Strategies For Becoming A Better Trader

A lot of traders ignore completely the price action of the broader market. This will never end well. If the market is heading south or in the midst of a strong sell-off, that is not the time to be adding new long positions. Simply because the stock managed to trigger an alert for you to do buy the stock, or because a stock pulled back to the price level you have long desired to trade it at does not always mean that you should. Price alerts do not mean you should pull the trigger automatically on the trade.