I have been a full-time stock trader for 5 years before I discovered the three rules for making money in stock trading. Everyone says that they have found a trading system and the stock market is like an ATM, but in fact, they find that only a very small number of people make money as soon as they enter.
I discovered it after 5 years of full-time stock trading
All those who make money from stock trading follow these three rules without exception.
(1) Trend
Many people still refer to charts first when trading stocks. Livermore said that mathematics is the only thing that does not lie. It is very useful, but it lost to the general trend.
If you want to make a profit, you need to know the general trend. There is no perfect chart, only a combination of current market sentiment.
If you want to make money in a bear market, you must learn to control your hands, learn to wait, and keep your position empty.
If you want to make money in a bull market, you must accept its wide fluctuations and predict the overall situation.
(2) Logic
When buying any stock, you must have a logic behind it.
The fundamentals, industry status and recognition of this stock
And how deep the involvement in the sector is, you need to study it yourself. Discipline
Anyone who does trading must understand that no one can completely avoid losses.
(3) Four principles for opening orders:
1. Basis for opening an order (technical signal)
2. Stop loss line (key support/resistance)
3. Expected target (profit-taking range)
4. Worst Result (Position Management)
The above is my experience. Please absorb it appropriately. I hope you can avoid detours and realize the freedom of your soul as soon as possible.
