Different people got different trading philosophy. It is a skill that you learn, hone, and fine tune through your trading experience. Align your trading philosophy according to your risk and reward appetite and your investment horizon. The journey may be tough at times but always keep learning along the way.

Keep abreast of current worldwide news and market noises as these are the culprits which move the markets. Always enter markets with an exit plan according to your risk tolerance. Be prepared for high volatility.

For new traders, like me, I always write down why I buy the stock at that price target. Always have your exit points (profit or loss) and manage your risk accordingly to your risk appetite. Always trade in stocks that are fundamentally strong and cash rich, without much debt, especially when we know there will be interest rate hikes this year. Good luck, traders.

I believe it’s practice and experience which are important to short term trading. Entry and exit strategy need to be determined before entering a trade.

Retired and Boring