• Home
  • About
  • Contact

The Phat Startup

The Ultimate Lifestyle Blog for Entrepreneurs

  • Blog
  • Blogger Lifestyle
  • Money & Finance
  • Motivation
  • Personal Growth

Personal Growth

Three Amazing Characteristics of the Professional Stock Trader

Becoming a stock trader is a very challenging task. You might be a successful businessman but this doesn’t mean you will become successful at stock trading. There are three basic things which you must master to become successful at trading. Learning the technical part of the stock trading is easy but when it comes to fundamental analysis, things become hard. Fundamental analysis is the most powerful way to find the long term market trend. Though there are many ways to find great trades being a new trader you need to develop some skills. Let’s learn the three most common characteristics of professional traders.

Embracing the losing trades

The new traders are always losing money because they don’t know the perfect way to embrace the losing trades. After losing a few trades they become frustrated and start taking unnecessary risk to recover the loss. On the other hand, the pro traders stick to their trading strategy and wait for the next trade setups. Losing or winning doesn’t matter as long as you trade with managed risk. Consider the losing trades as blessings. By analyzing the losing orders you can easily filter out the best trades and make a huge profit from this market.

Preparing yourself to lose trades is very hard. As a human being, it’s normal to become frustrated after facing heavy loss. This is where you need to work hard. Focus on the basic rule of money management. Stop taking more than a 2-3% risk in each trade. Once you understand the role of proper money management, you will never blow up your trading account.

Trade with an elite broker

The experienced traders never buy stocks with the unregulated broker.by trading the market with the low-end broker you can easily reduce the trading cost. But do you think this will help you to make a better decision in real-life trading? The moment you start to trade the market with the low-end broker is the very moment you put your trading career at risk. If you invest a huge amount of money, you might even get scammed. To avoid such problems elite traders prefer brokers like Saxo since they always offer the best possible trading environment. Moreover, they are highly regulated which means you funds are in safe hands. Unless you lose money in trading, you will always get the funds which you have a deposit. So, try to stick to the elite class brokers so that you don’t have to deal with unnecessary problems.

Balanced trading strategy

Understanding the stock market is not easy. After knowing the basic details of the market, people often start to think they can easily make a huge profit from this market. They invest a huge amount of money and try to make a quick profit. But do you think there is quick way to make money in stock trading? The simple answer is no. You have to create a simple way to trade the market. Use the demo account of Saxo and try to develop a balanced trading strategy based on your mentality. All professional traders follow the basic guidelines of investment. Their trading strategy is also developed based on that principle.

To develop a trading strategy from scratch, you must learn the three major forms of market analysis. Try to trade the market using a different method and see which system suits you best. As a stock trader, always remember, you are here to make a profit in the long run. So, if you trade the market with an aggressive trading strategy, you are bound to lose money. Make sure you follow a conservative trading method and follow the rules of money management. Never try to become a millionaire in the stock trading industry without having enough experience. Work hard to become better at trading from the very beginning.

If you want to learn more about our blog, please click here.


« Restart Your Career! Tips for Re-Entering the Workforce at Any Age
4 Mistakes People Make When Taking CBD Oil »

About The Phat Startup

The Phat Startup was created by Mike McOwen to create a space where entrepreneur lifestyle could be focused on. We tend to live a different lifestyle than most. Entrepreneurs tend to be interested in maximizing their life, not only their profit.

Connect With Me

  • Email
  • RSS
  • Twitter
  • YouTube

Twitter Feed

Mike McOwenFollow

Mike McOwen
PhatStartupsMike McOwen@PhatStartups·
29 Dec 2017

Why is content marketing so important? Find out here: http://thephatstartup.com/money-finance/why-your-business-needs-a-content-marketing-strategy-in-2018/

Reply on Twitter 946751505146707968Retweet on Twitter 946751505146707968Like on Twitter 9467515051467079681Twitter 946751505146707968
PhatStartupsMike McOwen@PhatStartups·
9 Oct 2017

http://yescincinnati.com/

Reply on Twitter 917521630162759681Retweet on Twitter 917521630162759681Like on Twitter 9175216301627596811Twitter 917521630162759681
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

Wow, interesting

Forbes@Forbes

Millennial men are more likely than women to default on student debt http://on.forbes.com/60148NudC

Reply on Twitter 912458136849698816Retweet on Twitter 912458136849698816Like on Twitter 9124581368496988162Twitter 912458136849698816
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

I LOVE Toronto! Miss that place

GO Transit@GOtransit

Explore Toronto’s art scene with GO! Enjoy special late night service during Nuit Blanche on Sept 30. https://cards.twitter.com/cards/v2l8b/4ttwx

Reply on Twitter 912458028355670017Retweet on Twitter 912458028355670017Like on Twitter 912458028355670017Twitter 912458028355670017
Retweet on TwitterMike McOwen Retweeted
BuffaloSabresBuffalo Sabres@BuffaloSabres·
25 Sep 2017

Batter's up! ⚾️ Spending quality time with our friends at @MiracleLeagueWN.

4
Reply on Twitter 912457252057034754Retweet on Twitter 91245725205703475454Like on Twitter 912457252057034754319Twitter 912457252057034754
Load More...

Blog Ideas That Make Money

Dive Into Fantasy With Some Fascinating Sci-Fi Movie Picks

Tips for Building Simple & Effective Business Website

The Benefits Of Having Business Insurance

Search

Copyright © 2023 · The Phat Startup

Copyright © 2023 · Divine Theme on Genesis Framework · WordPress · Log in