How to Trade Stocks Like a Crocodile
The Crocodile is a very patient hunter. Crocodiles can go without food for as long as three years! If you’re learning to trade stocks and you’re having trouble with discipline, then you need to learn to how to trade stocks like a crocodile.
Trade Like a Crocodile – Slow DOWN!
Many new traders jump into the markets to quickly. If you’re going to have success in the markets, you need to start by finding a trading style that works for you. When I heard this the first time I did not understand what this meant.
Very simply, find a trading style that you understand. It could be trading earnings, it could be trading gap ups or gap downs, you might be better at shorting low float stocks, or you are more comfortable trading large-cap stocks.
The problem for new traders is that they don’t know what kind of trading they are good at yet. Slow down, be patient, and start learning.