Let’s face it: Trading can be a rollercoaster of emotions.
Especially if you’re new to it, things can quickly become overwhelming.
You’ve got charts moving rapidly, the talking heads in the media with conflicting opinions, and of course, the pressure of potentially losing money.
Without a plan in place, data overload leads to analysis paralysis.
We know what happens to deer in headlights and indecisive squirrels.
I don’t want that same fate for your portfolio, and neither do you.
So, I’m going to give you four things you can start implementing today to instantly step up your trading.
Get More Reps, Because Practice Makes Perfect
Trading is just like building any other muscle.
The more you do it, the better you become at it.
Unfortunately, most of us don’t have an endless supply of investment capital.
And “trying” something using real money can get expensive quickly.
So, what can you do to safely get more practice?
Jump in the sandbox.
Paper trading is making trades in a simulated environment, i.e. a sandbox.
This gives investors a chance to test out new strategies, experiment with different indicators, and try new instruments like calls and puts.
It also eliminates some of the stress of trading by building more of a tolerance to the action itself.
Imagine if the only time you ever made a trade was when you actually had the capital in hand.
Every trade would feel like a life or death test that you haven’t studied for.
Fortunately, most trading platforms have a section designated for you to paper trade and get more practice.
Maintain a Trade Journal
Blind trading is reckless trading, and tracking your trades is like using GPS.
No one can keep all of the moving price points, breakouts, and new market data for multiple companies in their heads.
Try remembering all of the details of a trade you took last month. It’s not gonna happen.
Keeping a journal, on the other hand, can help you track your own trends, mistakes, and historical research.
Maintaining your notes and successful strategies can also help you get better at optimizing your entry and exit points by showing you what worked on past trades.
Your setup can be as simple as an Excel spreadsheet.
As long as you’re tracking your price points, targets, entries, exits, and the data driving your decisions, you’re golden.
You can even take it a step further and screenshot your charts, so that you have a crystal clear picture of what variables informed your historical trades.
It’s like being your own Monday morning quarterback.
Study the Greats
There’s wisdom in experience, and since you likely don’t have 30 years of hardcore trading under your belt, learn from the greats.
Simple: read more.
With Google at your fingertips, you can access the priceless trading insights of masters like Peter Lynch and Warren Buffett within seconds.
You can learn from their past mistakes and their winning strategies. You’ll also gain a more well-rounded perspective and understanding of how the market works.
But don’t neglect the new kids on the block either.
The market is leaning more toward tech everyday, and it’s clear that this ain’t your dad’s stock market.
There are a lot of new voices emerging, with some pretty cool ideas.
Check out some of the bigger trading names on YouTube.
Even if you don’t follow their strategies to the letter, over time, you’ll pick up bits of strategy from different sources that fit together to form your own personalized trading outlook.
This should be the final piece of your trading puzzle, and you can take care of this part in just minutes.
… But that isn’t the only way that Precision Volume Alerts can save you time.
Odds are, you aren’t trading full-time. You likely still have a job, a family, and other responsibilities.
You don’t have time to spend hours conducting in-depth analysis on every trade.
My team and I are constantly scouring the market to find new, profitable opportunities for our members.
We analyze the sleeper stocks that no one is talking about…
Optimize your entry and exit points to the trade…
And give you the green light to execute your trades via text message and email alerts.
It’s really that simple.
And with explosive gains that are routinely in the triple-digits, PVA literally saves you time and makes you money. It’s a no brainer.