Professional trading tips for beginners
ProfitsOnly
()
Medlem sedan Aug 23, 2020
142 poster
Oct 02 2020 at 16:46
1. Leave your emotions behind;
Emotional control is the most essential factor in playing the market. Never lose control of your emotions when the market moves against you. Don’t get too confident over your wins or too despondent over your losses
2. Never follow the crowd;
Be fearful when others are greedy, be greedy when others are fearful”
Oftentimes market hype is brought about by the media creating buzz around some financial news that were not yet thoroughly analyzed. At these moments, it is very hard not to jump on the bandwagon of overexcited traders and start buying stocks that everyone is talking about.
Later, when it turns out that this was nothing but a hype, you don't want to be one of those traders who are struggling with selling the stocks for close to nothing when the hype is over. The best example to illustrate Buffett's quote would be the notorious Dotcom crash that left countless number of traders with devalued stocks.
3. Trading is not only about graphs
Everyone would agree that investing involves much more than simply buying some stocks. Indeed, by entering the world of trading we involuntary delve into politics, economy, ecology and financial markets, learning more about what is going on in the world than we would ever expect.
But the trick is that it works the other way around just as well: the more you know about the world, the better you invest. That's why when you are thinking about making a new investment into a company, try to analyze their business as thorough as you can. The time you invest in this step will pay off later.
When analyzing a graph, never neglect the news section that goes together with it. Lots of important information can be hidden there.
Emotional control is the most essential factor in playing the market. Never lose control of your emotions when the market moves against you. Don’t get too confident over your wins or too despondent over your losses
2. Never follow the crowd;
Be fearful when others are greedy, be greedy when others are fearful”
Oftentimes market hype is brought about by the media creating buzz around some financial news that were not yet thoroughly analyzed. At these moments, it is very hard not to jump on the bandwagon of overexcited traders and start buying stocks that everyone is talking about.
Later, when it turns out that this was nothing but a hype, you don't want to be one of those traders who are struggling with selling the stocks for close to nothing when the hype is over. The best example to illustrate Buffett's quote would be the notorious Dotcom crash that left countless number of traders with devalued stocks.
3. Trading is not only about graphs
Everyone would agree that investing involves much more than simply buying some stocks. Indeed, by entering the world of trading we involuntary delve into politics, economy, ecology and financial markets, learning more about what is going on in the world than we would ever expect.
But the trick is that it works the other way around just as well: the more you know about the world, the better you invest. That's why when you are thinking about making a new investment into a company, try to analyze their business as thorough as you can. The time you invest in this step will pay off later.
When analyzing a graph, never neglect the news section that goes together with it. Lots of important information can be hidden there.
ProfitsOnly
()
Medlem sedan Aug 23, 2020
142 poster
Oct 04 2020 at 03:03
Welcome mate.
ElliotCooke
Medlem sedan Jul 20, 2020
341 poster
Oct 18 2020 at 21:04
Very nice and informative post. It will help all the new traders who are thinking to invest in this risky market.
LeviSievwright5
Medlem sedan Jul 20, 2020
289 poster
Oct 19 2020 at 01:23
Your words are true, and if no one can accept this truth, he will never succeed in trading. Thank you very much for providing this important information to beginner traders.
GeorgeBischof
Medlem sedan Jul 19, 2020
318 poster
Oct 24 2020 at 16:01
TraderAngolan posted:
1. Leave your emotions behind;
Emotional control is the most essential factor in playing the market. Never lose control of your emotions when the market moves against you. Don’t get too confident over your wins or too despondent over your losses
2. Never follow the crowd;
Be fearful when others are greedy, be greedy when others are fearful”
Oftentimes market hype is brought about by the media creating buzz around some financial news that were not yet thoroughly analyzed. At these moments, it is very hard not to jump on the bandwagon of overexcited traders and start buying stocks that everyone is talking about.
Later, when it turns out that this was nothing but a hype, you don't want to be one of those traders who are struggling with selling the stocks for close to nothing when the hype is over. The best example to illustrate Buffett's quote would be the notorious Dotcom crash that left countless number of traders with devalued stocks.
3. Trading is not only about graphs
Everyone would agree that investing involves much more than simply buying some stocks. Indeed, by entering the world of trading we involuntary delve into politics, economy, ecology and financial markets, learning more about what is going on in the world than we would ever expect.
But the trick is that it works the other way around just as well: the more you know about the world, the better you invest. That's why when you are thinking about making a new investment into a company, try to analyze their business as thorough as you can. The time you invest in this step will pay off later.
When analyzing a graph, never neglect the news section that goes together with it. Lots of important information can be hidden there.
Very nice writing. It will help many traders to make their decisions easily.
Barbara Wright
(barbarawright)
Medlem sedan Jun 10, 2020
37 poster
Oct 26 2020 at 06:45
That’s true. You must not let your emotions come your way. It won’t take you long.
Michihito
Medlem sedan Jul 19, 2020
272 poster
Oct 27 2020 at 12:16
Most of losses happen in trading by emotional decisions. You need to control your emotions while trading. It is a difficult task but possible. It requires time. No habit develops overnight. We need determination and dedication.
UweMoench
Medlem sedan Jul 19, 2020
278 poster
Oct 27 2020 at 13:25
Very informative input. Yes following crowd makes a trader restless. All the day he keeps searching what others are saying about the market. It reduces their own judgement ability which is bad for learning.