A Good Stock Trading Strategy
By Ultimate Trading
You Must Stick To Your Stock Trading Strategy Once It Is Set In Place
Socrates said, We are what we repeatedly do. Excellence, then, is a
habit. Without realizing it, most people fall into patterns of
behaviour that quickly turn into habits. Everyone knows how hard it
is to break a bad habit, so its worth you while to learn good
trading strategy, and to stick to it.
But most people dont really know their own habits, even though
everyone has behaviour patterns that make them unique. The fact that
you engage in these activities without consciously thinking about
them is what makes them habits. By analyzing your habits and
behaviours, you can greatly improve your stock trading strategy.
Successful traders learn to recognize the behavioural patterns that
cause them to be unfocused or undisciplined in their stock trading
Some poor stock trading strategy behaviours are due to emotional
reactions, but others are simply the result of bad habits. Your goal
is to make your stock trading strategy systematic, logical and
habitual. Successful traders also learn from experience and from
their mistakes, and analyze what behaviours work, and which ones
dont work. By eliminating a stock trading strategy that can cause
mistakes, they maximize their winning trades and minimize the number
of, and the effect of, their losing trades.
Once you have begun to pay close attention to your stock trading
strategy behaviours, you will quickly see where you need
improvement. It is important to take responsibility for your trades,
and analyze what mistakes you might have made. Dont give into
temptation and blame the market; there is no way to learn and grow
from that point of view. Look to yourself for answers and
It always makes sense to learn from your stock trading strategy. If
you can identify the conditions that may have caused a mistake, you
may be able to keep it from happening in the future. No one is
perfect, and all traders have been affected by things in their
personal or professional lives at one time or another. You may have
been distracted due to outside events, or have gotten emotional
because of a particularly successful trade. If you can recognize
these types of patterns before they affect your stock trading
strategy, you can stay focused and disciplined.
Following your stock trading strategy should become a habit. Always
avoid spontaneous trades. By looking closely at the market to
determine the current trends, a successful trader prepares the
appropriate stock trading strategy for the following day, and with
his trading plan in hand, is less likely to be influenced by
Take the time to create routines and structures around your stock
trading strategy. Keeping good records, logging your trades,
consistently analyzing market indicators, and staying focused on
your short-term goals will help you stay on track. Also, consider
setting small goals for each day. Make sure the goals are measurable
and attainable. The goals will give you momentum, and increase your
confidence in your stock trading strategy.
Recognize that sometimes you need to change your stock trading
strategy. If your stock trading strategy is not suited to short-term
market conditions; adapt quickly, and if necessary, dont trade.
Always look for errors you have made, and analyze them to determine
a better course of action to take the next time. By being aware of
your actions, and working to improve your
trading strategy, you will find the set of behaviours that will
make success a habit for you.
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