Best Stock Trading Tips Of 2019
Do you want to make money trading stocks? Do you not know how to trade stocks? Are you sick and tired of losing money in the stock market? Well, here we have some of the best stock trading tips for beginners of 2019, courtesy of Income Mentor Box.
5 Stock Trading Tips
Here at the Income Mentor Box Day Trading Academy, we know that trading stocks is not quite as easy as some would hope. When it comes down to it, you do need to know what you are doing.
Well, our Income Mentor Box Day Trading Academy is dedicated to teaching you to be the best Forex and Stock day traders you can be. Of course, for the full scoop and the best stock trading tips, you will want to join our academy for full access to all course materials. However, here we have some simple yet super important stock trading tips that you absolutely need to follow.
Always Do Your Research
When it comes to stock trading tips and the biggest mistakes which beginner investors make, it would be to buy and sell stocks blindly, sometimes based on emotion or a gut feeling. Guys, there is a reason why indicators and analysis tools exist, and why there is a whole business centered around financial advising.
This is because buying and selling stocks is a pretty difficult thing when you don’t know what you are doing. Always do an ample amount of research before investing in any stock, and if necessary consult a professional. Here at the Income Mentor Box Day Trading Academy, we will teach you how to do research and look out for the best stocks to invest in.
Learn About Stock Trading Strategies
One thing of the biggest stock trading tips that we here at the Income Mentor Box Day Trading Academy will teach you all about is to learn to use trading strategies with maximum efficacy and accuracy. The point here is that you do need to follow a certain strategy, and use various indicators to trade stocks, at least if you hope to make any money.
There are strategies which involve momentum, daily pivots, fading, scalping, and so much more. Remember, you want to be familiar with as many good stock trading strategies as possible. The more you know, the better off you will be, something you will master if you join Income Mentor Box.
Stop Losses & Limit Orders
In terms of stock trading tips, one of the most important things that we can tell you is to learn all about limit orders and stop loss levels. This is because many newbie traders will hold onto a stock for a long time even if the price is not going in the desired direction, in the hopes that things will turn around. Guys, this is not a good idea. A stock trading tip every good source will tell you about is to set decent stop loss levels, or just to dump a stock if the price is not going your way, especially if the price movement is drastic. Don’t hold onto stocks in the hopes that they recover. Dump them, cut your losses, and find better stocks.
Stay Away From Penny Stocks
Something else you should know when it comes to important stock trading tips is that as a beginner, you should definitely stay away from penny stocks. Generally speaking, these are usually very illiquid, dangerous, and simply not worth the effort. Unless you have done a lot of research and have gotten a hot tip about a penny stock that is about to skyrocket in value, these penny stocks tend to be dangerous to work with.
Start Out Small & Don’t Overdo It
Perhaps the most important of all stock trading tips for newbies is to start off small and keep things diverse. All too often it is the case that newbie day traders will invest a huge portion of their investment capital in a single trade. This is a bad idea for many reasons.
For one, if the trade or investment goes south, well tough luck, you just lost everything. Moreover, it is always a good idea to diversify your stock portfolio. If you have diverse stocks, even if one sector, such as say oil goes down in general, if you have stocks in electric cars, those might go up. It’s all about starting small, being strategic, and having a diverse portfolio.
STOCK TRADING TIPS – INVEST IN POT & CANNABIS STOCKS!
One thing that you need to know about right now is that there are some big time upcoming investment opportunities in the world of stocks. Marijuana, cannabis, pot, weed, or whatever else you want to call it, is quickly becoming an absolutely massive market. Marijuana is legal in many parts of the USA, it is totally legal in Canada, and many other countries around the world too.
There are dozens, if not hundreds of pot stocks that will provide you with massive profit potential and money making opportunities. If you want good stock trading tips, probably the best one we here at the Income Mentor Box Day Trading Academy could offer right now is to invest in a strong marijuana stock. Remember our tip above, don’t buy stocks blindly no matter what. DO your research and be confident in what you are doing.
Income Mentor Box & Stock Trading Tips
The bottom line is that these are some of the most important and biggest stock trading tips that you always need to keep in mind.
The fact of the matter is that our Income Mentor Box Day Trading Academy is one of the best, if not the best day trading school in the whole world. We offer the largest and most diverse amount of day trading course materials centered around Forex and stocks.
There’s also the fact that you won’t find a better price or a higher value for your money than right here. Heck, we even provide a Forex signals service which you can use to copy trades and make easy money on a daily basis.