Tips For Successful Free Stock Trades - Part 1
By Ultimate Trading
Simple Advice On Free Stock Trades That You Must Follow
There is no one-size-fits all solution in free stock trades. You
will have your most successful
stock trades with a system that is customized to fit your needs,
your style of trading and your risk comfort level. Then you need the
discipline to follow your system, capital to work with and a
willingness to approach all free stock trades with energy and
That being said, there are always a few things you can watch for. A
few pointers that will help you steer clear of mistakes and keep you
on the path to success with your free stock trades. Ive gathered
some of these useful tips in this article. Keep them in mind for
when youre uncertain what to do, and incorporate them into your
system. They will make a difference to your free stock trades.
1. Never add to a position that is losing. This is one of the few
rules of free stock trades that you should never break. If youre
losing money on a position exit the trade, dont add to it. This is
how small losses become large losses which leads to traders having
no more free stock trades.
2. Always set your stop losses and decide when you will take profits
before you enter your free stock trades. Place stops that are based
on market information, and not your account balance. If a "proper"
stop is too expensive for you, dont take part in the free stock
trades. Be sure to decide when you are going to take your profits
and follow through on it. Successful traders are successful because
they keep their losses small, and they take their profits often.
3. Pay attention to the market. Exit and enter free stock trades
based on market information. Dont wait for a price you think the
currency should hit when the market has changed direction on you.
4. There are times when, due to a lack of liquidity or excessive
volatility, you should not be taking part in the free stock trades
at all. On a similar note, never trade when you are sick. You cant
count on yourself to be alert to the shifts of the markets, and make
5. Free stock trades systems that work in an up market may not work
in a down market, and a free stock trades system that works for
trending markets, or for range bound markets may not work in other
markets. Have a free stock trades system for each type of market.
6. Up market and down market patterns are ALWAYS there, but you have
to look for the dominant trends. Always select free stock trades
that move with the trends
7. During the blowout stage of the free stock trades market, either
up or down, the risk managers are usually issuing margin call
position liquidation orders. They don't generally check the screen
to see whats overbought or oversold; they just keep issuing
liquidation orders. Make sure you stay out of their way.
8. Trust your instincts. If something feels wrong about certain free
stock trades, dont make them. Its better to be superstitious than
to loose money.
9. Rumour is king. Buy when you hear the rumour, sell when you hear
10. The first and last tick are always the most expensive. Get in
free stock trades market late, and out early. And never trade in
the direction of a gap, either opening or closing.
11. When everyone else is in, it's time for you to get out. If a
stock or currency is overbought, its time to exit your position.
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