If you don’t have a set plan, a strategy, then you WILL lose money!!!
THE primary reason that traders/speculators/investors fail. How many times have you watched someone place a trade with no plan whatsoever, and then they are legitimately shocked when it doesn’t profit for them…
If you don’t have a set plan, a strategy, then you WILL lose money. A good strategy includes three basic principles:
1. Where do I get in?
2. Where do I get out when I’m winning?
3. Where go I get out when I’m losing?
Answer these questions and your trading plan will be better than 95% of the people in the market. We give traders around the globe a place to connect, share ideas and stay on top of the latest financial news via live news feeds. come and be part of our world, Get us on http://ksoc.tk/1fk
Where I’m from we call that “gambling” if your not doing basic analysis or crafting your thesis using any technicals or at least common sense. Your account will be in trouble.
Did any of you trade Facebook? Here’s an analysis on FB vs AAPL on youtube.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!