To quote that famous line from the eighties television show, The A-Team:
I love it when a plan comes together
With stock trades, I always have a plan, and so do all successful traders. Why is this so important?
First of all, having a plan means you`ve thought about why you`re making the trade in the first place. [...]
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Who sets the price of stocks and baseball cards? You do! Actually, it is a complex combination of countless factors, but basically the prices are set as high as someone is willing to pay. The cards that are worth the most are from the best and most popular players. Likewise, the [...]
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To make money in the stock market, setting stops is an imprecise science and involves a lot of trial and error, but it is an integral part of being a successful trader. A good analogy is to compare stops to buying insurance for your business. Should you avoid insurance altogether just because you`re not sure [...]
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For any normal person, trade is nothing more than the give and take of products or services within an agreed fixed price. for instance if you have bought a package of candy for $ 2, that is trade. You purchased a $ 45000 four-door sedan, then thats trade . You purchased [...]
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