Learn the fundamentals of the market and get comfortable with using your brain. The easiest way to do that is to try to keep it simple. If you want to be efficient, make trades as often as you can. If you want to make a lot of money, buy stocks that you believe in. If you want to be a “smart trader,” get an account with a broker. You can find a broker online at www.brokeradvisor.com, call them at their number at 800-988-8488, or visit their website.
The most important thing you can do is do some research from time to time. You never know what the market is going to do next, so research the markets as closely as possible.
Once you feel comfortable with your trading strategies, write a summary report (also called a report card) for your trading day. Keep writing reports as your trading career progresses. It’s a good idea to keep track of what each report card says about your day for future reference and analysis.
If you’re not an investor, you can also use your reports to make sure you’re profitable. For example, if you find that you’re making more than you would get back if all your trades were profitable, check to see if it’s worth putting some losses on as a backstop.
How do I gain more in a day?
It’s a good idea to have a lot of money at the beginning of a trading session. There are many reasons you might want to do that, one of which is to get up early enough to start learning how to trade and make a trade the night before work.
A good time to buy some stocks is around the 10 minutes before you’re going to work to give yourself plenty of time to sleep. It’s also the time that most traders sleep, so you want to leave yourself enough time and space to sleep if you’ll be working.
When you get back, try to keep the stock market open and start making trades. Your initial goal is to try to sell one stock at least three times before the end of the trading day, but that may vary according to the market and how it’s going. Some traders have more success selling at work, but the most successful traders sell at home or in their home office.
One caveat with any trading session: Don’t sleep during a close or reverse trade (a market close is when two stocks are trading at the same price). Sometimes traders will sell
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