Overtrading can be a significant drain on your portfolio. Avoid excessive buying and selling, and focus on making informed, long-term investment decisions.
The first 15-30 minutes of the trading day are filled with noise. The secret is the (the high and low of the first 30 minutes). 22 stock market trading secrets pdf
Stop guessing bottoms. A stock is only in an uptrend if it makes and Higher Lows (HL) . Draw a trend line along the bottom. Break that trend line? You exit. Overtrading can be a significant drain on your portfolio
Never trade a single chart. Use a higher timeframe (e.g., Daily) to find the trend and a lower timeframe (e.g., 15-minute) for precise entry. The secret is the (the high and low of the first 30 minutes)
Before diving into the stock market, it's essential to understand your risk tolerance. This refers to the amount of risk you're willing to take on in pursuit of potential returns. Consider your financial goals, investment horizon, and comfort level with market volatility to determine your risk tolerance.
If a stock gaps up 10% after earnings, do not chase it. Wait 3 days. If it fills the gap (trades back to the old price) and stabilizes, then buy. If it holds the gap for 3 days, it is a "breakaway gap."