Thursday, November 28, 2013

Best strategy for trading the Stock Market

A consistently profitable trader will find a strategy that offers them a higher than average probability of success. They read articles like this one and formulate a winning strategy. You need solid trading plan. The consistently profitable trader will  use this for every trade and not deviate from it. Many new traders fall into the habit of making emotional trades that is not part of their trading plan and make money the first time. This leads to a false sense of security and making risk trades.
A CPT will never enter into a trade unless they know exactly how they will manage the trade from the entry price, protective stop, breakeven, exit strategy, this is how profitable traders earn a living. Managing your trade this way will take some of the emotion out of your trading. This allows you to become more profitable with your trading.
Best strategy for trading