What does it take to become a consistently profitable stock trader? (based on yearly results)
by 
BeCool
ANSWERS: 2
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Know when to hold'em, Know when to fold'em. Seriously. You need to be able to analyze stocks with real business acumen... and also detach yourself from the money you have invested. Most people invest with emotion - kinda like betting on a football game where one of the participants is your alma mater. Learn investment strategies like constant dollar investing, and stock portfolio diversification. Remember, you will never be consistantly profitable on any ONE stock - you will only be consistantly profitable on a diverse portfolio of stocks.
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It takes discipline: The disipline to do the research. The discipline to have the right trading rules for each and every trading strategy in your trading arsenal. The discipline to properly plan your trades following those rules. Whether or not the trade is good or bad, the discipline to know when to get out AND to get out. The discipline to be able to make the proper diecisions at the proper times to protect the trading account. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name! Sources: My wonderful family! My wonderful coaches and mentors! TWO [2] of THE ABSOLUTE BEST, MOST wonderful trading groups in the world, which I am most proud to be a member of! Trading stocks and options more than 2 years. "THE University of Hard Knocks"
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