Six rules to follow as a stock trader

If you want to become a successful stock trader, there are some essential guidelines you ought to stick to. This article will outline six of the most important ones. While there is no foolproof way to achieve success in the markets, following these tips should put you on the right track. So, without further ado, let’s get started.

Rule one: do the research

Choosing the right stocks is crucial, and that involves thorough research before making any purchases. This includes examining a company’s financial statements, management team, business goals, business model, and short- and long-term objectives before investing your money. Armed with this information, you can better identify the best growth stocks for the next 10 years or even longer.

Furthermore, while it might be tempting to invest in the latest and hottest stocks, sticking with more established companies is often a wiser move. Established companies typically have a more reliable financial history and are less prone to sudden drops in value. It’s a strategy that emphasizes stability and long-term growth potential.

Rule two: understand market trends

To be a fruitful investor, you need to know which trends are popular in the market. What stocks are rising? What stocks are falling? And more importantly, why? These are all questions that you need to be able to answer before you make any investment decisions, and it goes without saying that you need to be able to read market charts and identify trends and patterns as a trader.

 

Luckily, there is an abundance of online resources available that can help you keep on top of the latest market trends. Financial news websites, stock analysis tools, and even social media can be used to track the market and better understand where it’s headed. If you are trading with a broker, you can very often also find they will provide educational content of their own, such is the case with Saxo.

Rule three: stay disciplined and patient

To be successful in any field, it is essential to maintain a high level of discipline and patience. This is important because it allows you to focus on your goals and work towards them without being sidetracked.

 

Staying disciplined and patient in stock trading means not selling your shares immediately whenever you see a tiny drop in the market. It also means sticking to your choices reasonably and not being over-excited and purchasing hot trends as they come.

 

Maintaining discipline and patience can increase your chances of achieving long-term success in any field, and this does not exclude in stock trading.

Rule four: use stop-loss orders to limit your losses

As we get down to the nitty-gritty of stock trading, stop-loss orders are a vital tool for investors.

 

By placing a stop-loss order when you trade, you can limit your losses on a security to a predetermined amount. For example, if you purchase a stock for $100 per share and place a stop-loss order at $90 per share, you will sell the stock automatically if it falls to $90. This can be favourable if the stock price falls sharply, and you cannot sell it manually.

 

Stop-loss orders can also help ease your anxiety about potential losses, as you know your loss will be limited. However, it is essential to remember that stop-loss orders are not guaranteed, as they may not be executed at your desired price in fast-moving markets. Despite this, when used correctly, stop-loss orders can be a helpful way to limit your losses and manage your risk.

Rule five: don’t overtrade

Over-trading is a common mistake made by novice investors. It occurs when an investor trades too frequently, often to seize opportunities in the markets. Over-trading can lead to a trader having too many open positions to properly manage, increased transaction costs and fees, and emotional decision-making. When you are tempted to seize any opportunity that comes your way, you may end up making rash decisions that hurt your portfolio in the long run.

 

When trading stocks, it is fundamental to remember the rule: don’t over-trade or trade impulsively. By sticking to this rule, investors can help avoid common pitfalls that can lead to poor investment decisions.

Rule six: have a solid investment plan

When it comes to investing, there is no one-size-fits-all approach. Every trader has different goals, risk tolerance, and time horizon. As a result, it is crucial to develop a solid investment plan tailored to your unique needs and objectives before you begin to place any trades.

In summary

Anyone can become a stock trader, but it takes discipline, research, and expertise to be a successful stock trader. If you are dedicated to learning and practising the strategies outlined in this article, you can increase your chances of becoming good at trading stocks.

Can Something Stop the Downward Momentum of Cryptocurrency Values?

After having enjoyed almost two years of value increases, the cryptocurrency market is experiencing heavy losses across the board. The values of crypto assets are plummeting, cryptocurrency investors are stuck with really expensive – yet downgraded crypto coins, which they cannot sell and the real economy is once again seeing cryptocurrencies as something that causes toxicity in the financial world. The longer this situation develops, the more investors are wondering if there is something that can put an end to this historic “crypto winter”.

