If you want to be successful in stock trading and investing in general, you need to understand the importance of and adhere to a set of rules that have guided all types of traders, with different trading account sizes. Every rule alone is an important one, but when you use them all together the effects are life changing.
Trading with these rules can greatly increase the odds of making money in the stock market. Very successful traders have a carefully thought out trading system with specific rules to maximize their odds of success. If you're interested in becoming an active trader, BullsToBears.com's Trading Program will teach you everything you need to know to get started. You'll learn the basics and how to develop a trading plan that aligns with your risk and financial goals.
Think of it as a continuing education - traders need to remain focused on learning more each and every day. It is important to understanding the markets, and all of their intricacies, is an continuous lifelong process.
Great research allows traders to learn the facts, like what the different economic reports mean. Focus and observations allow investors to gain instinct and learn the nuances. This fundamentally helps traders understand how economic data affect the markets movements. Politics, world events, economies, tragedy - including the weather - all have an dramatic impact on the stock market. The market environment is dynamic.
An unsuccessful trading plan is a serious problem that needs to be addressed. It should not necessarily be the end of your online trading dreams.
Here we have outline 10 rules every trader should follow to survive the long haul. These are everyday Rules That Work! To be successful, traders need lots of encouragement, support, and practice in applying these habits, these rules to a wide variety of trading situations.
Simply apply and adapt these 10 simple rules and you will make more money trading!
1) Be flexible and go with the flow of the markets price action, stubbornness, egos, and emotions are the worst indicators for entries and exits.
Simply apply and adapt these 10 simple rules and you will make more money trading!
1) Be flexible and go with the flow of the markets price action, stubbornness, egos, and emotions are the worst indicators for entries and exits.
2) Understand that the trader only chooses their entries, exits, position size, and risk and the market chooses whether they are profitable or not.
3) You must have a trading plan before you start to trade, that has to be your anchor in decision making.
4) You have to let go of wanting to always be right about your trade and exchange it for wanting to make money. The first step of making money is to cut loses short the moment it is confirmed that you are wrong.
5) Never trade position sizes so big that your emotions take over from your trading plan.
6) “If it feels wrong, don’t do it.”
7) Trade your biggest position sizes during winning streaks and your smallest position sizes during losing streaks. Not too big and trade your smallest when in a losing streak.
8) Do not worry about losing money that can be made back worry about losing your trading discipline.
9) A losing trade costs you money but letting a big losing trade get too far out of hand can cause you to lose your nerve. Cut losses for the sake of your nerves as much as for the sake of capital preservation.
10) A trader can only go on to success after they have faith in themselves as a trader, their trading system as a winner, and know that they will stay disciplined in their trading journey.
As always were here to help you become a better trader not only help in placing great trades. If you need help with your trades just contact Bulls to Bears today and get your investment plans back on track.
Remember to sign up for more exclusive trading tips, tricks and secrets by joining our FREE newsletter here.
As always were here to help you become a better trader not only help in placing great trades. If you need help with your trades just contact Bulls to Bears today and get your investment plans back on track.
Remember to sign up for more exclusive trading tips, tricks and secrets by joining our FREE newsletter here.
