Monday 27 June 2011

5 Free Stock Tips to becoming a Successful Trader

When People look for free stock tips they look for someone to tell them which stock will go up and make them a million dollars. But I’m going to give you something much more valuable, especially when you consider most “Hot Picks” don’t do so well.Luckily anyone can learn to trade the market. And if you are going to trade or invest there are 5 critical stock tips that you must follow.

Here are some  share tips

Control Your Emotions

Being in the market is a constant struggle with your emotions. If your stock goes up even a little you get the urge to sell everything and walk away a proud man or woman with your tinny little profit. If the stock goes down you want to watch it all day as if that would make it change directions.

Emotions are bad (at least when it comes to the stock market) you can’t make any rational decisions when you are obsessed with every little thing. How could you, the slightest tick can bring so many emotions your way, good or bad and make you react differently, stressed, overjoyed, whatever it is.This is one of the key elements that keeps so many traders and investors from making a decent return in the market, in fact, if you can’t control your emotions none of the other stock tips here will help you. But how can you do it? You are human after all.

The best way is to have specific rules that tell you when to get in and when to get out of a stock, and follow them. This will make sure your emotions will have no control over your position. You can only get out once your rules tell you to and not before.

Learning From Bad Trades

We all make bad trades, it can be hard to handle when you have lost some money trading. After all when you are just getting started you aren’t expecting it to happen. The stock market is supposed to make you money right? You’re not supposed to lose the stock can’t go down, that’s the wrong way.Well, unfortunately experiencing losses are a natural occurrence in the stock market. The only thing you can do is learn from them.Whenever you lose money don’t lose the lesson. Learning from your past trades helps you do well with other stock tips like controlling your emotions. When you do have a bad trade don’t consider it a bad trade. Consider it an education expense, you pay for college, the stock market is no different.

 Take A Break

Out of all these stock tips this is the one no one wants to hear, but it’s true. You can’t be involved in the markets every hour of the day. In fact sometimes being involved every day is too much.Take some time off,then let yourself get unstressed. Go fishing, golfing, play pool, do something else that will let you have fun and take your mind off the markets. There are other things in this world then money.It will probably also benefit to your trading in the long run, sometimes it is better to take a break and come back later with a refreshed mind. You’ll be surprised at the results you can get.

Be risk Cautious

Most new traders look at the stock market as a pot of gold. You grab as many golden coins as possible then run off with a huge smile on your face. At least that is how I first imagined the market would be.But it’s not, you’re going to win some and lose some. No matter who tells you otherwise it is not profit, profit, profit, it is profit, loss, loss, profit.

3 comments:

  1. Can I use this article on my blog

    ReplyDelete
  2. Your post really helped me to understand this. It has great details and yet it is easy to understand. That's what i was looking for.

    Free stock tips

    ReplyDelete
  3. good sharing about option,Epic Research has also good option tips which is always search by people.

    ReplyDelete