 

 

Investing in cryptos is a little bit like playing games of chance. You can play your favourite games at an online casino and potentially win real money, but at the same time, there can be a day during which Lady Luck will not be on your side. After all, the odds are not always in one’s favour and in the case of cryptocurrencies, there is no “Return to Player” setting that can restrict the amount of money one can lose. Bitcoin investors saw BTC’s value reaching the 70,000 USD mark a few months ago, but now they are seeing the asset underperforming while being under the 20K mark.

 

With Bitcoin trading lower and lower over the last six months and with the coin’s value dropping at its lowest during the first days of September, crypto traders are trying to understand where the situation is going. Many are hoping that this downward momentum is going to end towards the end of the year and that BTC will start recovering at a very high pace, but there are also those who believe that all the new restricting policies taken by the Central Banks of the world’s biggest economic powers, will push “high-risk” assets even lower.

 

 

Can New Technologies Be the Way Out for Struggling Cryptocurrencies?

 

It is no secret that crypto assets are built on relatively modern technological foundations. This means that their advanced technology allows for further developments, which can be replicated and implemented in multiple industries. The more these assets are switching to more efficient and sustainable technologies, the more things are going to improve in terms of their value. However, if those who develop this technology continue to avoid being “extraverted”, the situation will continue to remain as unstable as it is today.

 

The global economy is not very big on trusting new assets and when the most powerful people in the crypto world are communicating with closed cameras, through avatars or through private networks, things can only get harder. The “crypto” part in the name of these assets does, of course, make a point about the nature of the product, but at the end of the day, earning trust comes by allowing the world to get to know you.

 

If the world’s economic leaders work together with those who have built the foundations of the crypto coin technologies, then the changes that will come to the global economy will be ground-breaking. All it will take is a little bit more extraversion from the crypto-front and a little bit less conservatism from the front of the real economy.

 

Why You Should (Broadly) Ignore the Markets When It Comes to Crypto

Elon Musk, a man who has been in the headlines recently, tweeted the following financial advice:

Buy stock in several companies that make products & services that *you* believe in.” 

He added:

Only sell if you think their products & services are trending worse. Don’t panic when the market does.”

It was hardly an original sentiment from the new owner of Twitter. Many successful investors preach that you should only invest in products that you believe in. But Musk’s statement raised an interesting question about investing in products that not only might we not believe in but that we might not fully understand. And the most typical example would be cryptocurrency. 

 

Now, you can take it as a given that many of those who invest in cryptocurrency do so because they believe it will make them money. The product, in many cases, isn’t important to them. Instead, it’s the fact that they believe those lines on the charts will continue to go up. 

2022 has been terrible for crypto so far

Of course, in 2022, many of the lines on the charts have been trending downwards. Almost halfway through the year and Bitcoin, for example, is about 40% down from its highs of 2021. The same can go for all the other major cryptocurrencies, including Ethereum. As economic conditions worsen around the world, and many are tipping a recession, you can be sure that we will see many crypto investors cut their losses. And many experts will – once again – predict that the party is over. 

It should be noted, however, that cryptocurrency does not only exist in the mainstream investor ecosystem. In fact, it’s created its own ecosystem. If you consider things like lending pools and yield farming, for instance. Those are methods to make crypto work for you without relying on the value of the underlying asset to always increase. Yes, some might compare yield farming to the offering of casino bonuses, in that there is no underlying guarantee of success – it’s a gamble, despite the initial reward you receive. But it’s a fair example of how crypto can work outside of the traditional buy & sell on the market. 

Always invest in what you believe in

But getting back to what Musk said about investing in stuff that you believe in. When it comes to cryptocurrency, it means you are, therefore, looking for crypto assets with utility, i.e., that actually do something beyond being digital money. And there are many examples of this. Filecoin, for example, works as a cloud storage solution; MANA is the currency for the ever-growing gaming metaverse of Decentraland; Ethereum, well, it’s the backbone of the decentralized web3 movement. 

