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How to Be a Winning Stock Trader in a Bear Market

If you are stock trader then I do not need to remind you that we are in a bear market. There is no need to mention that the Dow Jones Industrial Average (DJIA) has declined almost 50% from its high of only one year ago. Yes, the financials and homebuilders are at lows not seen in decades. In fact, as I write this article, Bank of America is down to $5 a share. Who saw something this bad coming? I did. Who has made +90% winning trades in this market? I have. Am I saying this to brag? No, I have been humbled before so that is not my intent. The fact of the matter is this: You can make money in any market if you practice some simple principles, here are a few of the most important.

1. Know why you are getting in a certain trade. If you have no technical or fundamental reason or objective for entering into a trade then you are setting yourself up for a disaster. Have a clear objective with a well defined entry and exit point.

2. Stay away from greed and fear. You have probably heard this a thousand times and that is for good reason, most traders never learn these lessons. That is why so many traders do not make it. When you have hit a sell point or buy point, follow your trading method and do not be led by emotions - they kill you almost every time!

3. Learn to depend on others. If you do not have a trading partner and/or mentor then you should seriously consider one. If you are not using trading software that provides consistently winning trade signals then I recommend that you find one (I have included a review site that takes a look at one of the better software programs on the market).

Take this advice that had been briefly shared and you will be a winning trader, it is that simple. Good trading ahead.

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