What Skill Do You Most Recommend Tigers to Learn?

In our previous discussion on Stock Trading: Do Talents or Skills Matter More?, most tigers believed that acquired skills are more important than talents in stock trading. What do you think is the most important skill in stock trading?

avatarIykyk
2024-07-04
$Tiger Brokers(TIGR)$ Talent can't learn. Skill can learn
avatarMojoStellar
2024-07-04
thank you, @Tiger_comments, for this event. Through my experience,  I took up lessons on key skills like financial analysis and technical analysis, risk management, and emotional and decision-making. These skills are the foundation of the first step. Then, communities like tiger brokers and etc. There's risk in any investing. Therefore, I mentioned risk management and emotions. If you really lost money, listen to relaxing music, chill 😎https://youtu.be/y2VAULbCLfQ (I bet mood turned better)  @TigerEvents @Daily_Discussion @Emotional Investor @vodkalime
avatarShyon
2024-07-04
Few critical things you need to take note in order to become a successful trader. 1. Discipline This is the most important criteria that you need to practice during investment. Remember to plan your trade, and trade your plan! 2. Protect your modal and risk management It's important for you to have some risk management during your trade. Cut loss if something is going wrong and no longer align with your investment objective. 3. Basic fundamental and technical skills It is always good to have some basic fundamental and technical skills that will be very helpful for you to seek a suitable entry or exit point during your trades. 4. Never FOMO Never be dear of miss out especially in those meme stocks with crazy rally. Most of the investors end up losing money in these stocks. 5. Emotion ma
avatarCYKuan
2024-07-04
the most recommended skill is the ability to join in a valuable and fruitful investment community, not necessary have to follow the trade of the peers, but the atmosphere of the group to keep own trade momentum moving, to get confidence & assurance from the articles that shared. To get reminder from the possible loop holes that we could possible overlook in the investment thesis, through articles/trades shared by the others. So stocks trading community involvements is a important skill recommended for other Tigers
avatarAttap Kia
2024-07-03
In stock trading, several key skills are essential for success: 1. **Analytical Prowess**: The ability to analyze charts and trends is crucial for making informed trading decisions. 2. **Research Acumen**: Staying updated with market information and economic indicators helps traders react promptly to new data. 3. **Emotional Control**: Maintaining composure and adhering to trading plans despite market volatility is vital for managing risk. 4. **Meticulous Record Keeping**: Keeping detailed records of trades aids in strategy refinement and accountability. 5. **Discipline and Patience**: Knowing when not to trade and waiting for the right opportunities can prevent impulsive decisions. These skills, combined with a good mindset, can significantly enhance trading performance.
avataricycrystal
2024-07-03
$Tiger Brokers(TIGR)$   risk management is a very important factor. others include patience, discipline, checking emotions, and being contend (don't be too greedy as it can be dangerous if trading aggressively, not taking profits when you should). @koolgal @GoodLife99 @Universe宇宙 @rL @HelenJanet @LMSunshine @Shyon
avataricycrystal
2024-07-03
risk management is a very important factor. others include patience, discipline, checking emotions, and being contend (don't be too greedy as it can be dangerous if trading aggressively, not taking profits when you should). @koolgal @GoodLife99 @Universe宇宙 @rL @HelenJanet @LMSunshine @Shyon @Aqa @SP
avataricycrystal
2024-07-03
risk management is a very important factor. others include patience, discipline, checking emotions, and being contend (don't be too greedy as it can be dangerous if trading aggressively, not taking profits when you should).
avatarDavidSG
2024-07-03
Definitely patient, risk and emotion management. Knowing the fundamental and choosing the leaders of respective sectors will help in sustainable profits. Also do not chase high and panic sell. Always accumulate more prized stocks when market retract! May the market be with you. @koolgal  @JC888  @TechnicalHunter  @icycrystal
avatarSPOT_ON
2024-07-03
think reading financial statements to study the fundamentals plus reading charts is a must before touching any stock . @Tiger_comments @Mrzorro @melson @rL @Jadenkho @Tiger_SG @Fenger1188
avatarjethro
2024-07-03
I think having a calm mind and do your homework is the most important factor here. Do not falter to herd instinct such as blindingly following the trend without proper research... Also do not buy with borrowed money... Be smart , be safe...
avatarMrzorro
2024-07-03
I think discipline and patience are two very important skills that are essential for stock trading. Staying in the game is important because it allows you to experience both the highs and the lows, learning from them and making the necessary adjustments to your trading. Another skill I want to recommend other tigers must learn is Keeping a trading journal and regularly reading back through it provides one of the quickest and easiest ways to identify both what you’re doing right and what you’re doing wrong.
avatarhd87
2024-07-03
Risk management is another important skill to acquire. This involves know on how to set stop-loss orders to limit potential losses.
avatarpavy
2024-07-03
how to use a computer
avatarTheStrategist
2024-07-03
Patience
avatarSunnygem
2024-07-03
Balancing fear and greed!
avatarKevin sjbt
2024-07-03
I think the most skill i recommend to other tigers is money management, u can make the stop w/l and u will get better trading skills
avatarBillionaireN
2024-07-03
$Tiger Brokers(TIGR)$  I think skills if Develope strongly can be a strong advantage and can be done through experience , study and doing it .  Talent is the icing on the cake i! A bonus for sure !  but being emotionless , discipline, knowledgeable, and with proper risk management sure are the keys to long-term success.
avatarhighhand
2024-07-03
discipline to adhere to investing or trading rules is most important.
avatarSuccess88
2024-07-03
The one and only skill is patience and will lead you to success. When stock drop don't faster sell. Just wait and it will go up. @Tiger_comments @SR050321 @HelenJanet @MHh @Fenger1188
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