4 Seasons ( a Trader Life )

I'm posting a past post of mine for a little sharing. Just a brief one....

Depend on the trading preference & strategy you preferred, it can categorize into 4 main types. But i will combine 2 to 1 for brief sharing.

1. Scalping/Day trade - trading in a smaller time frame with a high volatility movement and a smaller R/R ratio. Normally involves multiple long or short trades per day.
2. Swing/Position trade - trading in a longer time frame with strategy that involves support & resistance testing. Normally one/a few trades per month with a bigger R/R ratio.

Thus, depending on your trading preference, your Entry / Exit will largely depend on which type mentioned above,  combining with the strategies used, market sentiments,  announcements by company & 1 or more indicators (eg. MACD,RSI,etc) for confirmation.

Always start off with paper trading for practice. Learn new strategies and apply in paper trade. Back test your strategies for confirmation of what is working and what not. (keep a record)
Never jump into live trade with little or no experience, as you are just like placing a casio bet, hoping to win OR LOOSE IT ALL. Learn how to invest & not betting your luck.

I have posted some sharing on Risk Management,  u may be interested.

Always has Patience in your investment. Invest in a few good trades is better than a few hundreds 'betting' trades.

Lastly, a little advice to new "players"(eg. people without CDP account) stepping into the trading 'dimension' (colorful at 1st but will turn into a black hole if u not careful)

Before start trading
1. At least read up/watch YT on the type of trade u r interested.

2. At least know 50% of the functions on the platform (eg. mobile app) u using.

3. Know all the type of charges incur in a trade (BUY & SELL) for different platforms.

4. Learn to see a chart, know what info u can extract. Know what info a indicator can show.

5. Do paper trading for practice.

Mmmm...if u read this far, i guess u r still interested to dive into the abyss.  Let continue....

When u think you are ready to trade

1. Get a reliable broker/securities firm/online platform to begin with. This is important depending on the type of trade u choose.

2. Start off with a safe/steady/well known stock for your 1st 'encounter '. DO NOT start off with a so called popular/recommended/tip stock.

3. Know what is Risk Management,  at least know how to set a Stop Loss before pressing the BUY.

4. don't think big, THINK SMALL.
a) start off with a small order ($500-1k)
b) take profit when hit 3-5%, even u think it can go 10% more.
- be VERY consistent on (a) & (b) for at least a few months.

5. During this few months, continue to learn on how to trade, equip more knowledge. (if u r still surviving & persistent)

6. If u have a bad trade day, lost one/a few trades. DO NOT continue,  thinking u will get back on the next trade & double up your order.
Go watch YT or sleep or exercise.

Opp....my post too long,  got to stop here. Have a great trading journey.
PS: a like on the post is much appreciated, thank u.