If you want to make lots of money trading in 2019, then you need to stop being a headless chicken and develop expertise in trading a setup or couple of setups.
Once you master a setup you will develop an edge. Then you can either increase number of trades or risk per trade to make more money.
How can you develop an expertise in trading a setup?
First step is to find things that work in market and are structural in nature and build your trading methods around them to exploit that market tendency.
For example all my setups are based on momentum. Momentum is one of the most enduring structural tendency in stock market.If you base your methods on structural tendency of the market then you are likely to be profitable.
Finding structural tendency is just the beginning. After that you need a daily process to extract money using that phenomenon.
What makes some of this process difficult is that you have to figure out everything for yourself. There are many resources you can tap but ultimately the responsibility of making it work is your own. Not everyone can do it and that is why there are many unsuccessful and bitter traders.
You have to design your own method, devise your own rules and have enough confidence to trust your own method. Every successful trader goes through that.
This process is time consuming and costs money. If you stay in this game long ultimately you will figure out a way to profit from the market.
There is an alternative which is less painful and less time consuming. You build your trading , process, and method around someone else’s trading . This can allow you to substantially reduce the time curve and reduce your risk.
Look for successful traders and in the beginning faithfully copy their method. Once you have success with it , then build over it and add your own nuances.
Source:
http://stockbee.blogspot.com/2019/01/how-to-stop-being-headless-chicken-and.html
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.
Anyone can
join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist
Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
Agree. Everybody needs a doos method in trading. I am currently using https://www.monfex.com/instruments/bitcoin to know last news about cryptocurrency and bitcoin in general. I used to trade on Forex but bitcoin is much more reliable for me.
I also advice to focus on trading but you can start trading online with a brokers help. I am currently using https://www.crypto-rating.com/ and use to trade on cryptocurrency and earn money this way. It’s not hard at all, the only thing you need to do is to find a reliable broker.