At StocksEdu, we believe that everybody can be a stock marketer and a stock trader.
We know that investing and trading in the bullseye market isn’t a cup of tea for everyone. So, we at Stocksedu aim to break a taboo and bridge this gap between your share market knowledge and high earnings.
People come with lots of dreams in the share market but unfortunately lack of knowledge only few of them succeed and it’s not only the share market every business/jobs have success and failures.
The most common mistakes we make in our life is without gaining the knowledge of that specific sector , business we jump into it and then have to face the hurdles and kind of failure and it’s not done . After failure people quit that specific job or business without knowing the reality of failure and that’s called the “Looser”.
Don’t be a loser in your life !! . If you have ever failed in the share market dont worry its the right time to understand the reason or facts behind the losing point and work on them to become a successful trader of Investor in the Share Market.
Here are some of the Rules if you follow while investing or trading in the share market you can gain a decent return and become successful in stock trading or investment.
Always Prefer A Proper Trading Plan – Before applying any trade you must have a robust plan i.e do proper technical analysis. There are many technical ways to identify the trade and one of the best methods I have ever experienced is using the simple demand supply and price action theory using the candlestick Chart reading techniques.
After analyzing, enter in your trade and stick to the plan or strategy. Sometimes people enter a trade and use it to book the profit before it reaches the target and keep the loss open after the stop loss point is triggered. One of the biggest mistakes which needs to be corrected if you want to achieve the heights of success.
Also, If you are not ready with the trading plan don’t jump into the random trade no matter at the end whether its giving you profit or you win the trade because it will change your mentality and without a trade plan you will start deploying too many trades and at the end it will be a huge failure.
Treat Trading As Your Business – To be successful you have to devote a good time in trading and treat it as business no matter if it will be a part time or a full time source of Income. Trading is not a hobby so stop trading if you are doing just for fun.
If you treat trading as your hobby you will not be committed towards learning. If you treat stock trading as a job then it can be frustrating sometimes because you won’t be paid a regular cheque on a specific date on the other side if you treat it a business then there will be some expenses , taxes, risk some stress and profit and loss. But the good part is every loss in a business will be a learning and area of improvements .
Treat trading as a small business and you can enhance it to X times .
Get Benefited or Take Advantage from the Latest Technology – In the world of technology lets utilize and adopt the technology and get benefited from it.
Always keep in mind that the person on the opposite side is also a skilled trader and utilizing the full benefits of the technology so adopt the charting technology and make your game plan according to the. Now a days with technology you have lot of data to do research and implements and all you know “ History Repeats itself “
Don’t Lose your Trading Capital – Generating or saving enough money to invest in stock trading took a lot of effort or time no matter if it’s you or your family.
Now, this doesn’t mean that everytime you will be successful in your trade and loss might not happen but whenever you are losing you must know the risk and the percentage of that loss. Avoiding Unnecessary trades can also help to protect your capital and help you to move toward the successful or winning ratio.
Always be a student of the Market – It means keep learning and adopt good things from the market. Every year , every month , every hour you can learn something new from the market so be a learner no matter how much experience you have in this and how much success you have achieved in the share market.
World politics , different events , financial changes and even the weather can impact on the stock market so be in touch with what’s going around the globe and then using the technical you can set your future game plan in the market.
Don’t Be A Greedy (Always Follow Proper Entry/ Stop Loss and Target) – Some good continue winning trades make people overconfident and here comes the greed comes in the mind and people start ignoring the proper entry , stoploss and the target.
You have to change your mindset no matter how good a winning ratio you have but dont forget the rules of proper entry, stop loss and target. Don’t be over bullish or bearish in the market, become an opportunist in the market.