Stock Market Trading is a Business
First and foremost, losses must be kept to a minimum and this is a factual qualification rather than an esoteric subjective thought. It is a key choice we make.
This author has yet to write their bio.Meanwhile lets just say that we are proud Richard Lie contributed a whooping 107 entries.
First and foremost, losses must be kept to a minimum and this is a factual qualification rather than an esoteric subjective thought. It is a key choice we make.
Few winning stocks are necessary to ensure profitability using the Stockradar strategy so the win loss ratio on its own is not a good benchmark. We need to dig a little deeper.
The aim of the Stockradar strategy is to make money in a bull market and to keep you safe in a bear market.
Perspective is a key word here because it helps us control our emotional behaviour which can often be at odds with the systematically based rating. It is a good controlling influence for a trader.
I go about my business of doing what I do unemotionally and that’s how you follow a strategy, with belief, conviction and a fair dose of money management.
Our primary focus is educating members so they can learn to run their own portfolios.
The big benefit of locking in your loss is you turn neutral, you are unexposed, and not at risk. You clear you head, discard the baggage of a loss and are fresh and ready to take new prospects on.
We can ride the emotional waves, which can be exceptionally lucrative, but we must learn how to protect that gain with Stockradar stops, and not get greedy.
The Stock Pick Count gives us a guide as to the substance of the markets trend but also allows us to be more focused on specific stocks with qualified trends and that adds a degree of safety.
Whether you’re trading stocks, ETF’s, Bitcoin or some other tradable entity we all need an understanding of risk and how to manage it. Remember markets go up and they go down. Are you prepared?