Note: Stock trading requires a personalized trading strategy
*A method that specifies the type and amount of patience
*Entry and exit points
*Your customized psychology plan
*Risk management program based on your personality
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Trading Rules:
CONTINUE WITH TRADES THAT SHOW YOU A PROFIT, END TRADES THAT SHOW A LOSS:
You’ll probably end up with more than one active trade at most of the times. In those cases it is important to remember to stay with your winners.
For most traders it is too difficult to take a loss. First they take their profit on a winning trade. And hold on to the losing trades.
Hoping that those losing stocks will turn around and change in a profit.
Off course hope is not a strategy for the stock market.
And hoping that a losing stock is going to turn around is just foolish. Don’t try to fight the market.
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