Improving Your Stock Trading
Monday, November 1st, 2010Do you want to be successful at stock trading? Everyone… right? Will you put the effort in? Many people are always looking for the ‘secrets’ to this that and the other and are unwilling to put the required work in.
Is there one thing that you can do to get better a stock picking? Yes but I would recommend a number of things. Firstly, you need to read, whether it is a book or a stock trading newsletter. Then you should go on a course and finally if you can then you should get a mentor.
You can go to the library to find book on stock trading. This is not my preferred way of doing it. I like to find them on Amazon and see what people have said about them. This saves me from wasting my time reading a book that isn’t very good.
Following on from the books you should consider a stock trading newsletter. These books will provide you with an excellent background of the systems and how they should work. The newsletter will be different because you will see the theory applied to actual stocks in the present, not historical examples. You want to be confident in their abilities before you act upon any of their tips.
For many this is all they do. I don’t know why they don’t take it a step further. Why not try technical analysis? You should be able to find a technical analysis course that should teach you very quickly. Imagine combining to two types of analysis and seeing what will happen to the results.
If you are able to get a mentor then your chances of success will be much higher. Although people generally like to teach others, they are often quite busy. Why not think about asking the contributors of the stock trading newsletter that you subscribe to. You will already have a way of breaking the ice because you are a customer of theirs.



