Secret Strategy for a successful trading

[Golden P]

TO RECAP ANY SUCCESSFUL INVESTOR MUST EXHIBIT THESE CHARACTERISTICS OVER THE LONG TERM.

Take responsibility for themselves and make their own decisions. They take the credit for making profit and accept the responsibility for any losses. They learn from these decisions and improve over time;

Make investment or trading plans and stick to them They make trading plans based on reliable information in the clear calm light of day and not emotional reactions that may emanate from the panic or euphoria of the share market. And, they stick to their plan;

Assess the Risk/Return Ratio of each trade They only enter into investments that offer reasonable potential for profit;

Manage the risk of every investment . And never lose too much;

Allow for contingencies in the plan so they know what they are going to do if the share being traded goes up, down or sideways in price. The share price can do nothing else. But you can do what you planned. The plan then dictates the actions and prevents unprofitable emotional reactions;

Only put their money into financially secure companies ;

Buy shares when they are cheap and sell those that are expensive relative to their price trends;

Only trade in companies whose prices are in trending up;

Trade unemotionally and have the discipline to trade the plan. They plan the trade and trade the plan;

Keep taking money out of the market. You only make money when you sell shares; and

Have sufficient confidence that has been gained from experience.

 

[Sotherefore]

Thank you for sharing , in terms of considering the risk factor of a particular thing this may not be really applicable in all instances or in all circumstances because there are some things that has a very high risk but is worth trying , if we are to consider the risk factors in everything that means we wouldn't even like to engage in anything because as I understand everything comes with their own risk in one way or the other, the only thing I believe should be done is that anything a person believes on the person should rather consider to pursue it no matter the risk involved , but this does not really mean that you should pursue things without having an understanding of its success probability, when things is at 50% chance of losing then you really need to understand that it is a gambling and there is no need for you to engage in such because it may not likely be profitable to you..

For people that is interested in buying of shares they really have to understand the company they are buying from because it is also an important thing.. you shouldn't risk your money on something you have not research on.

 

[Golden P]

Thank you for sharing , in terms of considering the risk factor of a particular thing this may not be really applicable in all instances or in all circumstances because there are some things that has a very high risk but is worth trying , if we are to consider the risk factors in everything that means we wouldn't even like to engage in anything because as I understand everything comes with their own risk in one way or the other, the only thing I believe should be done is that anything a person believes on the person should rather consider to pursue it no matter the risk involved , but this does not really mean that you should pursue things without having an understanding of its success probability, when things is at 50% chance of losing then you really need to understand that it is a gambling and there is no need for you to engage in such because it may not likely be profitable to you..

For people that is interested in buying of shares they really have to understand the company they are buying from because it is also an important thing.. you shouldn't risk your money on something you have not research on.

Yes! you are right, Understanding the company where you wanna buy shares from is very very important.