Tag: 12 Trading Tips

Trading Tip #7 - Market Timing

Posted on by The INO.com Team

Don't try to buy the bottom or sell the top. It's incredibly hard to time the market.

12 Days of Trading Tips Day 7

How many times have you sold at what you thought was the top only to see the market head higher? And conversely, bought at what you thought was the bottom only to see the market erode further? Instead, focus on hitting that middle 80% of the trade.

It's OK to give up a little bit at the beginning and end of the trade to make a profit.

After all, a profit is a profit.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

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Trading Tip #6 - Think Percentages VS. Number Of Shares

Posted on by The INO.com Team

Think percentages vs. number of shares.

12 Days of Trading Tips Day 6

As you build your portfolio of stocks, concentrate on the percentage of your overall portfolio you want to invest and don't focus on the number of shares.

For example, one of the biggest mistakes novice investors make is buying 50, 75 or 100 shares of a stock. Instead, take your overall portfolio value and divide it evenly into percentages and then purchase your investments according to this plan.

Remember tip #5? It's easier to diversify using percentages.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Join MarketClub with this Special Holiday Offer..

Trading Tip #5 - Diversification

Posted on by The INO.com Team

Diversify Your Portfolio: Diversification is key to your long-term success.

12 Days of Trading Tips Day 5

I'm sure you've heard the expression, "Don't put all of your eggs in one basket" (one of those market cliches). It's great advice, the last thing you want to do is lock all of your capital into one market or sector. This will provide you and your portfolio protection from a catastrophic event in a single sector.

Do you have a diversified portfolio? Not sure? You can use the following list of markets as a starting point to check your portfolio. Are you invested in stocks, bonds, mutual funds, ETFs and private equity assets?

The end of the year is a great time to sit back, look at your investments and make sure that you are diversified and protected.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Join MarketClub with this Special Holiday Offer..

Trading Tip #4 - Practice Makes Perfect

Posted on by The INO.com Team

Practice Makes Perfect: After you've studied and developed a plan it's time to practice. 12 Days of Trading Tips Day 4

Paper trading is a tool for new and old traders alike, much like an athlete practicing their trade is crucial to their success. Practicing allows you to learn and tweak your trading strategy without losing real money. Much like online education, there are a bunch of paper trading websites out there and some even have games tied to them.

Most brokers have this function built in as well. If you've watched financial TV as of late, I'm sure you've seen the newest commercial by one of the big online brokers touting this very feature to gain new customers. That should tell you how powerful practicing is.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Join MarketClub with this Special Holiday Offer..

Trading Tip #3 - Market Cliches

Posted on by The INO.com Team

Market Cliches: Learn and memorize those market cliches. They may be repeated a lot by websites, brokers and the like, but they do hold some value in their lessons.12 Days of Trading Tips Day 3

Let's talk about my favorite cliche: "The trend is your friend."

One might argue that the most important tip to successful trading is to stick with the trend as much as possible. I'm not sure who said it first, but they clearly knew the secret to making money in the markets. Any trader worth their salt will tell you that, It's easier to make money trading with the trend vs. trading against the trend.

It's something to think about next time your researching that next great trade. Am I going with the flow or not?

Here are a few more of my favorites:

"When in doubt, get out."

"Don't try to catch a falling knife."

"Sell in May and go away."

"Buy the rumor and sell the news."

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Join MarketClub with this Special Holiday Offer..