Home Trading Strategies Stock Trading Tips That Work

Stock Trading Tips That Work

Stock Trading Tips That Work

okay so we have come a long way in this stock trading course and before I end right I just want to share with you a few stock trading tips to get you started in your stock trading career the first thing that I have for you is don’t chase the markets alright doesn’t matter whether you’re trading stocks forex or futures right as a trader is new trader right there is always this legend you write to chase the market where you know the market breaks up higher the candle is so big it’s so bullish and you you want to buy it because you think that man right it’s going up forever I didn’t if only I can just catch a piece of the move right that’s what you probably you know think and trust me whenever you see this type of price action where the market is hugely bullish right candles are big right there’s usually the worst time to enter the trade so that’s what I mean by don’t chase the markets so if you want me to give you a visual illustration it would be something like this mark its C it’s a range then it breaks out higher like this like this you know goes up here and you’re tempted to buy and this highs over here because you know the market is so bullish the candle is so Green right it has to go up some more then you you think yourself man I’ll just you know get one small piece of the move that’s all I ask for and trust me when you buy over here that’s usually when the market collapse maybe the that’s a pullback or a reverse completely so really I first did my hair for you is that don’t chase the market really okay second thing I have for you is start small so I don’t know how much money you’re gonna start with right maybe you have a $50,000 to to speculate in the markets and my suggestion is don’t risk that fool $50,000 I mean when you trade stocks are you doing it fifty thousand dollars to get started I think nowadays with the different types of broker out there right my you know letting you buy one or two shares or even you know Commission free treats right you can start with as small as like me ten thousand dollars or even five thousand dollars okay so start small don’t risk your full risk capital because at the start even make plenty of mistakes maybe instead of buying you hit sell maybe you buy the wrong stuff you buy a say Apple AAPL enemy buy another stock symbol which is maybe call a AP you miss out the L so really start small make as many mistakes as possible it’s totally fine right when you write bicycle you’re gonna fall a few times when you trade stocks you’re gonna make mistakes you’re gonna lose money and stunts same thing so if you start small right your tuition fees it’s kept smoke right why do you want to you know pay say for example $10,000 for trading lesson when you can actually paid that same lesson for like maybe three or four hundred dollars so start small so your tuition fees is kept small and you know you have more money later on right to scale up your account when you’re confident and when you’re ready thirteen risk-management first so as you start in your training journey right you will be overwhelmed trust me I’ll be lying if I say that you know if the trading is simple no you will be overwhelmed there is a lot of information out there and you’re probably will you know hop from one trading system to the next maybe you tried a trading swing trading position trading mean reversion trend-following momentum trading you try everything in anything but the one thing that you must not be glad it’s a risk management right you can try all the fancy systems that you run out there right till your heart content but remember your risk management comes first because thing about this right if you have proper risk management in place no matter what trading strategies that you trade right even if flops it fills it profits right you will not blow up your trading account because each trait that you risk right is only 1% or smaller right so each trait even if you lose right it’s just a loss of 1% to your trading account it’s not something that would destroy you you can still leave to you know train another day so no matter what right emphasize on risk management first if you explore the different trading systems and methods out there feel free to go ahead but don’t forget your risk management comes first play good defense right like Paul Tudor Jones sit right you know I’m not sure what’s the exact lines but you know trading is all about playing good defense good defense and good defense so don’t forget that and the last thing on the share is that you know look at what the index is doing so for example let’s say you are trading the stocks in the S&P 500 it would make sense to track right what is the trend right on the S&P 500 kind of to serve as a trend filter for you to know whether you should be buying or you know staying in cash so if you think about is right there’s the same right a raising titer a rising tide raises all boats and it pretty much the same for trading leave the stock market the broad-based indexes in an uptrend chances are stocks will be in an uptrend if the broad-based index like the SMP 500 is a downtrend is in a recession more often than not right more stocks will be in a downtrend so one way to do kind of know improve your trading results right is to you know trade along the path of least resistance look at what the broad base index is do it right and then trip in the same direction of it so one tip that I have for you is that if the SMP 500 is above the 200-day moving average then you look to be a buyer looking to buy stocks if the SMP 500 is below the 200-day moving average then you stay on the cash you don’t buy stocks at all because you know the strengths or rather the trend of the SMP 500 right it’s not up right it’s maybe it’s in a downtrend or as you know is choppy whatever the cases are in the 200 ma can serve as a filter for you to know whether you should be buying stocks or holding in cash okay so these are the four tips that I have for you there’s a lot more right Marilee there’s no point trying to overwhelm you I would say these are the four one of the most important ones that I hope you know you take away from this entire stock trading course all right I know it’s a lot that has been covered feel free to you know go through the earlier lessons and materials if you need to and really right for those of you who now want to you know learn more about my trading methodology my approach right you what you can do is go down to my website over here trading with Rainer comrade this is my website and on this website this blog I pretty much share everything I know about trading right so for example we spoke about trend following earlier how do you actually write the trends in stock this guy over here will teach you how to do it right the ultimate trend following guide it’s free just click this orange button and I’ll send it to your email address for free and for those of you who want to learn more about technical analysis price action support resistance you know candlestick patterns then this guide over here the ultimate guide to price action trading is for you just click this orange button over here and I’ll send it to your email address for free as well okay so it has been a great time I’ve enjoyed right producing this stock trading course for beginners so if any feedback questions just leave it below and I’ll do my best to help so we that’s it I wish you good luck and good trading I’ll talk to you soon you


Please enter your comment!
Please enter your name here