How To Finally Start Profiting Fromby Mohemmed Elarby Web Designer,seo,Marketing,
How To Finally Start Profiting From Trading The Stock Market Recommended Features
- Stock Market
- Start Profiting From Trading
Review on How To Finally Start Profiting FromAfter 15 years of actively trading the stock market, here are 6 things I have learned that will help you to become a far more consistent, more profitable trader.
1. Only trade fast-moving trends.
Our ability to profit from the stock market depends more on this decision than any other: ONLY trade long-term, fast-moving trends.
The results of your trading depend less on which stocks you trade, and more on how quickly those stocks are moving from one price level to another.
Fast-moving trends allow us to accumulate profits quickly. Its as simple as that.
2. Only buy stocks that show promise.
The second most important decision is this: You should ONLY buy fundamentally sound stocks that are also trending higher, because they present you with the safest buying opportunities.
Buying a stock just because it is going up can work out well for you. For a while.
However by limiting your purchases to stocks that are both fundamentally sound AND rising in value, your potential for building a profitable, long-term trading business is multiplied many fold.
3. Use a proven entry trigger.
Regardless of the fundamental outlook for a stock, or whether it is trending higher, always wait for a proven entry signal before committing your funds.
A candlestick charting signal such as a Bullish Engulfing pattern is a classic entry trigger, and is something you can often rely on to get you into up-trends.
4. Confirm the up-trend.
By drawing a 20-period simple moving average on your charts, you have a simple method for determining the trend.
Never buy or hold a stock that is trading below a 20 period simple MA. For clarity, I colour mine GREEN in an up-trend and RED in a down-trend.
5. Take profits.
Trading profitably means we must take profits. However taking them too early means we can leave a significant amount of money on the table unnecessarily. To lock in profits, use what I call the Thin Blue Line indicator.
The Thin Blue Line Indicator is created by drawing a blue,
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Created on Jul 12th 2016 07:54. Viewed 427 times.
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