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Published on: 14 Feb 2018 by sanford
“The elements of good trading are: (1) cutting
losses, (2) cutting losses, and (3) cutting losses. If you can follow these
three rules, you may have a chance” says Ed Seykota, a Commodities Trader and
pioneer of Systems Trading.
Although trading is one of the hottest topics
today, most people do cringe at the thought of trading itself. Be it a bitter
past experience or failure to believe in the concept as a whole, trading can
definitely mean different things to different people. But, like most things,
trading isn’t something that needs be ‘difficult’ or ‘confusing’ as most people
term it. You could choose to be as lenient or stringent with trading as you
wish and still enjoy what you do. A good start is to keep a few Stock trading tips and tricks in your mind. Although this does not completely eliminate the
fact that there are a few risks involved, it can help you foresee the concept
in a much clearer way.
amazing trading tips will make sure you
never look at it the same way again:
1. Work on your skills: Although ‘trading’ is not
something that you can actually master, over a period of time you can always
get better by doing it consistently. Your intuition, decision-making abilities
and skills in terms of trading need to be sharpened to make the most of trading
Work on being a patient trader: The stock market will not touch the skies
the minute you start dealing. Understand that large companies (or even small
ones for that matter) didn’t achieve success in the market overnight. Making
sure you go at it consistently and being patient will increase your chances
Make sure your price targets are set high: Determining the level of
profit that is acceptable to you as well as maintaining a stop-loss level is
crucial. By keeping your targets set high, you eliminate chances of potential
losses. This will also keep you determined as you progress higher on the
Keep a little ‘risk money’ aside: Although you may have plenty to shell
out at the moment or even vice versa, making it a decision to keep aside that
small sum for emergencies. This is helpful when the markets suddenly fall and
you may not have that much capital when it does. Also, do not touch this sum
unless you are in dire need of it. You’ll thank yourself for this later!
Don’t be too hard on yourself: Successful trading can be only learned
with experience that comes by, of course, trading. Do not question your actions
if you do not do well. Instead, measure and evaluate your decision and make
sure you do not go by that path again. In such a competitive industry, it means
a lot to be positive, learn consistently and be determined to move forward with
every chance you get.
simple but notable trading tricks will definitely make you a better trader and
investor going forward! Along with it, be attentive, learn from every chance
you get and work on being the best at every stage!