Share Trading Blogs

There is an old saying "Buy on the Rumour, Sell on the News" which relates to how investors and traders typically anticipate upcoming market events and either sit on the sidelines or open up a trade (or “Buy on the Rumour”) and then when the news is released into the public domain, the traders close their trades to take profits (“Sell on the News”). Rumours play an integral part or natural market flow.

Many traders have taken their hobby-like pursuit of amateur trading to the next level. They've decided to go full time (or part time) and start share trading professionally. If you undertake share trading at any level, everything discussed below should be very relevant to you. If you take your money seriously, a trading plan is always a good idea as well as keeping good records and considering taxation implications.

Business Plan: Share Trading Plan

I'm going to make a bold statement. Perfectionists aren't great stock market traders. Interestingly enough, I'm sure statistically speaking, a large portion of share traders would be perfectionists at varying degrees. Why? Trading requires characteristics like excellence, attention to detail, discipline and persistence to succeed.