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The First step for success in stock market trading: Select the Right Stocks!

By Terence Teoh on 18th August 2015 in Tips for Success
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Most people start in the stock market hitting a few minor bumps in the road. This is perfectly normal and to be honest, it will likely happen to you. There are going to be a lot of highs, lows and everything in-between, but when you learn how important it is to have a system, a repeatable system that allows you to win almost every time. It is possible and as you continue to learn and hone your skills, you’ll spend less time selecting stocks.

Forgetting the Big Movers

Looking through continuous stocks almost each and every day in hopes of finding that so-called ‘big mover’ takes up a great deal of time and energy. It soon becomes a chore no-one wants to deal with and you can be tempted to walk away. Stock market investing should be fun and exciting, but chasing those big movers in order to gain big bucks is just a waste of time, see more details here.

Stick To a Small Pool of Stocks in the Stock Market

You should look for a bucket of small constantly moving stocks that generate constant income. When you start with smaller stocks, say between ten or fifteen, it’ll see lots of time and energy. Choosing the right stocks that offer consistency in generating regular income is important otherwise you’re wasting your time. You want a pool of stocks that generate regular income and selecting the stocks is the first and very important step with the STPM formula. This is key to stock market trading.

Have Your Own Trading Style

The biggest issue you can face is whether you know your own identity. Now, while this might sound a little strange, it isn’t because you can be tempted to make a jump when the market is rocked by a big mover. You can be easily tempted to chase after certain stocks without actually knowing what its real value is or the value of the company. This is something a lot of new investors do simply because they do not have a repeat trading style for the stock market. Once you have your own trading style, it’ll become a lot easier to find success, see more in NASQAD site: http://www.nasdaq.com/investing/dozen/.

 

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Terence TeohView all posts by Terence Teoh

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