What should I not do?
To
Become Successful in QQQQ trading You need to avoid thinking like the
masses. You should think for yourself. Stop looking for the secret answers!
At a conscious level traders say that they want to make money, but at a
subconscious level they do the same as the majority and look for some secret
or super indicator to produce the income and lifestyle they dream about.
While your objective in trading the QQQQ should be to make money, your focus
should not be on the money, as this will affect your trading decisions. You
should focus on the process of trading and the money will be a by-product of
that process.
Where to start?
What are the requirements?
To Become Successful In QQQQ trading You need to make the commitment to
do what is necessary. This is explained in another page.
Trading related links
You need to start with the most important ingredient in your trading
strategy - YOU!.
What is the single most important thing I should
know to become a profitable QQQQ trader?
For example, has there been a time when you purchased a
stock after reading some tip in a chat room, or a recommendation in some
service such as MSN Money or Yahoo Finance? You probably thought that you
will get out of that stock if it went against you by $300, but when it was
about $250 dollars down, you went and bought some more of the same stock
thinking you will average out. Then when the stock reached the original
level where it would have lost you only $300, you were looking at a bigger
loss. So you decided you will wait for the next economic data from the US,
hoping it will rally the market as a whole, and pull up your stock too. And
thereafter, it sat like a lame duck in your portfolio for a long time. Yes.
This is but just one example of lack of discipline.
So your first resolution after
reading CraftyStox is this:
"If
I truly want to become a more profitable trader, then I will never, ever, break
my own rules". With that promise to yourself, read on.