How to become an excellent stock trader?
There is no ordinary day or routine in the markets, so if you are looking to become an excellent stock trader, tighten your belts, practice your abilities and focus on the goal. To begin with, a stock trader is a participant in the stock market who takes a short-term view of the markets and is willing to follow the changing waves of the markets in real time. A stock trader takes shorts more frequently than a long-term investor who believes in booking space and playing it slowly.
Therefore, speed and frequency bring much more risk and concern. How to overcome them and at the same time continue to be successful as a trader? First of all, do not become a commonplace to achieve this.
The following should be your partners forever:
Adaptability with consistency:
Remember that you are dealing with a dynamic environment, so not necessarily one skill, technique or trading plan would suit all circumstances. Adaptability with consistent revisions and improvements would have you sailing with confidence and determination.
Mix optimism with realism:
The famous saying “All that glitters is not gold” best fits the market environment. While as a stock trader you should be optimistic, you should remember to keep an eye on the ground. The winds of change are blowing faster here than anywhere else. There is no room for regrets and breakups but plenty of room for new finds and multi-strategies.
Drive actualization in learning:
When learning becomes strong, so does the gain. Always be a keen learner and remember that a well-researched, informed and fact-based movement in the capital markets weighs more and has more chances of gain than just a sudden jump to earn those brownie points that last a few time. The essential role is to hire a team of knowledgeable stock market experts, choosing them wisely.
Hire an expertise that allows:
Don’t settle for the ordinary but choose a market expert and a trading plan that suits you and your pocket. Remember that trading is a revolutionary process involving discipline, responsibility, perseverance, and most importantly, a journey of empowerment.
Defining risk exposure:
Trading is all about managing risk and knowing your exposure limits to manage market volatility prudently. It is essential to always have the worst case scenario in mind before assessing risk taking capacity or stop loss. The stop-loss is a predetermined level of risk that a stock trader is willing to take in trading. Even though the bulls are roaring, a stock trader should still have a stop loss in place.
Treat trading like a business:
There is no room for emotions, just like a business. A solid trading plan backed by a risk strategy is what to always look for when dealing with the stock markets. A stock trader should also know when it is time to stop trading and hibernate.
At Sharekhan, we have been a driving force for both new and established stock traders, providing them with the knowledge, commitment and support that makes them roar and not crawl in the capital markets.
Our journey of more than 20 years in the knowledge of capital has made us a privileged and reliable partner stock market researchanalysis and portfolio management partner for traders.
We follow a step-by-step approach to developing custom trading plans that meet each trader’s needs and capital. Our vast human network of over 650 service managers, over 3000 Sharekhan centers and a reach of over 540 cities make us ubiquitous in all formats to serve you better.
Our 90-day course program called Sharekhan ROAR is designed keeping in mind the requirements of early stage investors/traders. The program offers investors/traders a platform to learn about the daily nuances of the capital market from seasoned market experts. To date, we have over 74,000+ registered users for Sharekhan ROAR.
Understanding the current scenario, our program is adaptive with 100% online with dedicated instructors helping you solve your doubts in real time. The program’s success rate is encouraging, with 70% of our users saying they were able to start trading independently.
AT Sharekhan, our goal is to allow you to trade better and more transparently. From our sophisticated app to experienced portfolio managers, we strive to improve our partners’ experience.
If you’re looking to learn trading skills and build a strong stock portfolio to grow steadily, your search is over.
Sharekhan is here to:
– Stay ahead of the game with your knowledge
– Ready to take on challenges at ease
– Preparing you for sustainable growth
– Empower you with technology
Sharekhan offers you a strong offline and online trading network so that “hedging out” is a one time thing for good! Good negotiation!
For full disclaimer details, please visit Sharekhan Website.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)