I got stuck on a concept on stock trading I did not understand again. This is the flaw of self-studying, you may go on a zigzag pattern trying to learn the concept. Learning is accelerated if you have a mentor. And so when times like this strikes, I go watch MoneyGrowers YouTube for awhile before getting back to studying.
On the side, I am thinking about getting into online marketing instead instead of stock trading. And with this I recalled my earlier days of Blogspot ( which is now Blogger). I did several trial and error of earning from blogging using Blogspot + Adsense. No good result. While I was starting to learn about blogging, I was slowly introduced to Wordpress and continue to use it until this day. I set aside Adsense for the longest time.
And after forgetting about my blog for a long while, I was greeted with the new laws on cookies notification when I logged in. I decided to purge all those other blogs and retained the very first blog for sentimental reasons.
Back to stock trading, there are questions (as asked by Yggdrasil)
Why do you enter trade?Answers to those questions in the coming posts.
What made you buy or sell a position?
Is it because (insert name here) says so?
How can you win a battle when you don’t even know what’s your Target Price or your Stop Loss?
And now the cardinal rules of trading as shared by Yggdrasil
Do not engage without a plan, unless you plan to lose.Do not enter without a proper setup.Do not enter a stock without a chart.Do not be greedy, Take profits whenever happy.Do not listen to noise or hype, It will blur your decisions.Do not lose what you can’t afford to lose.Do not trade and learn nothing.Do not trade when in doubt.Do not hold a stock that doesn’t go with your bias.Do not lose greater than what you gain.Do not trade if risk outweighs the reward.Do not chase a stock. be prepared to catch the next.Do not break a rule, unless winning is absolute.
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