot of people think their trading method is the right and only way to trade stocks. At the end of the day though, as long as your method is making profitable trades that [...]
Repetition is an important aspect of trading stocks. You do things over and over again. The same can go for trading particular stocks. A watch list allows you to build a list of stocks and constantly keep track of them. There are many reasons for why you would want to do this: Find out when [...]
There are so many different ways to trade in the stock market, and, with this, means so many people offering their own stock recommendations. While you are obviously free to follow whomever you choose, how do you know if that “analyst” is choosing the best stock for you? The following is a list of things [...]
Why do most traders trade options? To insure a stock position like they tell you in option school? Not likely. Most traders trade them because options provide leverage. Granted, option leverage can be used to protect a stock, but probably, traders use options for leveraged speculation. With options, a trader can control a bigger position [...]
1. Stick to the rules. Believe it or not this is the hardest rule. The trader will keep breaking this one time and time again. As I have mentioned recently, every time that I have strayed away from my trading plan I have always lost money. 2. Diversify. Don’t have all your eggs in one [...]