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6 Simple Stock Trading Tips Every Trader Must Know

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If you want to become a trader, there’s so much you need to learn. From price action to charts to SEC filings and beyond … Where’s a trader to start? Watch and learn as Tim Bohen covers the top six things you should start with to really conquer this niche.
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While there are a ton of free tools you can utilize, it’s good to start with investing in yourself and your potential trading career.
Don’t be cheap here because some of the best tools won’t be. But the right tools for the job can make all the difference and even help improve your journey. (We may be biased, but check out StocksToTrade. Our platform has everything you need in one place!)
Before you trade, you should always have a trading plan! Break down the idea … Why do you care about the stock, what’s your entry, goal, and exit? If you don’t have these components, you’re gambling.
Use a trading journal and write everything down. Keep track of your entries, exits, thoughts, and feelings. Master your psychology. Because every trading day, it’s you against the person in the mirror. Journaling can help you identify and improve your weaknesses.
Next, learn how to use scanners to find opportunities. You can scan by technicals, fundamentals, sector, float, earnings per share, and more. The criteria all depends on your trading plan and strategy. And you can keep it as simple or sophisticated as you want.
Don’t forget to keep an eye on the time of day. Tune into the video to learn more about the importance of being a time-biased trader.
Last, and most importantly, utilize the internet! All the information you could possibly need is right at your fingertips. Watch video lessons, look at stock charts, and find yourself a mentor.
#StockMarket #TradingTips #DayTrading
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
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