Trading can be very complex and without the proper training, you are certain to make several mistakes. If trading were easy, everyone would do it and not everyone has the stomach to see their money going down. Fear and greed are the two psychological mindsets that you have to overcome. The psychological impact of trading is something that you have to learn or develop on your own.
Having the proper training is an important step in your stocks trading journey and having us on your side, you are destined to learn a whole lot.
Creating a watch list is essential to your overall trading strategy. Without a watch list, you have no clue with what is going in the market. Therefore, we can’t stress out enough the importance of creating one. Not all watch lists are created equal. One needs to create a list for each sector and there are 11 sectors in the market. By doing so, you can have a pretty good idea which sector that is in the up and up for that day.
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