Monday, October 1, 2018

Wall Street

“Every battle is won or lost before it's ever fought”.  After a few live trades from early 2016, it got me thinking that trading is not as easy as it looks.  You don’t just buy at support and sell at resistance.  As I was reading through stock market blogs and videos on how to execute trades, all the intrinsic details on how to execute trades started to overwhelm me.  If I will purse stock trading as an investment, I need to learn how to do this and I need to learn how to plan my trades well for me to be able to maximize my profits.  I have a conservative profile and before I enter any business, I want to learn it first and see if it will fit me.  I somehow think like Gordon Gekko in a sense that as much as possible I want my trades to be a sure win.  Of course, to make that a high probability, I need to plan my trades well.  I need to be able to think about all the possible scenarios and outcome for a particular trade.  This will give me confidence before entering a trade and selling out of it alive.


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