Trading Stocks for a Living: How to Become a Pro Trader
Trading Stocks for a Living:
Step 1: Realize that trading stocks is competitive. When you make money, someone else lost money.
Step 2: Understand that probably around 80% of traders lose more money than they make. To avoid being like them, you have to avoid trading like them.
Step 3: Get a coach or investment adviser. To avoid losing money, you have to make the jump from amateur to pro as soon as possible. Books won't help you; only tailored advice will.
Step 4: Choose your method of analysis. Only two methods of analysis actually work: Fundamental analysis and technical analysis. Avoid anything else.
Step 5: Prevent yourself against the two biggest sources of loss: commissions and emotions.
Want to see how I trade? Sign up for my newsletter at $1 for the first month:
http://damonverial.com/price-gap-trading/
Trading Stocks for a Living:
Step 1: Realize that trading stocks is competitive. When you make money, someone else lost money.
Step 2: Understand that probably around 80% of traders lose more money than they make. To avoid being like them, you have to avoid trading like them.
Step 3: Get a coach or investment adviser. To avoid losing money, you have to make the jump from amateur to pro as soon as possible. Books won’t help you; only tailored advice will.
Step 4: Choose your method of analysis. Only two methods of analysis actually work: Fundamental analysis and technical analysis. Avoid anything else.
Step 5: Prevent yourself against the two biggest sources of loss: commissions and emotions.
Want to see how I trade? Sign up for my newsletter at $1 for the first month:
http://damonverial.com/price-gap-trading/
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