What made 10% traders successful? Have you ever wondered why, how, what strategies they used?
I will share with you some of the proven strategies from day-traders to get more odds into your favor.
Let's take a survey to find out best strategy that fits for you.
Add up points per questions for the answer at the end.
- Are you a long term investor or short term day/swing trader?
- Long term investor (1 point)
- Swing trader (2 points)
- Day-Trader (3 points)
- What would be the duration of time that you are willing to hold the stock/position through?
- More than 2 years (1 point)
- Between 3 months to 6 months (2 points)
- less than 10 minutes (3 points)
- What is your personality in trading?
- Calm and relax while in trading (2 points)
- Aggressive and active trading (3 points)
- Set the trade up and forget it (1 point)
- When you are into negative -$1000 USA from one of your stock's position, what do you do?
- I feel nervous and sell my stock's position. (3 points)
- I am going to add more shares. (2 points)
- I feel headache and do not want to look at it anymore. (1 point)
If your score is from:
*** 0 to 5 points:
Characteristic : You have a long term vision whether on the financial field, business, or investment. You hate hectic chaos constantly change, market noise in another word. Your style is a conservative trader, long term, and win big.
Trading Style/Strategy: Buy and hold long term. Averaging down also should be considered to help you offset the loss. Fundamental fits for your trading style. Please refer to article#1: "Buy and Sell at right timing for Long Term Investment."
*** 6 to 10 points:
Characteristic : You are a swing trader. You usually hold your stock's position from a week to several months long. Your impatient may cost you opportunity to win big. Suggest to stay away from pump-n-dump stock, as it is too aggressive for you and you are not ready to handle/manage this type of trading yet. Could be because of your busy daily work, or just your personality style. Play safely is the key.
Trading Style/Strategy: do spread strategy or buy/sell short term base on technical analysis, some fundamental but doesn't need much. Please refer to article#2: "How to find the right spread trade opportunity for a living."
*** greater than 10 points:
Characteristic : You are a very aggressive trader. Your stock's position may not hold longer than 5 minutes or so. Discipline is the key. Win big but also lost big. Need to find a balance between accuracy versus risk.
Trading Style/Strategy: Day trader, scalp trade, ninja trade, quick and mainly base on technical analysis: such as MA 9 and 20. RSI and ATR. Please refer to article#3: "Day Trade for a living"
No comments:
Post a Comment