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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 many trading programs but they stopped working because of algorithms. You will have many books explaining about algorithms but for now let's stick to the basics. consider the stock trading as the real business and have a plan to read the current happenings in the market.

That's why most people spend very less time with trading. They move to scalping and it works. all you need is to check the 5min charts or 1min chart , look for the right opportunity then buy or sell with higher volumes. You will find these trades done by algorithmic robots these day and it's not manual. To compete with super fast robots seems a distant dream for an ordinary trader!

start learning to read the charts and use the technical indicators. If you are happy with one technical indicator, you are good to go. Having more technical indicators is like having a big meal for dinner. you ordered a lot of foods from uber eats but don't know which one to eat. Using the less resources to gain more is fantastic.




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