How to Master Your Trading Strategy

WSW Presents... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ How to Master Your Trading Strategy - Where patience is the number one factor that matters… - Why we envy you as a trader… - The importance behind your entry and exit points… We’ve been discussing day trading strategies for the past several issues. I’d like to wrap it up today with Level 2 Quotes and some of my key tips on trading for beginners. Once you’ve finished, you’ll be fully equipped to get started. ECN/Level 2 Quotes Having access to a trading platform with Level 2 quotes can prove enormously helpful. It’s essentially the guidepost for the Nasdaq and can make your plays far more precise. Essentially, you get real-time access to information about the stock’s price action, previous activity, breaking news, and more. It all comes via electronic communication networks, which anyone can use. You’ll see orders placed in real time as well as options trading. Key Tips on Trading Strategies for Beginners You’re primed and ready to execute based on these trading strategies, right? Well, don’t fire up your trading account just yet. I want to share a few key tips that can help you become a better trader from the very beginning. Properly Identify Entry Points Your entry point matters more than you think. If you get in too late, you limit your profits, and if you enter too soon, you could accidentally influence the price action or fail to see a catalyst that might move the price against you. Your entry point should maximize your opportunity to profit. The best trading strategies use historical data to make decisions about present-time stock trends. When you identify a trend, you can ride it as far as you’re comfortable, then exit the trade with your profits. You can also pre-decide entry points based on your predictions. Maybe you like a stock, and you think it’ll go up in price at some point, but you’re not willing to pay the current ask price. Consequently, you decide the point at which you’ll place an order, such as when the ask price drops to a specific number. Patience matters here. If you jump the gun, you could lose out on potential profits or, worse, lose money. Limit Losses When Day Trading Your exit point matters, too. No one likes to lose money, and I assume you don’t either. Stocks are highly volatile and subject to extreme changes. If the price action starts moving against me, I get out right away. That’s why liquidity matters so much to my trading strategies. If a company is too illiquid, I can’t exit a losing position. It’s extremely difficult to watch a stock price plummet while you’re holding shares and have no way to dump the stock. Based on my trading strategies, I never make assumptions. If a stock’s price begins to fall, I assume it’ll keep falling. Maybe I’m wrong, but at least I don’t subject myself to even further losses. Recommended Links 🚨 [URGENT: Tesla ALERT]( 🚨 $700… $800… $900… $1,000… Tesla just keeps blasting HIGHER. It’s why [this trader is now convinced]( we’re at the BEGINNING of another epic rally. He called Tesla at $113… and now he’s predicting another explosive run. [Go here to see what he’s telling everyone to do right now.]( Master Your Skills With Professional Assistance When I got started in the stock market, we lived in a different world. There was no premarket trading, for instance, and the internet didn’t abound with information on pennystocking, day trading, or other investment strategies. I had to learn the hard way — sometimes paying for mistakes with lots of money. You don’t have to take that route. There’s tons of information out there to help you navigate the stock market and develop your own trading strategies. In some ways, I envy you. I’ve become a teacher and mentor so I can help the next generation of traders profit more reliably. While there’s lots of information available, not all of it is trustworthy. I call out the scam artists and fakers all the time here on the blog because I don’t want you to fall prey to misinformation. The Bottom Line Trading strategies tell you when you should add to, lessen, or exit positions. You have to rely on your knowledge and research as well as your risk tolerance to decide how to handle a trade. You might notice that a stock is picking up speed in a supernova and decide to add to your position. That way, when you sell, your profits increase. Alternatively, you might lessen your position by selling stock at a modest profit, then wait to see if you can profit even more from the remaining shares you’re holding. Exiting a trade means selling all your shares. You might do that if the price action begins to move against you, if you’ve ridden an upswing as far as you’re comfortable, or you hear negative news about the stock. Your trading strategies will evolve as you grow as a trader. That’s expected. But starting with hard rules and protocols in mind can help protect you from losses. Talk to you tomorrow, Editor, Wall St. Warrior ⚔️ P.S. Have you seen the news? Millionaire Trader Tim Sykes and his top analyst Tim Bohen are announcing a new shift in an in-demand market that's underway and [3 stocks they believe could explode]( as soon as this year. [Click here to get all the details]( and mark your calendars for their announcement on April 20th! Wednesday's Warrior Recommended Reads [Elon’s “Project X” SHOCKS the World (Again)]( [ad] Just days from now, “Project X” is going to take the media by storm. It has nothing to do with electric vehicles, SpaceX, or even hyperloop. Instead, this is all part of Elon’s plan to revolutionize this massive $23 trillion market. According to one billionaire investor, this market is so valuable that “Whoever disrupts this industry could be the world’s first trillionaire.” [Click here for the full story.]( [AAPL Alert: Breakthrough Strategy on #1 Tech Stock]( [ad] Is it still possible to make meaningful trades on the richest, biggest, and most-discussed tech stock on earth? Thanks to the work of one reclusive California tech wizard, it is! Micah Lamar, the genius brainchild behind WallStreet.io recently released this video detailing what he calls "the Perfect Apple Trade." And with a near-70% win rate and a 3-to-1 reward-to-risk ratio, the results speak for themselves! [Watch Micah's groundbreaking presentation here]( K2 Financial 3571 Far West Blvd Austin, TX 78731 This email was sent to {EMAIL}. Don't want to receive these emails anymore? [Unsubscribe]( [Privacy Policy]( | [Terms]( | [Risk Disclosure](