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7 Tips to Being a Better Stock Trader (and More Successful)

Here’re the seven tips to being a better and more successful stock trader.

Tip 1: Have an open mind… there is more than one way to make money in the stock market.

Tip 2: Stay away from the news and media when trading. They only discuss hype and what’s hot – but it will make you inconsistent.

Tip 3: Master the art of trading first – then go bigger… you can always increase your share size later once you are consistent.

Tip 4: Your success is up to you… you have to do the homework, you have to create your own risk and reward strategy

Tip 5: People have different views… some look at the longer time frames, others look at the shorter time frames. And I’m not talking about charts – I’m talking about world views and future outlooks.

Tip 6: Study longer charts time-frames and learn to understand vega when it comes to options.

Tip 7: there is more to life than just money. Live for a higher purpose and use stock trading as a tool.

#tradingtips #tipsfortraders #stocktrader #stockmarket #stockstips

Posted at: https://tradersfly.com/blog/7-tips-to-being-a-better-stock-trader/

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πŸ“‘ ABOUT TRADERSFLY
Tradesfly is focused on me sharing my experience and knowledge about trading options. Although we include videos related to other areas of trading, the primary focus is trading options. If you are serious about learning to trade options for selling premium, creating spreads, be sure to subscribe to the channel and join our discord group.

πŸ›‘ DISCLAIMER
All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.