Now that you have the first steps under your belt, here are a few more advanced steps that you’ll need before you begin on Monday.
Before you begin trading, you’ll need to know a few key concepts and terms to get you started on the right foot.
If you want to “play the game” with the stock market you need to know the rules that govern it.
“How do you judge the quality and veracity of a press release?”
After yesterday, I hope you have a better understanding of what’s behind market fluctuations. So I’ll get right to the four key tips.
Markets are always going up and down. If the stock market trends up over time, it’s called a bull market. If it trends down, it’s called a bear market. But for a day trader, you need to understand market fluctuation at a much deeper level.
Penny stock trading isn’t for everyone. If you are the sort of person who wants to trade stocks with lower volatility, and slowly grow your wealth over time, then you should look into this type of stock.
Despite how different penny stocks are from large-cap stocks, the way that you analyze and trade them is more similar than you may think.
I focus on trading low-priced stocks because of their high volatility. But I realize that style of trading isn’t for everyone. Many traders prefer to take longer positions with more stable large-cap stocks, especially if you don’t want to trade for a living.
If you’re serious about being a top tier trader. You education needs to come first. Learn as much as you can, about as much as you can. There is always something new that you can be learning and you need to start at the beginning and keep brushing up on it to keep your skills sharp. Today we're going to talk more about patterns and how to use them.