http://www.earnonautopilot.ws/Stock_Trading_Robot.html
Watch Over My Shoulder As I Make $6082.60
Using My Automated Stock Trading Robot...
Read the amazing 'tell all' story... And discover how you too can earn $200, $300 or even $500+ each morning, with your own 'Automated Stock Trading Robot'!
stocks, stock trading, trading stocks, trading, forex, day trading, day trading robot, make money, money, stock market, automated, auto pilot, work from home
Stock Market Trading and Stock Investing
I believe successful stock trading is three parts science, two parts art and one-part luck. The science can be learned by studying. The art either comes from within or through experience. And the luck -- well, take it when it happens.
NEIL MURRAY
Trade with the market, not against it. Don't be a hero. Go with the money flow.
The following 15 golden rules of stock trading are common knowledge amongst professional traders on Wall Street, but may not be so common to average investors who like to trade a small portion of their portfolios.
While nothing is guaranteed in stock trading, these basic rules should help you to avoid some common mistakes:
If you cannot afford to lose, you cannot afford to win: Losing is a natural part of trading. If you are not in a position to accept losses, either psychologically or financially, you have no business trading stocks.
Find the trend: Whether bullish or bearish, you need to know which way the wind is blowing. Go with the trend, but be prepared for a reversal at some point and protect your downside with a stop loss order.
Cut your losses short: The basic failing of most investors is that they put a limit on their profits and no limit on their losses. Successful traders generally have more losing trades than winning trades. They acknowledge mistakes, and are quick to realize losses.
Let your profits ride: The old adage "you never go broke taking a profit" is poison amongst professional traders. Taking small profits is the surest way to never realize a big profit. The real money in trading is made from the one, two or three large trades that develop each year. Stay with a winning trade and avoid the temptation to sell out prematurely if the trend is still in tact.
Buy strength and sell weakness: The public buys when stock prices have fallen. The professional buys because prices have rallied. The rule of market survival is not always to "buy low and sell high," but to "buy high and sell higher."
Never add to a losing trade, or "average" into a position: If you are buying, then each new price must be higher than the previous purchase price. If you are selling, each new selling price must be lower. This rule should be adhered to without question.
Don't trade on rumours, tips or inside information: Wait for the market to tell you if the information is accurate, then take a position in the developing trend.
Think like a guerrilla warrior: Fight on the side of the market that is winning, rather than wasting time and capital on futile efforts to gain fame by buying the lows or selling the highs of some market movement.
Don't chase momentum if you can't find the exit: Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.
Add to trades on minor corrections against the trend: In bull markets, add to your trade on minor corrections back to support levels. In bear markets, add on corrections into resistance.
Be patient: If a trade is missed, wait for a correction to occur before putting the trade on. Once a trade is on, give it time to work; allow time for others to see the merit of what you saw earlier than they.
Trade with the market, not against it: Don't be a hero. Go with the money flow.
Broker/client psychology must be in tune: If they aren't, the broker and client should part company early in the program.
If you're not sure, don't trade: If you're in a trade and feel unsure of yourself, take your loss or protect your profit with a stop loss order.
Beat the crowd in and out the door: You have to take their money before they take yours -- period
stocks, stock trading, trading stocks, trading, forex, day trading, system, day trading robot, make money, money, stock market, automated, auto pilot, Investing, stock market work from home
<< Back to article
