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Winning at Stock Trading
from: Gay RedmileThe world of trading and investment can be as frustrating as it
can be rewarding! You need to be prepared...
Firstly, decide if you are a trader or an investor.
An investor is someone who enters the stock market inadvertently
- usually via their superannuation policies. A trader is someone
who makes a decision to buy and sell shares via the stock
market. This can be done online or by using the services of a
stock broker.
If you decide to become a trader - to win - you must have a
survival strategy...
You need to study the market yourself - not just rely on
'reading the news', or listening to others advice and tips.
Take advantage of technology - computers, software, electronic
data - all at your finger tips. Seek out charting software and
appropriate internet sites - they are plentiful.
Ensure that you 'manage' your money and keep some in reserve.
Have the ability to quickly identify failures as well as
successes.
Stock Market trading appeals to those who are a little
adventurous - rather than just placing their capital into bricks
and mortar.
But - be mindful that portfolio values are less stable than real
estate as they are continually moving up and down.
However - investing in the Stock Market means that you are
putting your money to work - be aware, and enjoy the gains!
About the author:
Gay Redmile is the webmaster of several finance and investment
sites. Having been trading for most of her adult life - she is
well aware of the importance of understanding the market and
being prepared. Visit her site at
http://www.thestocktradingsite.com for more information and
articles.
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Day Trading Tools News
CONTINUED : Crazy last hour of trading - MSNBC
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Read more...Dow plunges 733 as new data points to recession - CNN Money
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Read more...Wall Street plunges, giving Dow its 2d biggest point loss, after ... - Chicago Tribune
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Read more...Dow plunges, finishes down more than 725 - MSNBC
NEW YORK - Despair over the economy has sent Wall Street plunging again, propelling the Dow Jones industrials to their second-largest point loss ever. Stocks fell on a combination of disheartening economic data, including a big drop in retail sales ...
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