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?Some people think that getting market information promptly and understanding the timely changes in companies, such as $Tesla Motors(TSLA)$ Q2 data released yesterday, is very important. Others identify Tesla's successful breakout through technical analysis. Or, adhering to good trading strategies and principles.I think having a good mindset is very important because I always end up buying high and selling low, unable to resist the urge to chase hig

Recently I came across this video by Dr Brett Steenbarger -explaining “Three Powerful Techniques for Changing Your Trading Psychology” after reading the following book, Trading Psychology 2.0 From Best Practices To Best Processes. In his video, Dr Brett Steenbarger discusses what it takes to become a profitable trader, I would like to share my experience in one of the technique : Meditation. In 2024, I have the pleasure to be invited by close friends to practise a meditation course which is conducted by a seasoned practitioner, so in this article, I would like to share my experience and how it has helped me in controlling my psychology. Meditation As A Vital Resource - Resilience For Volatility I believe we have seen news and article reporting on traders turning to meditation as a vital re

When it comes to stock trading, the debate over whether talent or skill is more important is a hot one. Some people believe that you're either born with a knack for it or not, while others believe that anyone can learn to be a successful trader with hard work and dedication. So, which is it? Does talent or skill play a bigger role in stock trading success? The Role of Talent There's no doubt that some people seem to have a natural aptitude for trading. They have an intuitive understanding of the market and can make quick decisions that often turn out to be profitable. These individuals may know how to read charts, identify patterns, and understand market psychology. However, it's important to note that even the most talented traders need to develop their skills to be successful. Talent can

@Tiger_comments, you're right, in the world of stock trading, honed skills are generally considered more important than raw talent. While some may have an intuitive grasp of the market, consistent success requires a well-developed toolkit. Now, regarding the most crucial skill, it's tough to pick just one. Stock trading is a multifaceted beast, demanding a combination of strengths. Here are some contenders: Analytical Prowess: Dissecting financial data, both fundamental (company financials) and technical (price charts and indicators) is vital. You need to interpret the information and identify potential opportunities. Discipline & Patience: The market can be a whirlwind. Sticking to your trading plan and avoiding emotional decision

Big news from Wall Street, Marko Kolanovic, the chief strategist at JPMorgan Chase and a well-known "contrarian indicator" in the stock market, has resigned from his position. Kolanovic's departure marks the end of an era for $JPMorgan Chase(JPM)$ , where he became famous for his often unconventional market predictions.Kolanovic earned the nickname "contrarian indicator" because his calls frequently seemed to go against the prevailing market sentiment. Despite this, his insights and analyses were highly respected and closely watched by investors around the globe.So, what does his resignation mean for JPMorgan and the broader market? For JPMorgan, it creates a significant void in their strategy team. Kolanovic's unique perspective and bold calls oft

$Tiger Brokers(TIGR)$   Talents and skills are both cardinal in the trading scene. Although having an element of good luck is a bonus, we cannot depend solely on luck alone. Don't forget, luck and risk are doppelgangers. The difficulty in identifying what is luck, what is skill and what is risk is one of the biggest problems we face when trying to manage money. Countless fortunes (and failures) owe their outcome to leverage. The line between 'inspiringly bold' and 'foolishly reckless' can be a millimeter thick and only visible with hindsight. Having talents and skills is crucial in creating a workable and repetitive system that compounds and grows wealth. And it is with intelligence, talent, wit, resilience, great analysis , tenacity, proper

Hello everyone! Today i want to share some trading skills with u!1.What is Dupont Analysis?Here's everything you need to know: $SPDR S&P 500 ETF Trust(SPY)$ 2.P&L formulas:3.Warren Buffett’s Financial Statement Rules of Thumb:4.ROCE is a metric every investor should know.Here's a simplified overview:Follow me to learn more about analysis!!https://x.com/BrianFeroldi

Critical thinking is essential for investment success. The issue is that investments are not straight forward. There are many roads to get to Rome. We can’t follow people blindly. Everyone will have their own agenda, and frankly they dun care about us. Roaring kitty won’t care if u make money. Elon musk dun care if u lose money. We have to think of what’s their agenda, is it wise to follow them? We have to think for ourselves and decide what’s best and what works for us. It could be stocks, It could be bonds,it could be options or ETFs. It’s one thing to follow a mentor/influencer for hand holding, but what if the mentor is wrong? What if the mentor is no longer around? It is still way better to take responsibility for our own investing journey and to develop our own knowledge, sty

So in my youth, I was a Boy Scout, collecting badges is in my blood. Each badge I got was a reward for skills learned. As stock investors we have wins and losses, so what, that's not important. What is important is we learn from the experiences positive or negative.  I'm not a technical trader, I don't understand it, but I'm not going to dismiss technical traders, you guys have a system, and a language that works for you. We can't master everything, we just need to master something. For me it's dividend investing, and growth investing. i kinda believe in the concept of doing one thing at a time, doing it exceedingly well, then moving on. I am after all a man. Can I multitask, well yes I could, but I don't see the value in that approach;)-

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

I am a very long term investment. I had bought this share $ResMed(RMD)$   since 2008 till now. However, I have sold and bought along the years. If I have hold on all the shares that I had bought since 2008. I could easily earn more than 1million now. Therefore, my thought is like Warren Buffet, hold on to the shares if you like the company business model. You think the company have a great potential of growthing in the market, you should hold on for long term. It will be able to give you the return x2/×3/×4/×5.....×10. 

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

Skills are more important than talents for success in stock trading. In my view, these are three pointers to develop essential skills: * Technical Analysis: Learn to read charts and identify technical indicators that signal buying and selling opportunities. * Financial Analysis: Understand how to analyze financial statements to assess a company's financial health and growth potential. * Risk Management: Develop a sound risk management strategy to limit potential losses and protect your capital. My three takeaways to remember: * Discipline and perseverance are crucial for long-term success in stock trading. * Continuously educate yourself about the financial markets and stay updated on economic trends. * There is no guaranteed formula for success in stock trading, but by honing your skills

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.

A friend of mine, who lost money in crypto, came by my house and I showed him how to deposit money. Then helped him buy a couple shares of Ozempic

$Tiger Brokers(TIGR)$   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