We all know there are rules and certain criteria that have to be met when trading the stock market but how many of us actually stick to them?
This is a question you should be asking yourself before placing a trade!
Todays Market Update Video
We seem to always be talking about rules and trading plans and how important it is to stick to them but there is more to it than just a set of rules for entering. We also need to be aware about the risk to reward ratio and whether or not the trade has enough upside potential to even enter.
Being prepared in trading is vital as it helps with your state of mind and how you control your emotions when trading. We have sections on these topics in the Trading Psychology section of the website.
Today’s Stock Recap:
AMAT – Applied Materials Inc
ARW – Arrow Electronics Inc
REE – Rare Element Resources Ltd
WNR – Western Refining Inc
SMH (ETF) – HOLDERS Semiconductor ETF
This truly is an over the shoulder view of a professional trader at work and we are getting some great feedback from the people who are following our free stock market education so thanks for all the support.
If you have any questions relating to this Market Update or wish for us to talk about a trading subject that you’re interested in, please don’t hesitate to contact us.
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