4 Essential Trading Lessons in an Uncertain Stock Market | [Patience Pays Every Time] - http://earlyretireonline.com | how to earn money fastFebruary 20, 2018 2:53 am
Tags: essential, lessons, market, patience, stock, trading, uncertain
Categorised in: Trade Penny Stocks
Today I’m sharing four important stock market trading lessons in an uncertain market. Subscribe here to get INSTANT alerts when I post a new video outlining my penny stock trading techniques: https://goo.gl/poGZTm
0:10 I wanted to go over the new environment in the stock market that has been happening the past few days.
0:20 I have four important lessons to share with you guys.
Lesson #1: patience pays over time.
1:00 We’re working on software that is going to help you understand the different markets.
2:00 I know how to adapt to the different markets, and you need to learn how to do the same.
2:30 Lesson #2: Learn how to wait for the absolute best setups in the stock market.
3:00 Trust me when I say you have to wait to trade for the absolute best setups in the stock market.
3:30 When there’s nothing to trade you need to spend your time studying the past.
4:00 The stock market is a battlefield and you need to come armed with as much knowledge as possible.
5:00 You have to think like an athlete, you are in training. You have to look at the past to get prepared for the present.
5:40 Lesson #3: When there are no good setups you have to sit on the sidelines. Right now I have zero positions on my short-term accounts.
6:15 Learn to strike when there are a lot of plays. When it’s not happening, that’s when you pull back. This is hard for new traders to understand.
7:00 When there are no great trades happening you have to grow your knowledge account. Take advantage of this “offseason.”
8:00 Listen to archived webinars, watch my free videos here on YouTube.
8:30 Lesson #4: Sometimes the best trade is no trade at all. Don’t waste time and effort on a sub-par trade.
9:00 This is not a fun video, but it’s the truth. You can try to trade right now, but your odds will be much lower.
9:30 With penny stocks the key to succeeding is waiting for multi-day, multi-week setups.
10:00 If you understand these stock market for beginners lesson leave a comment below: “I will be patient.”