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.
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.
Aug 13, 18 05:56 AM
The KLCI is currently at resistance territory after a nice big rally. I would consider a sideways trading a possible scenario at the moment.
Aug 13, 18 05:22 AM
In this lesson, we will learn how AAPL's 15 Min stock chart formation help to send the stock higher for 2-3 days to give traders a nice swing trading opportunity.
Aug 07, 18 08:10 AM
In this lesson, we will investigate and learn why the S&P 500 had a nice rally in July 2018 after a correction in June 2018. Learn how the charts and technicals hinted of a bullish reversal.