Now, the point here is not to say that these cryptocurrencies – battered as they have been in 2022 – will eventually succeed. Instead, it’s to go back to what Musk said and state that they represent projects that many people believe in. People don’t buy MANA simply because they think the hocus pocus of the market will see it keep rising over time; they do so because they believe that Decentraland will be one of the most significant ‘metaverses’, perhaps even rivalling the Horizon Worlds from Meta/Facebook. 

Conversely, many cryptocurrencies do nothing beyond existing. You can also put some – the stress is on some – NFT projects in that bracket, too. A lot of the investment in these projects is placed only because the investors think it will make them money. There’s nothing wrong with wanting to make money, of course. But it goes back to what Musk said about backing projects you believe in. Whether it’s Dogecoin or some badly pixilated NFT ‘art’, can you really say that you believe in the product?

In the end, if you are one to follow Elon Musk’s advice, then it can be applied to crypto. You should invest in projects that have utility – those that can make a significant impact in the real – or virtual – world. Crypto is likely here to stay, but those projects with little worth will likely fall by the wayside. If they are good enough, the others might weather the storm that has hit them in 2022. 

Does Cbd Oil Help Dogs Itchy Skin? – According To Doctor Monika Wassermann

CBD oil has been documented for its analgesic and anti-inflammatory properties, making it a popular treatment option among pet owners to apply to dogs who suffer from itchy skin. So if it really does, how does cbd oil help dogs itchy skin? CBD oil, as sold in tinctures by the likes of JustCBD, can help to heal painful allergic skin reactions, decreasing inflammation, relieving discomfort in dogs.

Since they both play a part in the skin problems caused by allergies in dogs, it stands to reason that CBD oil could help with the symptoms of your dogs skin allergies. Whether your dogs skin problems stem from food allergies or from contact allergies, keep reading for more information about how CBD oil might work best for your furry friend. This all-natural treatment is safe for dogs, has no known severe side effects, and can be helpful if bad skin caused by an unidentified food allergy is a primary cause.

Based on a few reviews, from users who by CBD products for sale on online platforms like Olio Lusso, in addition to helping reduce anxiety levels in their dogs, this CBD oil has been shown to ease symptoms from food allergies. Based on the current information (research and anecdotal evidence), cannabis hemp products are beneficial to dogs with allergies.

CBD oil, especially the pure CBD derived oil of cannabis, may offer the same benefits of THC, without the alteration of cognitive abilities of dogs. Because of CBDs connection with ECS, giving dogs CBD may also improve the dogs skin health, because phytocannabinoids, including CBD, aid in the promotion of homeostasis (processes that maintain a steady state in the body). CBD for dog allergies may also help keep dogs normal skin moisture levels if applied directly to their skin.

It is even safe to apply CBD oil directly to dog skin that is affected by itching or hot spots. Meanwhile, topical balms, creams, and salve allow dog owners to put CBD oil on the affected areas of their dogs skin. Special shampoos and medicated rubs can be used, applying it directly onto affected areas of the skin, thus helping provide some immediate itch relief.

For now, if you are interested in learning how you can use CBD to help manage symptoms of skin allergies and atopic dermatitis in your dog, read on. For a more complete list of research about CBD and how CBD impacts skin, you can engage with medical professional and Loxa Beauty lifestyle, fitness & health writer – Doctor Monika Wassermann.

Additionally, giving your dog CBD oil will help strengthen their immune system and decrease their need for scratching, possibly even eliminating symptoms entirely, as long as you are treating the source of the itching. Not only does CBD provide healthy skin for your dog, it can reduce pain and help keep your dog calm and free from anxiety. Because CBD oil works by decreasing inflammatory cytokines, cannabis oil may ease chronic inflammation or pain in your dog. The combination of krill oil and CBD oil has anti-inflammatory properties, which mitigates inflammation and allergies on skin, thus, keeping dogs from experiencing short-term discomfort and pain.

To Refinance or Not to Refinance?

As a homeowner, it may be worthwhile refinancing a mortgage for a lower rate. Refinancing is the process by which an existing mortgage is exchanged for a mortgage with a lower interest rate. Of course, there are pros and cons to refinancing. Consider a mortgage repayment of 185,000 over a long-term loan (30 years) with an initial fixed rate for 2 years and a variable rate for the remaining 28 years of the loan. The fixed-rate is locked in. This rate cannot be changed regardless of the current interest rate.

