Stock Trading Strategy: 3-Book Bundle – Stock Market Investing for Beginners + Day Trading for Beginners + Penny Stocks + bonus content: Trading Psychology of Millionaire Investors pdfdrive com

Test and Develop your Strategy
Always test your strategy, and test it multiple times before you use it with real
money involved. Take note that you have to repeat this process even if you just
change or adjust a minor part of your strategy. A good way to do this is by using
a demo account or by investing the minimum amount.
When you are a beginner, a big part of your time should be spent on developing
a reliable strategy that can earn you some profits. It is advisable that you should
focus on increasing your success rate. Take note that as a beginner, your main
objective is not to earn money right away. Your first concern is to develop a
winning strategy. Of course, a winning strategy depends on the situation, as well
as on the amount of research that you make. When it comes to success in the
stock market, the more information you have, the better is your chances of
hitting the right investment. Do not rush. It takes times to know the best
investment decision.
 
Never Chase After your Losses
This is a common advice given to gamblers: Do not chase after your losses. A
quite surprising truth about this is that most people who chase after their losses
are well aware of this advice. But, despite the knowledge that it is not a good
practice to chase after one’s losses, they still fall into this pitfall.
Investors usually get strongly tempted to chase after their losses after a big loss.
After a big loss, you simply cannot think clearly. Hence, even if you know that
chasing after your losses is not a good idea, you may get tempted to rush and do
everything to get back what you have lost. In the process, you will probably lose
all your money. Therefore, so that you will not lose control of yourself, make
sure to have the strength to stop making any investment when you encounter a
significant loss. In fact, give yourself a time to forget everything about the stock
market. People usually chase after their losses by placing a bigger investment
with a hope that they may be able to recover what they have lost and also win

---

even a bit of profit. After all, they have already invested some times and effort.
The key here is that instead of chasing after what you have already lost, you
should stay calm and focus on your winnings or profits. Take note that every
investment that you make is unique from all the rest. Therefore, when you
encounter a loss, just admit and accept the loss, and move on. After all, even the
best strategy in the world will also lose from time to time. The important thing is
for you to end up with a positive profit once you add up everything.