Is share-trading business good or bad? ... There is no doubt about the fact that stock market trading can be a career….Yes a Successful Career. Though it is often said that stock market investment is risky but with little effort you can earn regularly from the stock market. All you need is the right strategy and skills to choose the right stocks.
A business usually always has a plan, businessmen know what their goal is, what their objectives are, they are prepared, they analyze costs and opportunities and they also analyze past projects and keep accurate numbers of everything that goes on.
A (successful) trader must have a plan before he starts his trading to avoid being just reactive. He/She sits down every weekend and every morning and analyzes all existing positions and potentially new opportunities. They look at the timeframes that they trade and then they create their own trading ideas. They know when They want to get in, when They stay out of a market, what the price action has to look like for them to get interested and what a no-trade scenario is. For that, They use their trading plan and They also use price alerts to stay on top of things.
This is only possible, though, if you know your products and services, your setups and strategies. It all ties together.
Have you ever seen a business that operates without a real plan and without analyzing how their projects worked out? No, such businesses quickly fail because you don’t have any idea where the money is coming from, where it is going and how to fix things.
Lastly, Education is an important component of Successful Stock Trading Business.
Knowledge + Practice + Experience = SUCCESSFUL TRADER