Understanding Stocks

by Michael Sincere

9: Not Using Market Indicators

money, write those mistakes in a trade journal. In your journal, list the reasons why you bought a stock, where the idea came from, and what you expect from the stock.

the date, the cost, and commission. Write your target price, the price at which you plan to cut losses, and your planned exit price. If possible, describe the technical pattern that encouraged the trade decision. Your goal at first is not to make a fortune (although that would be nice) but to be a better investor. If you can do that, instead of investing or trading for a few weeks or months, you can learn to trade for a lifetime.