7 Tips to Being a Better Stock Trader (and More Successful)

★ SUMMARY ★
7 Tips to Being a Better and More Successful Stock Trader. Get more tips at http://tradersfly.com

Tip #1: Have an open mind… there is more than one way to make money in the stock market.

Tip #2: Stay away from the news and media when trading. They only discuss hype and whats hot – but it will make you inconsistent.

Tip #3: Master the art of trading first – then go bigger… you can always increase your share size later once you are consistent.

Tip #4: Your success is up to you… you have to do the homework, you have to create your own risk and reward strategy

Tip #5: People have different views… some look at the longer time frames, others look at the shorter time frames. And I’m not talking about charts – im talking about world views and future outlooks.

Tip #6: Study longer charts time-frames and learn to understand vega when it comes to options.

Tip #7: there is more to life than just money. Live for a higher purpose and use stock trading as a tool.

Posted at: http://tradersfly.com/2013/11/7-tips-better-stock-trader-successful/

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TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.

Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better.

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