Rocking on into Wednesday

Another day begins on the market.

We saw the Nasdaq and Tesla spike huge yesterday. But what's ahead?

We're supposed to get Consumer Price Index, Core CPI, and the federal budget today. Those probably won't move the market too much, but nothing is guaranteed.
If you're looking for some basic building blocks to start understanding stocks...

Or if you're looking for some more advanced tactics to apply to your charts...

Either way, we've got just the class for you!

Check out Markay's free candlestick class here
Clicking registers you for Markay's class automatically (privacy policy)
Time for Some Spring Cleaning
It's that time of year again.

Marie Kondo may not be knocking on your door, but it's still a good time to think about some spring cleaning.

And for trading, that means cleaning up your strategies...

Rob explains what that means here
Clicking registers you for Markay's class automatically (privacy policy)
Meet the New Crypto
Did you think we were done with Crypto?

Not by a long shot. Crypto is going to keep being a major topic, especially as new cryptos get introduced.

The newest kid on the block is NFT...

Let us tell you about it
Are you a wins-and-losses trader or a portfolio trader?

Let me explain:

There's two approaches to trading.

A lot of traders think that the way you measure your trading success is by lining up how many wins you have and lining up how many losses you have and counting them.

If you have more wins than losses, you're a good trader, right?

Wrong!

I mean, maybe that's true! I don't know your individual story. But that's not a healthy way to look at things.

Because if you win nine $10 trades and lose one $100 trade, then you've lost ten bucks.

So I propose a better idea:

The portfolio approach.

If you can make one dollar and keep it overall, across all your trades, that's a win.

If you close one trade and make $100, you can afford a few losing trades that lose you $15.

You get the picture.

Change your mindset and think about the big picture. I think it'll really help you.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.
 
 
Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States


No comments:

Post a Comment