Thursday, May 9, 2013

Personal Trading Preferences - May not be applicable to YOU!

Personal Trading Strategies developed over the years. Become autonomic nerves reaction.
 
Don't follow without referring to the manual 101...

Best time to exit a trade is in the morning; 9:30 - 10am
Best time to enter a trade is the 15mins before closing; 16:45 - 17:00
Best way to confirm a Sell, just sell directly to the bid price.
... Best way to confirm a Buy, just buy directly from the ask price.
Best way to keep Alert on stock, use SG Stock Alert (free) for Iphone and set
target high, target low level to trigger on the phone.
Best way to feel good after a transaction, walk away from the Market for the day.
Best way to prepare for a trade, to do homework every night by scanning for potential trades to take the next day.
Best way to track the P&L, just use Excel Spreadsheet is good enough.
Best way to chart a stock, just use trendlines, channel lines to determine resistance and support.
Best way to protect a trade, set target trigger level with SG Stock Alert (free)
Best way to trade without worry, use automatic GIRO deduction for transaction.
Best way to not worry about the trade while working on a job, don't talk to anyone about the trade. Most will confuse you then to help you.
Best way to enjoy trading, make it a hobby.
Best way to handle Risk, is to FACE IT and Manage IT.
Best way to count the winning, count the no. of Osim chair that I can buy with...