Trading in the stock market can be very very exciting. Everyday tons of advisory services call out dozens of trades. But how many people really make money from dabbling in 10 different stocks?
Or how many people can learn 10 different trading strategies and profit from all of them?
In this short article I would like to address the issue that plagues so many traders.
Unless you are a very experienced trader, you will not make money by doing too much in the stock market. Even seasoned traders know that the most money is made through a few trading strategies.
They become world class at 2 or 3 trading strategies and they repeat them again and again.
Here are the benefits of being focused:
Here are the downside of having too many investing/trading strategy:
Trying to trade too much will eventually be detrimental to your account. It's better to be a master at something and rake in the profits slowly.
Jul 26, 21 10:01 AM
Take a look at the various charts of the stock market for the month of July. Interesting to note that the uptrend is still intact.
Mar 23, 21 08:25 AM
This week let us take a look at the SPX and TSLA. See what we can learn from their charts.
Mar 19, 21 05:24 AM
In this week we will have a look at Bitcoin, ETN and MAT, SPX and QQQ and see what we can learn from its chart.
Mar 09, 21 08:33 AM
In this week's lesson, let's take a look at bitcoin and makita.
Mar 03, 21 09:48 AM
In this week we will take a look at BRX and KIM and see what we can learn from the charts.