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:
DON’T BECOME AN INVOLUNTARY INVESTOR BY HOLDING ONTO STOCKS WHOSE PRICE HAS FALLEN:
When your trade is not working out and your position shows a loss it is hard to cut it.
For us human beings it is extremely difficult to accept our faults. Especially when they’ll cost us money.
But don’t be tempted to turn a trade into an investment by holding onto stocks.
If you’re looking for investments you should have started with a different set of criteria. You started with a trading view of point.
Is the stock not confirming your thesis? Get out of it instantly. Learn from it and start looking for the next opportunity.
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