Trading Without A Strategy

Stock trading without a strategy is never a good idea. If you hear from a stock tip sheet or a TV program that a stock is hot, don’t be tempted to pile in without proper analysis.

Maybe you’ve stumbled across a hot new product or gimmick that you feel sure will take off along with a company’s share price.

By all means investigate but don’t buy on a wing and a prayer. Conduct proper fundamental analysis of the company’s share price. Look at the technical indicators and decide whether now is the time to buy or not.

Plan your trades as you would with any other stock pick with clear entry and exit prices. Formulate a trading plan and stick to it.

Todd B

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