Trading Lesson of the Week

Check back weekly for another free trading lesson:

10 Ways to be a Better Investor

In This Week’s Issue:

  • Upcoming Events – Webinars and Live in Vancouver
  • Stockscores’ Market Minutes Video – How to Profit from a Stock Market Crash
  • Stockscores Trader Training – 10 Ways to be a Better Investor
  • Stock Features of the Week – Action Breaks

 

Upcoming Events – Webinars and Live in Vancouver on Tuesday

Monday April 22 6pm PDT – How to be a Successful Stock Investor

Stockscores founder Tyler Bollhorn will walk you through process for managing your stock investment portfolio. During this webinar, you will see how he scans the market for opportunities, evaluates risk and reward potential and follows his holdings for exit signals.

Click here to register

 

Tuesday April 23 7pm PDT – How I Trade the Stock Market - Vancouver

Live in Vancouver, UBC Robson Square

Join me as I take you through the lessons I have learned, the strategies I have created and the tools I have developed to trade the stock market for the past 30 years.

Click here to register   (after registering the page will jump back to the Stockscores site with no confirmation but you are registered!)

 

Wednesday April 24 – 2pm PDT – How to be a Successful Day Trader

Stockscores founder Tyler Bollhorn will walk you through the components of running a profitable day trading business. During this webinar, you will learn the importance of trading well tested strategies, practicing good risk management and having a methodical process for finding and trading opportunities.

Click here to register 

 

Thursday April 25 – 6pm PDT – Stockscores Trader Training Overview

Stockscores founder Tyler Bollhorn will explain the three trader training options being offered in May. Learn what these programs cover, who they are right for and what additional bonus training is available in May

Click here to register 

 

Stockscores Market Minutes – How to Profit from a Stock Market Crash

You can make strong trading profits when the stock market crashes by focusing on the investments that go up when the market goes down. I discuss some of the things that can be traded but also important considerations for trading them. Then my weekly market analysis and the trade of the week on AMRS.

 

Click here to watch on YouTube

 

To get instant updates when I upload a new video, subscribe to the Stockscores YouTube Channel

 

Commentary of the Week – 10 Ways to be a Better Investor

The stock market is constantly evolving and every day I work to improve how I trade it. Year after year I use the same basic principles and methods, just apply them in different ways to suit the current market conditions.

One of the constants that never seems to change is how fear and greed guide the market action. Succumbing to either of these emotions often leads to financial loss.

Here are 10 things you can do to become a better investor and avoid these traps:

1. Use Strategies that Work

Your approach to the market won't have a hope if your analysis methods are not effective. There are many ways to analyze stocks, take one that you like and test it until you have confidence that it works.

2. Write a Trading Plan

Success has a better chance of happening when you write down a plan to get there. Make your plan include your rules for entry and exit, risk tolerances and a process for review. Adapt your plan over time as you find better ways to achieve success.

3. Manage Risk

Understand the risk in every trade you make and don't take risks that you cannot tolerate. If your exposure to loss is more than you are comfortable with you will inevitably break your discipline.

4. Limit Losses

You should always know where the exit door is in case something goes wrong. When you buy a stock, decide the point where the market will have proven your decision to enter wrong. If the stock falls to that price, get out. Don't let small losses grow in to big losses.

5. Blame Yourself

There may be a good argument for why a loss you have suffered is someone else's fault. The newsletter writer could have been wrong, the media could have been wrong, the government could have gone back on a promise, the company could be corrupt. Blaming others will never get your money back. You will not change the actions of others, you can only change your own. Therefore, blame yourself for everything that happens with your money and take steps to make it better.

6. Stop Falling in Love

The more you know about a company, the more likely you are to ignore the market's message. Companies want you to own their stock; the more investors that they get to own their stock, the higher the price goes. As a result, there is a bias to the information that you are exposed to, if you listen too much you may miss activity in the market that is telling you that something is wrong.

7. Practice Patience

Up trends start slowly so you have to be patient when stocks are trying to start a long term trend. The profit is in the patience, hold on to strong stocks so long as they are showing strength. When looking at a company, avoid a short term outlook that can mislead you about the long term trend.

8. See the Other Side of the Story

Everything you know about a stock may tell you to buy it and you may do so with complete commitment. But, always ask yourself, "Why is someone willing to sell to me at this price." If you understand their motivations for selling versus your motivations for buying, you can better determine who is right. Without an understanding of the other side of the trade you can not determine whether the other side is wrong.

