Create your own simple stock trading strategy

1. how I find best trading candidate (best stock pick) ?
2. how I will trade it ?

I recommend you to go through these steps:

1. Learn basic elements of TA
   
   
   First you need to know about basic elements of technical analysis which you will use in your stock trading system.
   

   • Introduction to technical analysis
   • Candlestick chart basics
   • Candlestick charts advantages
   • Support and resistance

   
   

   • Principles of stock chart analysis

   
   

2. Create stock trading system
   
   
   Here you will use basics from previous point to define how you will find answers to two questions above. Basically rules for stock scanning and rules for trade entries, exits, stops and their management
   
   Do not forget to read also about possible results of every stock trade.
   
   
3. Complete your system with good Money management and Risk management rules
   
   
   Do not forget to put into your trading plan these important money management rules defining maximal risk for your trades.
   
   It is also good to have idea about stock market trends when you apply your money management rules.

   
   
4. Practice stock chart analysis and trade management
   
   
   Apply all rules defined above and practice them. Use stock trading journal to generate trading statistics. Fine tune your stock trading based on these statistics to obtain best results.
   
   
   
5. Start real stock trading and generate monthly income
   
   
   Open account with good broker and begin trade stocks using principles of your stock trading strategy.

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