Which is better trading or a job?
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I beg to differ, and I am not in total agreement with people concluding that stock trading is a stressful job.
I hold my positive view forever after having an overview of the stock market trading.
Let me post my argument in this manner.
Before getting into trading, you must do a thorough homework and it depends upon how you seek knowledge on stock trading.
You may take offline/online tutorials for basic learning or advanced learning from an expert.
Get attached to a stock broker providing the right guidance from time to time.
Do learn, analyse and make decisions from the scratch on the stock trades.
Remember, when you understand what trading is, then you will realise these facts:
Trading is purely scientific in nature, it comprises business economies, and statistical interpretation of the data ( stock prices).
You are advised to go through the right perspective of trading, check for yourself the trading trends in candlestick patterns.
A regulated analysis of trading in chart patterns, a 24 hour trading cycle analysis, and variation in stocks due to market sentiments can tell where the share price may reach while the closing bells ring.
Keeping it in view, you can make a logical analysis and define the parameters that are most likely to happen in trades.
Negative Happening :
Let’s look at the negatives, inside trading can cause damage to statistical analysis and your calculations on entry and exit positions can alter. It may result in wrong judgments and such scenarios might make you lose money.
But, that is rare to happen, hence make a calculated step, analyse the chart patterns by adopting new trading techniques.
Do adopt simple moving averages, exponential moving averages, overlapping of two different time frames like 200 day EMA, and 5 day EMA .
In addition, Moving Averages Convergence Divergence, MACD, displays stock selling zones, and stock buying zones.
The above stated analysis (MACD) can help you realize about the bearish/bullish movements in the highly volatile stock markets.
Now, tell me, when you are able to evaluate the stock patterns properly and make the right decision, where is the element of stress?
Be Careful:
Let me tell you, stress is the outcome of strain, fear, and lack of control on emotions and fear of losing money.
If such is the situation you face then apply techniques that protect you from making unnecessary losses in trading.
One such technique is the stop loss technique most widely believed.
Let me summarize for you, just learn the trading funda, seek expert advice, and follow the principles established by experts.
Set your daily limit of trading, if you cross over it, instantly stop the trade for the day.
Do not take margin support in day trading from your stock broker, why? A little discrepancy in trading can prove to be fatal.
Therefore, if you summarize these above said facts, you will never consider stock trading a stressful job even in your dreams!