SB would like to share about trading. Many people think trading is the easiest way of making money in the stock market. But why there are many market traders end up losing money in the market? The answer is very simple because there are many people don't really understand the rules of trading but they just play it blindly.
If you don't understand it, the market will wipe you out. So, this is what happened. Trading is like a game. If you want to win the game, first of all you have to understand rules of the game.
INTEREST -> UNDERSTAND RULES OF TRADING -> DISCIPLINE -> FIND SUITABLE TRADING METHOD WHICH SUIT YOU -> MAKE $$
Based on SB experience, these are few things that traders need to pay attention.
-The first few hour of the trading day is always driven by emotion which affected by overnight movement in the US market. Most of experience trader will simply watch the market for the first half day of trading and wait for subsequent trading breakout.
-Understand whether market is in uptrend/downtrend or consolidating phase. We need to understand trend. REMEMBER, when you make mistake, admit it. There is time for you to cut your loss. It's painful though. :)
- Ride with the profit, Cut your loss. Most of people prefer to ride with loss and cut their profit. As a trader, we should not book profits too early in order to enjoy the winning feeling.
-Keep yourself up to date to the latest news. Small investment will lead you to huge profits. :)
HUAT HUAT HUAT HUAT HUAT ARH!!!!!!!!!!!
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