How to become successful stock market trader ?

How to become successful stock market trader ?

How to become a successful stock market trader?





Rules 1

  1. Understand the basics of the stock market.
  2. Design a trading system according to the market situation. E.g. High volatile market, low volatile market, Sideways market.
  3. Trading system 1. When the market is sideways using a Bollinger band for our analysis.
  4. Trading system 2. When the market is highly volatile use option chain and implied volatility system
  5. Trading system 3. When the market is low volatile use price action.

Rules 2

  1. Follow professional traders, watch their videos, read the blog and implement those rules.
  2. You can earn from the market whether it moves up or down focus on learning.
  3. Make a habit of profitable trade.
  4. Never lose money from the stock market.

Rules 3

  1. Do meditation.
  2. Place your trading setup in the noise-free area. There should be no disturbance during trading time
  3. Do not watch TV during market hours.
  4. Do not use any social media during market hours.
  5. Do not overload yourself with a lot of news and information.

Rules 4

  1. Do not try to double or triple your money in a single trade
  2. Follow the trading system signals for entry and exit from the trade.
  3. Our mind is biased and mostly controlled by emotions we don't see things logically and scientifically.
  4. If you start making money regularly in the stock market don't pretend yourself a master
  5. Always keep learning from the stock market it teaches a new lesson every day.

Rules 5

  1. Don't try to find the shortcut in the stock market
  2. You can't make money after buying a trading setup or attending courses of 1  or 2 days.
  3. Big players don't follow the technical analysis they made the technical.
  4. Track the big player's money flow in the stock market.
  5. Read research paper of implied volatility 

Rules 6

  1. Don't Take nay random trade at 9.15 Do your homework after market close or before opening.
  2. Always plan the trade and then trade the plan.
  3. It is not important what to trade the important point is when to trade.
  4. Important skills of traders are discipline & patience
  5. When volatility increase reduces your trade size and vice versa.

Rules 7

  • Reads Books
  • R. C. Effinger         ABC of Investing
  • Dice & Eiteman     The Stock Market 
  • B. E. Schultz          The Securities Market: And How It Works 
  • Leo Barnes             Your Investments 
  • H. M.                      Gartley Profit In The Stock Market 
  • Curtis Dahl             Consistent Profits In The Stock Market 
  • E. J. Mann, You Can Make Money In The Stock Market



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