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Showing posts from June, 2019

Investing in stocks - the complete course

I found a 11 hour course on udemy everything about stocks. Investing is simple and complex at the same time. We all believe it's too tough but it's easy while we think it's easy and it's the opposite. 10 hours of teaching is more than enough to keep you busy this week. How many hours are you putting into earning more money. I found a course where 37000 students enrolled to the course and it can be fake!! Take time to get this course and practice for 11 hours  ( ofcourse you will have to do more stuff) but as a practice just start with 11 hours to get to complete this course first. Swing trading and positional trading are the two types of trading that we come across, get to learn the methods from this course.  does finding the volatility of stock help you in investing? There are many ideas from investing as they are plenty of books and numerous ways to deal with it. what's the one thing that impressed me from this course? it's not the reviews but t...

How do you pick trades?

How are you making the trades each day? do you prepare earlier and wait for the right time to make a trade? or randomly picking the stocks ?  You should have a scanner before you can start your day. The scanner is  a simple tool where you can input your criteria and pick the good ones for the next day. Most people trade random without knowing the deep of the market and lose their hard earned money. have you practiced reading the chart with naked eye? it does work and you need to practice this art. Selling some products online is an art and similarly trading online is an art. you must have patience and learn how to overcome fear or greed. Most people are worried about their trades and never multi-task. Trading stocks from office is a big NO and never get addicted either, all you need is to trade once or twice each day. It;s more than enough to practice this way for long term. There is no magical screener that can bring you good opportunities before your eyes. There were ma...

Don't change the rules

To trade effectively we need a trading system and it doesn;t mean buying fancy computers with 2 large screens to watch the prices appear in green and red. It means to have a plan and what's your trading plan? We all love this idea of copying other people's plan and believing we can make money quick. It doesn't work that day because you don't understand the strategy fully. Only few people do understand their trades and become successful each time. Do you have a plan or routine? what's your trading routine? it's not just looking at the prices and dreaming to yourself that the prices would move in your favour. We create a plan initially and we would start to change the rules each time, it's not going to work. Because the rules are rigid there is very less dynamic factors to it. If you want to get rich trading stocks, just understand the system.It can take one year to 2 years or more than 10 years. But don't stop the learning process. There are plenty o...

My gut feeling

sometimes we make trades based on gut feelings. No technical indicators and no calculations of risk-reward ratio. Those trades would be awesome and winning ones while some trades taken with care would prove to be failures and it happens. follow the rules and never trust your gut feelings. I followed with my gut feelings and none of them worked. We all forget the support and resistance, it;s the A-B-C of trading stocks. Are you drawing the trend lines. It can help you a lot than the patterns because most of us can't identify the patterns easily. You thought you were right but the market proved you were wrong! move on with the swing trading   because it;s easier than day trading. Do you have enough tools for trading? If not I suggest to buy some of the top tools in the industry or you can enroll to the courses where you can learn the ideas from different traders. bulls and bears are opinions of different people. A person with an opinion and highest volume would win ...