At the start of the year, we look back for the market performance to plan for this year trades. Let’s take stock on what had happen on the market and make the plan and strategy for the rest of 2015. Before you dive in to do this let take a look on some trading myths. Trading is easy. You can get rich quick. Sure! These are the secret for many Master, but not mine.
If you are the website followers, you probably will remember, we share and discuss Trading Secret from time to time. Here is another trade secret. Trading is no child play. Those who does not trade always think trading is easy; just buy and take profit. This is secret, the Secret No 3.
Secret No 3: Trading is Not a easy task! In the bullish trend, buy or long may not make money! First of all, trading is not an easy task. Trading is all about timing; buy or sell you make money; when to take profit and when to cut lose. In fact, buy or sell makes money.
A trader must live a very discipline lifestyle. Trading is like any sport in Olympics, the sportsman exercise, practice daily and trail run regularly; practice entry, take profit, cut lost. Trading is like Olympics games, you want to win. In trading, you, trader of course want to win.
If you are pattern trader, you practice spotting the pattern on the chart every time, anytime when you open a chart. Make a trading plan and decision on the entry and profit taking point.
Thanks for visiting the website.
Moses
DISCLAIMER
Site advice, “Stock trading is not a get rich quick scheme and it is high risk”.
Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should NOT be considered as an offer or enticement to buy, sell or trade.
You should seek advice from your broker, or licensed investment advisor, before taking any action.
The website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids.