Article: A Disciplined and Organized Approach to Trading in the Stock Market

A Winning Approach to Trading in the Stock Market:

Many traders lose simply out of ignorance. They base their trades on hunches, news, or tips from friends, and do not define specific risk and profit objectives before placing trades. Others have the merit of educating themselves but fall victims of their emotions. They hold on to losing positions hoping they will turn into winners and sell winners by fear of losing a small gain. They over trade to fulfill a need for action or by fear of missing out.

The consistent winners follow a winning approach:

1. They have a strategy to enter and exit trades
2. They use good money management
3. They take consistent actions, they follow a trading plan
4. They keep good records so they can review their actions
5. They avoid over trading
6. They have a winning attitude

A strategy to enter and exit trades:You need to a strategy to put the odds in your favor for each trade you take. Your strategy should be as objective as possible and include the following elements:

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Submitted May 24, 2018 at 02:41PM by Floogieltradingco https://ift.tt/2s9IQUF