October 25, 2014
In addition to all the trading techniques and strategies, one very important question you need to answer before starts any trade. That is the time horizon. Are you an investor or trader? Do you plan to invest nine (9) to twelve (12) months or longer? Are you only interested short term, such as two (2) to six (6) weeks or even much shorter less than a few days? Whatever timeframe you choose, it is important to find out the direction of the market; uptrend or downtrend. Or it is bull or bear market at the moment. Of course, it is wise to buy in a bull market. But, remember bull or bear, buy or sell make money.
If you could not figure out bull or bear market, or uptrend or downtrend, it will be wise to stand aside.
In short, define your trading or investment goal (objective). Although we say let the profit run. This is the fundamental, but no guru covers this topic. Without the right trading psychology, what can happen? Needed to say, you do not when when to pull a break!
Reading more on other postings:
1) Let the Profit Run! Straits Times Index
2) Bull or Bear Market Makes Money, Moses’ Stock Analysis
3) Buy? Sell? There are always profits!
4) Chart Does Not Lie! Keppel Tele & Trans
5) 五个优良习惯
Thanks for visiting the site, AmiBrokerAcademy.com.
Moses
DISCLAIMER
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.
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Trading is personal. You are responsible for your own trading decision.
The comment is the author personal experience. There is no intent for you to believe.