Stock trader is a type of financier in the economic marketplace. These traders can be professionals or individuals trading in support of a financial corporation. Moreover, the stock traders take part in the financial markets in different ways. Stock trading can be lucrative for institutions and individuals. The groups take part in the financial markets in various ways.
Staale Fossberg provides tips on how to make more money through trading
One can trade in shares and commodities as well as stock futures. Trading refers to selling and buying a stock the same day or holding it for only two to three days. Another type of trading is there where one can hold a stock for a longer time frame for around 2-3 weeks. The main attraction of trading is that one can make quick money, however, in order to do so a lot of discipline is required.
Staale Fossberg, the CEO of MPT or My Private Trade which has been founded in cooperation with Morten O. Andersen at Simray Holdings LLC says that one may get a number of trading tips but it becomes important to understand how to execute them. When it comes to successful trading one should pay special focus on discipline. This is important because in most cases, when people are able to make money, voracity makes them wait for more, and so they do not book profits. And on the other hand, when prices drop, panic makes them sell fast. These circumstances can be avoided if they know when to book profit and loss. Listed below are some of the other trading tips provided by Staale:
- Trading is a skill; therefore it is important to learn what not to do along with what one should do. One must also know how to identify amateurs and trap them and how to take positions. Remember that it is always better to rely on a skilled trader rather than an amateur one.
- In order to do successful trading, one should find out a few stocks and focus on them.
- One must also know the demand and supply of individual stocks. In case the number of shares up for sale is more, one should not purchase the stock, and vice versa. In order to find out if the buy quantity or sell quantity is more, one should get a technical analysis done as it can help identify the supply and demand in individual stocks.
- The ideal time of the month to buy stocks is from 18th to 22nd as this is the time during which the cash flows into the market. Also, one should be a hostile buyer during the months of September and October, when the market has a tough seasonal propensity to bottom. Selling should ideally be done in April and early in May.
Staale Fossberg, apart from being associated with My Private Trade as the CEO and creator, he has also been associated with a large number of companies, such as Jungle Norway Limited, Conecto Invest Limited, and Superdobro LTD as the company director.