"Money is very easy to spend, but hard to earn",
"to profit first u must know how to lose money"
In the Market trading, either bullish or bearish view; there's no right or wrong..everyone learn from their own mistakes and understand their personal psychology of reaction
7 Things to note before trading a stock --
1. never trade if unsure or no confident of the big makers in the market,
2. never ever chase to trade after a strong breakout (long) or breakdown (short),
3. know the comfortable personal level of profit taking be it a small one that is net gain, stop loss if supply demand changes unexpectedly from the desired analysis,
4. the chart is a reflection of a story for mission carries out by the big players that has the capital power to move the market be it up or down via the operation of supply/demand - make good use of it == daily chart is more stronger than mins chart, but mins chart shows details of transactions
5. Good news doesn't mean a good long for potential return if the stock has reached a selling zone, vice versa a bad news too
6. never try to be ahead of the market, cos nobody can predict what will happen until big players show signs of entry or exit..
7. the nature of the stock is crucial too, especially the sector/industry the company is involved in..stocks that are highly swing especially penny stocks, halt alot of times, suddenly illiquid after it got "hot"..best to be cautious
I considered myself rather a speculator than a pro-active investor as i observed that Singapore market has its ceiling and that returns are not in strong progression. Trading itself offers a favourable move as big makers are floating around to execute a mark up mission, however to minimise risks of losing capital..one of the way i am practising is to trade small (haha not 100 shares in sg stocks that kind lah) and position the trade with a tight stop loss and at a high winning move :)