If you’re looking for success in the stock market, you need stock trading strategies that work. That’s why I’m sharing my list of stock market tips for traders.
Here’s the thing: I didn’t have a mentor when I started out in the stock market. It was just me and my computer. It was far from easy and I made a TON of mistakes.
You don’t have to go it alone. Instead, you can learn from someone who’s been there and knows the ropes. Check out my list of trading strategies — and don’t make the mistakes I did.
Table of Contents
- 1 What Exactly Is a Trading Strategy?
- 2 What Can Make Stock Trading Challenging for Some People?
- 3 My Top 21 Stock Market Strategies & Tips
- 3.1 Tip #21: Trade Penny Stocks
- 3.2 Tip #20: Take Singles
- 3.3 Tip #19: The Stock Market Rewards Knowledge and Strategy
- 3.4 Tip #18: Learn From Your Losses and Mistakes
- 3.5 Tip #17: Treat Trading Like a Business
- 3.6 Tip #16: Trading’s Not an Exact Science
- 3.7 Tip #15: Take the Meat of the Move
- 3.8 Tip #14: Learn to Trade in Any Market
- 3.9 Tip #13: Cut Losses Quickly
- 3.10 Tip #12: Only Trade Gimme Setups
- 3.11 Tip #11: Look at the Biggest Percent Gainers
- 3.12 Tip #10: KISS — Keep It Simple, Stupid
- 3.13 Tip #9: You Don’t Have to Trade Every Day
- 3.14 Tip #8: Put in the Time
- 3.15 Tip #7: Use a Trading Journal
- 3.16 Tip #6: Never Follow Anyone’s Alerts — Not Even Mine
- 3.17 Tip #5: Most Stocks Follow the Market
- 3.18 Tip #4: Trade the Stock Not the Company
- 3.19 Tip #3: Avoid FOMO at All Costs
- 3.20 Tip #2: Use the Right Tools for the Job
- 3.21 Tip #1: No One Trade Will Make You Rich
- 4 Stock Market Tips For Beginners
- 5 What Is The Top Trading Strategy for Penny Stocks?
- 6 Frequently Asked Questions About Stock Trading Strategies
- 7 The Bottom Line About Stock Trading Strategies
What Exactly Is a Trading Strategy?
A trading strategy is the set of rules that you trade by. Before you take a trade, you watch for certain criteria that indicate a pattern’s forming.
The pattern must be consistent enough that you can trade the strategy repeatedly over time. For the indicators I check before every trade, check out my “Trader Checklist Part Deux” DVD.
What Can Make Stock Trading Challenging for Some People?
Trading is challenging for people because they don’t have rules. Or they have rules but they don’t follow them.
Trading consistently requires a lot of discipline and the right mindset. When traders become undisciplined and try to beat the market, that’s when the biggest losses occur.
My Top 21 Stock Market Strategies & Tips
