Share Market

Tip 1-You should be fully aware of the power of a position. Never arrive at a market judgement while you have a position.

Tip 2 – Ascertain a stop and a profit objective before you enter a trade. Place stops based on market info, and not your account balance. If a proper stop is too costly, it isn’t worth it to go ahead with the trade.

Tip 3 – Remember not to add to a position that is losing. Averaging don’t work in forex trading.

Tip 4 – Trading systems that work efficiently in an up market need not work in a down market. Always keep this in mind.

Tip 5 – If you decide to exit a trade that means you are capable of perceiving changing circumstances. Never think you can pick a price, exit at the market.

Tip 6 – In a bull market you should never sell a dull market and in a bear market you should never buy a dull market

Tip 7 – Sell the factual news and buy the news that you hear Tip 8 – Up trending, range bound and down trending are three types of markets and you should have a different trading scheme for each of them.

Tip 9 – When everyone else is in, time is up for you to get out.

Tip 10 – Never enter a new trade in the direction of a gap and never let the market make you make a trade.

Tip 11 – It helps for you to read the previous day chart each day to get an idea of what the market already did. It will definitely remind you about the trend and patterns that happened yesterday.

Tip 12 – Never change your unit of trading unless under a plan of attained goals. It helps to have a plan for lessening size when your trading is cold or market volume is down.

Tip 13 – Never continue trading non stop even when you are on a winning streak.

Take your profit for the day and then stop trading can preserve your winning.

Tip 14 – Flexibility is an essential element of successful day trading. You should do your homework so as to understand the full potential for both sides of the market.

This will enable you to make your trades on the basis of what the market is doing at the time of the trade.

Tip 15 – Never worry about a missed chance. There is always another one waiting for you.

Tip 16 – If you convert a scalp or day trade into a position trade that means you did not take into account the risks involved in the trade properly.

Tip 17 – There is no meaning in looking for secrets in the market. You will only find matters that no one cares about.

Tip 18 – Asking for someone else’s opinion is not advisable because they probably did not do as much homework as you did.