9. Avoid the Herd

The crowd usually loses. When buying, look around at your fellow buyers. Are they well informed, smart investors or are they generally uninformed people watching 60 Minutes? Always try to be one step ahead of the herd.

10. Analyze Your Results

The market is always evolving, making constant evolution in your approach to the markets important. On a regular basis, analyze your trades and looks for patterns of self destruction. Make changes as necessary.

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Past Trading Lessons

April 21, 201910 Ways to be a Better InvestorKEG | CRZO
April 14, 2019How Do You Make Day Trading a Career?PE | T.LUN
April 14, 2019How Do You Make Day Trading a Career?PE | T.LUN
April 7, 2019Gambler or Trader?T.WPRT | T.CJ | T.GTE
March 31, 20193 Ways to Beat the Stock MarketLLNW | ALKS | NM
March 24, 2019Avoid Reckless TradingT.AUG | T.YRI
March 17, 2019What You Need to Know to Trade Stocks for a LivingJAGX | SELB
March 10, 20197 Ways to Trade Without EmotionV.META | SNOA
March 3, 2019The Hazard of Chasing TrendsVXXB | QID | SDS
February 24, 2019The Most Important Indicator for My Stock Trading StrategiesT.CMMC | GNCA | VERI | LKSD | RCKT
February 18, 201910 Do Nots to Make More in TradingT.MAXR | NXTD
February 10, 2019Trading Company SizePTI | NGD
February 3, 20193 Ways to Increase Your Trading ProfitsT.ROOT | MLNT | ABEO
January 27, 2019Wait for Great TradesTRVN | WHLR | DTEA | JMEI | AWSM
January 20, 20193 Ways to Improve Trading ProfitsT.BIR | T.CPG
January 14, 20198 Important Trading RulesAPRN | CPST
December 16, 2018Fear or Analysis?SSRM | T.BLU
December 9, 2018There is Strength in Market WeaknessT.ABX | RWM
December 2, 2018Keep Your Standards UpT.AC | T.GIL
November 25, 2018Beat Fear, Beat the MarketTYME | BIOS
November 18, 2018When the Unexpected Happens, Trade!KOOL | SQQQ
November 4, 2018Recent Stockscores VideosMARA | CNCE
October 28, 2018The Early Years of Trading
October 21, 2018How To Read Stock Charts
October 14, 2018The Behavioral Science of TradingFLKS | GLBS
October 7, 2018Market Scanning for Hot StocksPEIX | BDSI
September 30, 2018Overcoming EmotionsAKER | ETP
September 24, 2018How to Be a Good TraderGLBS | BAS
September 17, 2018Trading Small Cap StocksRNN | AVP | SMSI
September 9, 2018Big Data, Big ProfitV.EMC | FRED
September 4, 2018Profits from WithinAVID | RARX
August 26, 2018Take Your Eyes Off the PrizeCRBP | GS
August 20, 2018Emotion is the EnemyTOL
August 13, 2018TradenomicsT.EFX | T.SW | T.CPX
August 5, 20185 Ways to Overcome EmotionBLNK | MRAM
July 22, 2018The Information TrapT.HCG | XRAY
July 16, 2018Fear or Fact?TLGT | GOL
July 8, 2018What the Ocean Teaches Us About InvestingMCF | DEPO
June 24, 2018Learn from My Trading MistakesAKTX | ZFGN
June 18, 2018Effective Strategy TestingT.NEPT | BLPH | CLSN
June 18, 2018Effective Strategy TestingT.NEPT | BLPH | CLSN
June 10, 2018Trade With Fact or Fear?APRI | BLCM
June 3, 20187 Important Trading TechniquesSTNG | GIGM
May 28, 2018The Expected Value of the TradeSVRA
May 20, 20188 Mistakes of the HeartASNA | CTIC
May 13, 2018Stop Fear in Your Trade Decision MakingT.AUP | T.WEED | TYME
May 6, 2018Trading Should Not Be GamblingCRNT | BPY
April 29, 201815 Core Trading Principles
April 22, 2018How to Measure Your Trading Performance
April 15, 2018Do You Gamble or Trade?T.MOGO | ZIXI