The Building Blocks Of A Successful Trading Business

Day trading has seen a rapid growth in popularity as unemployment figures rise. Indeed, modern online trading platforms have made it easier than ever for people to enter the market. However, any form of trading comes with risks, and it is important for new traders to have clear plans and progression outlined before making their start. Understanding markets and the theory behind successful trading techniques is key to avoiding unnecessary risks and mistakes.

The importance of being memorable

As with any other business, your company name is as important as your product. Company naming plays many parts in success and acts as a first impression to potential clients and investors. In the digital age, having a unique and memorable name is more important than ever, as search engine optimization and recognition can make or break your business. Before naming your business, be sure to check whether there are others using the same or similar names: do some research and make sure yours will be at the top of any Google search. It won’t matter how good your product is if investors and clients can’t find you online or become confused with other businesses with similar branding.

 Deciding how to trade

 Broadly speaking, traders fall into two categories: long term investors and day or swing traders. Day trading comes with significantly higher risk and is typically only recommended for already experienced and disciplined traders. This is because, statistically speaking, the vast majority of day traders lose money. In contrast, long term investors have the advantage of being able to put time, preparation and research into their trades, making it much friendlier to new traders.

Regardless of what method you decide upon, building a concrete trading plan with set rules is essential to long-term success as a trader. Your trading plan will act as a roadmap with clear rules and signals indicating the correct move for the situation. This plan should not change during trading, but rather be followed to the letter and evaluated for modification later when markets are closed. No two traders are exactly alike; everyone has different requirements and risk tolerance, so it is important to develop your own style and plan as a trader.

Trading is a risky endeavor regardless of the method you choose, and it is important to never invest more than you can afford to lose. Concrete strategy and unique branding are the key to the success and growth of any business, and make no mistake, trading is a business. Successful traders may want to expand that business, in which case having a memorable and distinct name will help significantly.

January 2, 2021 Update: We have just announced our BEST STOCK NEWSLETTER of 2020 AWARD!

CLICK HERE to find out which stock newsletter was up 78% in 2020 (and whose 2019 picks are now up 113%).

*** Our Award for BEST STOCK NEWSLETTER of 2020 ALERT ***

Updated January 2, 2021

At WallStreetSurvivor, we subscribe to dozens stock recommendation and advisory newsletters. There is ONE newsletter that is constantly outperforming all of the others--The Motley Fool Stock Advisor.

Five of their 2020 stock picks have doubled and the average return of all 24 of their stock picks for 2020 is up 78%!

We have been tracking ALL of the Motley Fool stock picks since January 2016. That's 5 years and 120 stock picks. As of Friday, January 1, 2021 the Motley Fool's January stock pick (TSLA) is up 720%, their March pick (ZM) is up 172%, their April pick of SHOP is up 226% and their June pick CRWD is up 120%; and another two have more than doubled. In addition, 10 of their 2019, 12 of their 2018, 11 of their 2017, 15 of their 2016. Most impressively, over the last 5 years that we have been tracking every recommendation, their average stock pick is up 209%--tht means over the last 5 years their stock picks, on average, have TRIPLED!

Now no one can guarantee that their next picks will be as strong, but our 5 years of experience has been super-profitable. The important thing about the Fool stock picks is you have to buy them the day they are recommended because they usually pop 5-10% in the first 72 hours after the release their recommendation. You sure don’t want to risk missing out on their next pick.

Normally the Fool service is priced at $199 per year but they are currently offering a NEW SUBSCRIBER DISCOUNT that allows you to get theiir next 24 stock picks for just $99/year. HERE is the LINK to visit their New Subscriber Discount page.

CLICK HERE to get access to all The Motley Fool’s Stock Picks and their next 12 months of picks for just $99 per Year! 



GET UP TO $1,000 IN FREE STOCK

WHEN YOU OPEN A ROBINHOOD BROKERAGE ACCOUNT

Robinhood was the first brokerage site to NOT charge commissions when they opened in 2013. They just past 10,000,000 accounts and to celebrate they are offering up to $1,000 in free stock when you open a new account.

Here’s the details: You must click on a special promo link to open your new Robinhood account. Then when you fund your account with at least $10, you will receive one stock valued between $5 and $500. Then, you will get a link to share with your friends. Every time one of your friends opens an account, you will receive another free stock valued between $5 and $500. Click here to learn more about this Special Robinhood offer.

Claim your free stock NOW (before it’s too late)



Leave a Reply

Your email address will not be published. Required fields are marked *