Stock market for beginners
Separate the good from the great. Successful trading is about managing trades regardless of where they came from. I think a great trader could probably turn a profit taking random trades, as long as he manages them well.
Take advantage of the swings in price of different stocks each day. Make several trades each day and have each position closed by the end of the market day. Active traders who enter and exit several positions in any given day tend to maximize their profits while minimizing their exposure, thus limiting their risk. . It takes a great deal of experience and thought, but by using the proper perspective, gaining extensive experience, and honing your trading skills, you can break away from the masses, and trade consistently and profitably. Each day, each challenge, each experience, each encounter has made you more knowledgeable, more capable, and more effective. When trading, your aim is to make a quick profit. Not every trade you make will be a winning trade, so you must make sure that you make more money from your winning trades than you lose with your losing trades.
Understanding the inner functions of your trading strategy(s) and proper placement of buy and sell orders will assist in limiting your risk exposure while maximizing your profit potential. One of the secrets to investing is learning your own trading method(s) that work for you. Some investors just follow blindly because they are unsure of what to do. They buy stocks based on half-truths and rumors and end up losing a lot of money. Some investors want to make money, but they want to make fast money. So they take short cuts and refuse to improve on their trading knowledge. Instead, they depend more on hearsay and their luck when it comes to investing.
Everything you do well, you’ve learned how to do and you’ve learned how to improve. The powerful thing is, there is no limit to the new and valuable things you can learn. So give yourself a powerful advantage. Choose an attitude, right now, that will illuminate the positive side of buying, and begin right away to reap the great rewards.