What Are the TechniTrader® Basic Trading Rules? - Candlestick Patterns Explained by TechniTrader®

How to Begin Trading and Investing in the Stock Market

Wealth takes time, and it also takes effort and control. Most people who win the lottery lose all of it in less than a year because they have not learned how to control that kind of money. Ask yourself if you are ready emotionally for larger profits. Do the financial self-worth test once in a while. People sabotage their own dreams and goals all the time and never realize it. Making money is not the problem; the problem is in learning how to manage it.

The following is a list of the TechniTrader Basic Trading Rules for Beginner Traders and Investors:

Endeavor to have at least a 75% success rate paper trading on a simulator before starting live in the Stock Market. Most traders make good profits, and then they turn right around and lose the profits and more. This is because they are too eager to trade instead of being reluctant to trade. Trade only when you are completely confident and comfortable with your stock picks and the Market Condition. Do not trade because you have a bill to pay, since pressure of that sort will cause you to go with an emotional decision rather than a logical one. If you take a big loss, then you MUST go back to paper trading on a simulator. Do not cheat yourself and think it is okay to just ignore the problem. Something went wrong, and you need to redirect your discipline and skills.
Do not trade too often. Most traders make this mistake. Traders are so obsessed with making money that they throw hard-earned profits away on weak trades or weak market days. The less trading you do, the more your selections will be based only on the best stock picks at that time. This will create higher returns since you will have fewer losses.

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Trade Wisely,

Martha Stokes CMT

Chartered Market Technician
Instructor & Developer of TechniTrader Stock & Option Courses