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Stock trading is EASY
You're the one who makes it difficult
You need a rule book to help you out
This is
"The 10 Trading Commandments"
- A THREAD -
You're the one who makes it difficult
You need a rule book to help you out
This is
"The 10 Trading Commandments"
- A THREAD -
Intro
Most people go into a trade without a set of rules
This leads to them buying blindfolded
Their rules will allow them to aim with pinpoint precision
That being said, lets get into The 10 Trading Commandments
Most people go into a trade without a set of rules
This leads to them buying blindfolded
Their rules will allow them to aim with pinpoint precision
That being said, lets get into The 10 Trading Commandments
1.
- Thou Shalt Not Trade Without A Stop Loss -
You wouldn't believe how many people trade without a stop loss
This is a form of protection!
Stop thinking about the potential upside
And start thinking about protecting your potential downside...
- Thou Shalt Not Trade Without A Stop Loss -
You wouldn't believe how many people trade without a stop loss
This is a form of protection!
Stop thinking about the potential upside
And start thinking about protecting your potential downside...
2.
- Thou Shalt Not Trade Against The Trend -
The market can stay irrational longer than you can stay solvent
Let the trend be your friend rather than being it's enemy..
- Thou Shalt Not Trade Against The Trend -
The market can stay irrational longer than you can stay solvent
Let the trend be your friend rather than being it's enemy..
3.
- Thou Shalt Not Bag Hold -
There's a cost to holding a loser hoping you can sell for breakeven
A stock can take days/weeks/months/years to return to your entry price
Why not cut your loss early on?
- Thou Shalt Not Bag Hold -
There's a cost to holding a loser hoping you can sell for breakeven
A stock can take days/weeks/months/years to return to your entry price
Why not cut your loss early on?
4.
- Thou Shalt Leave Emotions Out Of A Trade -
Emotions don't help you in the market
They cause you to lose money
Be robotic in your trades
- Thou Shalt Leave Emotions Out Of A Trade -
Emotions don't help you in the market
They cause you to lose money
Be robotic in your trades
5.
- Thou Shalt Not Overtrade -
Know when to take your foot off of the gas pedal
Sometimes the best trade is no trade
Cash is a position
- Thou Shalt Not Overtrade -
Know when to take your foot off of the gas pedal
Sometimes the best trade is no trade
Cash is a position
6.
- Thou Shalt Not Trade Headlines -
By the time a headline is released
You've probably missed the move up or down
Focus on trading a stock based off of it's chart
Not it's headlines..
- Thou Shalt Not Trade Headlines -
By the time a headline is released
You've probably missed the move up or down
Focus on trading a stock based off of it's chart
Not it's headlines..
7.
- Thou Shalt Protect Your Capital -
Your capital is your life blood
Without it you won't live to trade another day
Don't risk 25%+ of your account on every trade
Risk 1-2% at most..
- Thou Shalt Protect Your Capital -
Your capital is your life blood
Without it you won't live to trade another day
Don't risk 25%+ of your account on every trade
Risk 1-2% at most..
8.
- Thou Shalt Not Gamble -
Stop holding through earnings unless you're up 20%+
A company could have it's best earnings ever
And still be down the next day
You don't know what is going to happen
Stop gambling
- Thou Shalt Not Gamble -
Stop holding through earnings unless you're up 20%+
A company could have it's best earnings ever
And still be down the next day
You don't know what is going to happen
Stop gambling
9.
- Thou Shalt Avoid Cheap Stocks -
If you liked it at $20
Then why wouldn't you buy more at $10?
Please don't buy cheap s*it..
Err stocks!
- Thou Shalt Avoid Cheap Stocks -
If you liked it at $20
Then why wouldn't you buy more at $10?
Please don't buy cheap s*it..
Err stocks!
10.
- Thou Shalt Not Take Bigger Bets Than They Can Lose -
When you buy you need to appropriately buy
Don't buy more because your guru told you
A buy has to fit your trading style
Betting more than you can means you won't last long trading..
- Thou Shalt Not Take Bigger Bets Than They Can Lose -
When you buy you need to appropriately buy
Don't buy more because your guru told you
A buy has to fit your trading style
Betting more than you can means you won't last long trading..
11. Bonus!
- Thou Shalt Join The Big Picture -
Over 100 subscribers are making anywhere from $50-1000/week
I chart over 2,000 stocks and give you the BEST ones
What're you waiting for? https://gum.co/elIOM
- Thou Shalt Join The Big Picture -
Over 100 subscribers are making anywhere from $50-1000/week
I chart over 2,000 stocks and give you the BEST ones
What're you waiting for? https://gum.co/elIOM
