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12 Tips to become Successful in Market

Posted By On 12/05/2010 09:58:00 PM Under

One can go through the below 12 tips which will help one to become a better trader in the stock market. The same are as listed below:
  • Make a trading plan.Prepare a strategy to trade.
  • Select the plan which is most suitable to your nature.
  • Define risk reward ratio.
  • Keep winners in and throw the losers out.Winning trades should be preserved by trailing stop-loss.
  • Always use stop-loss.Never change it.
  • Do not trade for the sake of trading or for time pass.
  • Try to trade on break outs or on good chart patterns.Every trade should have and justify a sound reason for trading.
  • Be patient, have the conviction.
  • Do not listen to the rumors.
  • Price is the king.Market is supreme.Never go against the market trend.
  • Do not try to find reasons while prices are rising or falling.Keep trading with the original plan.Do not alter it.Reasons will follow.
Take advice of expert professional advisor.
Do go through these tips and make it as a part of your subconscious mind and let it become your second nature and you will find money flowing through for you from the stock market.
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