Tips by Selwyn Gishen
Define your goals and then choose a style of trading that is compatible with those goals. Be sure your personality is a match for the style of trading...
Tags: investing, investing strategies
Choose a broker with whom you feel comfortable but also one who offers a trading platform that is appropriate for your style of trading. It is...
Tags: broker picking
Choose a methodology and then be consistent in its application. Before you enter any market as a trader, you need to have some idea of how you will...
Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit. Many traders get confused because of conflicting...
Tags: warnings, technical analysis
Calculate your expectancy. Expectancy is the formula you use to determine how reliable your system is. You should go back in time and measure all your...
Tags: expectancy, returns
Focus on your trades and learn to love small losses. Once you have funded your account, the most important thing to remember is that your money is at...
Tags: losses, leveraged positions
Build positive feedback loops. A positive feedback loop is created as a result of a well-executed trade in accordance with your plan. When you plan a...
Tags: feedback loop
Perform weekend analysis. It is always good to prepare in advance. On the weekend, when the markets are closed, study weekly charts to look for...
Tags: weekend analysis
Keep a printed record. Keeping a printed record is one of the best learning tools a trader can have. Print out a chart and list all the reasons for...
Tags: records
