Nowadays people are engaging especially in trading. They always tend not to trade becauase they are thinking that what if they will encounter bad traders resulting them to get scammed.
Here are some tips to be a good trader:
1.Manage Your Emotions
Successful traders need to make sure that they trade methodically, not emotionally.
2.Learn Everything about the Stocks You Follow
Traders need to internalize all of these dynamics in order to understand price movements and react to news
3.Create a Trading Plan
Before a single real dollar is put at risk, a trader needs to have some idea of how they will make a profit.
4.Don't Hold Positions During High Impact News Announcements
High impact news releases are unpredictable in both how far they may push the price, and in what direction
5.Review Trades Weekly and Monthly
Review is critical to long-term success. Without review sessions a trader can't see the overall picture of what they are doing well and what they are doing poorly.
That's only some few tips that i learned from the internet. Be resourceful and always keep in mind that trading you have also the passion on what are you doing.
Refference:
https://www.thebalance.com/how-to-become-a-better-day-trader-4105136
https://www.forbes.com/sites/benzingainsights/2012/11/21/six-ways-to-become-a-better-trader-for-free/amp/
Topic: How to be a good trader? (Read 104 times)
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