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Risk Management in STONKS- The Only Way to Stay in The Game!!!!
It’s been a challenging market out there for many investors. Up until the last couple of days, it feels like almost every stock outside of the energy and commodities sector has been bleeding every day. Just when it seemed stocks couldn’t go any lower, tech stocks made new 52-week lows and continued lower, until finally,…
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7 Actionable Tips To Be A Better Trader
1. Treat Trading Like a Business This is the first and most important point. Trading is not a game…it’s business. And if you want to be successful, you have to treat it like one. If you’re serious about your full-time job, it’s only fair to devote the same level of discipline to trading. If not,…
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Control These 3 Powerful Emotions To Be A Better Trader
Ask a bunch of people what skills are required to be a successful trader… Most people would say it’s being able to accurately evaluate a company’s fundamentals and to determine the direction of a trend. These technical skills are important, but they don’t come close to the trader’s psychology and mindset. Because understanding your emotions…
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How to deal with losses while trading
There’s no escaping it. If you’re trading stocks or options or dealing in the stock market somehow, you’re most likely going to lose money at some point. It sucks. And most people that don’t know how to handle this downside of trading will most likely quit. Here are some tips to deal with losses; 1.…
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How much do I risk when swing trading?
Everyone wants to enter big trades and hit home runs. Who wouldn’t? Traders usually study technical and fundamental indicators and enter positions on stocks that have the potential to gap up. But a common question that can dramatically affect the success of traders is… “What’s a good position size — how much money should I…