The vast majority of people live under the illusion that trading a stock is the easiest way of making money.
Sadly the reverse is true.
A trading without discipline has very little chance of success.
Most of the traders just execute the trades following their hunch.
This kind of approach is a sure shot way to lose money.
A smart trader refrains from trade execution in the first half-hour.
The first 30 minutes of trading exhibits an unstable outburst of emotions.
There is an impact of previous day's news and the overnight movement of global markets.
A keen observer of the chart patterns knows perfectly that the trend emerges only after the first hour of trading.
It is better to observe the markets in the morning.
Most of the trading during the morning hours happens on a low volume.
A wise trader avoids the first 30 minutes of trading.
A smart trader always listens to the cues of the market.
The message of the market is often loud and clear.
A chart is an ideal tool for interpreting the message.
As soon as there is confirmation of the pattern, the trader can safely take the positions.
The stock that has been trading at a higher range for the day signals that long positions are safe to carry for next day.
This can turn out to be highly beneficial, since he can exit his positions the following morning.
A successful trader keenly observes the levels at which the prices react.
If the price holds higher for the rest of the day, it is advisable to go long.
If the prices trade higher but fall to lower levels at the end of the day, long positions must be avoided.
This technique is somewhat similar to the tape reading.
The professional trader is aware about the importance of reading the tape.
A successful trader is the one that can interpret the message of the market with the help of a tape.
If there is very little trading range, it is advisable to keep out of the market unless the market breaks out of the range.
Trading can be highly rewarding if a person has patience and a keen sense of learning.
The learning process must never stop.
A person who wants to make a living trading the stocks must respect the language of the market.
Trading can be a rewarding activity as long as a trader follows the rules of the game.
Sadly the reverse is true.
A trading without discipline has very little chance of success.
Most of the traders just execute the trades following their hunch.
This kind of approach is a sure shot way to lose money.
A smart trader refrains from trade execution in the first half-hour.
The first 30 minutes of trading exhibits an unstable outburst of emotions.
There is an impact of previous day's news and the overnight movement of global markets.
A keen observer of the chart patterns knows perfectly that the trend emerges only after the first hour of trading.
It is better to observe the markets in the morning.
Most of the trading during the morning hours happens on a low volume.
A wise trader avoids the first 30 minutes of trading.
A smart trader always listens to the cues of the market.
The message of the market is often loud and clear.
A chart is an ideal tool for interpreting the message.
As soon as there is confirmation of the pattern, the trader can safely take the positions.
The stock that has been trading at a higher range for the day signals that long positions are safe to carry for next day.
This can turn out to be highly beneficial, since he can exit his positions the following morning.
A successful trader keenly observes the levels at which the prices react.
If the price holds higher for the rest of the day, it is advisable to go long.
If the prices trade higher but fall to lower levels at the end of the day, long positions must be avoided.
This technique is somewhat similar to the tape reading.
The professional trader is aware about the importance of reading the tape.
A successful trader is the one that can interpret the message of the market with the help of a tape.
If there is very little trading range, it is advisable to keep out of the market unless the market breaks out of the range.
Trading can be highly rewarding if a person has patience and a keen sense of learning.
The learning process must never stop.
A person who wants to make a living trading the stocks must respect the language of the market.
Trading can be a rewarding activity as long as a trader follows the rules of the game.