 

The variable rate is a little more complicated. With a variable rate, the initial mortgage rate no longer applies. Homeowners will be subject to their specific bank’s buy to let variable rate, or the standard variable rate. These figures are published and updated by banks. At the end of the fixed-rate mortgage, the standard variable rate kicks in. For the most part, UK homeowners tend to prefer fixed-rate mortgages.

 

The interest rate cannot change for the duration of the ‘fixed’ period. This means that mortgage repayments are set, regardless of what the market is doing. If a low-interest rate is locked in at inception, this can prove especially beneficial when interest rates start rising considerably over time.

 

Unbeknownst to many first-time homeowners, substantial costs are involved with homeownership. The majority of the payments for the first 10 – 15 years of a typical 30-year mortgage is actually interest repayment. Minimal principle is paid down in the beginning, with the bulk of the principal being paid towards the end of the mortgage. For homeowners looking to refinance their mortgages, a good time to do this is the conclusion of the fixed-rate period. With a variable-rate mortgage, the actual number depends upon the national interest rate. The only time a variable rate mortgage works in a homeowner’s favour is when interest rates are dropping.

Is it ever a Good Idea to Refinance a Mortgage?

 

Mortgages can be refinanced, provided the property owner qualifies for refinancing. This complex process is especially difficult for self-employed individuals, since profit and loss statements, audits, tax returns, bank statements, debt to income ratios and other important documents are required. Besides the paper trail, there are many fees to consider. These include the following:

 

  • Loan origination fees
  • Property appraisal charges
  • The mortgage application fee
  • Survey fees/inspection fees/closing fee

 

The percentages are small, but given the value of a mortgage these figures quickly add up. Often, refinancing rolls the costs of the mortgage into the new fees. It’s entirely possible that a significant chunk of the principal that has been paid off may be lost in a refinanced mortgage.

 

Put differently, homeowners may find themselves back at square one, albeit with a lower interest rate. This predicament decreases the monthly burden, but it also decreases the equity in the property.

 

There are many aspects of mortgage refinancing to consider, and a lower interest rate isn’t always the best way to go. Therefore, people who want to refinance often seek the expert advice of financial experts similar to the ones at Create Finance (createfinance.co.uk) to consider how long it will take to pay off the costs of the refinance. An interest-rate reduction of at least 2% is worth pursuing. Mortgage calculators are useful tools in this regard. Unfortunately, refinancing costs can be substantial, and amount to 3% – 6% of the principal amount of the loan.

 

Savings that are enjoyed through lower interest repayments will still take many years to recover the costs of the refinanced mortgage. From a different perspective, refinancing can reduce the debt to income ratio, helping to improve credit scores and grow financial portfolios through additional homeownership.

 

What to do with More Disposable Income?

 

Mortgage refinancing increases disposable income. That’s because the raison d’etre for refinancing is lower monthly payments. Real money can be leveraged through different assets, investments and opportunities. Some folks invest in stocks, bonds, commodities, indices, and currency pairs. Others opt for an affordable entertainment budget and try their luck at an online casino platform, or the National Lottery. Regardless, it’s all about decreasing the debt burden and improving the quality of one’s lifestyle.

 

To make a long story short, refinancing is beneficial when there are substantial cost savings in terms of monthly mortgage repayments. The money can be put into retirement savings, home renovations, or a much-needed rainy day fund. The value of disposable income cannot be understated, especially in today’s tumultuous global economy.

Why Suburban Boroughs are ideal for your first home

There’s a lot to consider when buying your first home and from the carpet to the curtains you may have your hands full when it comes to pleasing everyone. But there’s a good reason many suburbs are seeing steep rises in house sales and you may want to keep these areas in mind for your first move. Whether you’re a single young professional looking to get on the property ladder on your own or you’re a growing family looking for a place to settle down, a home in a suburban borough may be the perfect spot for you.

 

Plenty of green space

 

One of the best parts about moving to a London borough or a suburban area is the plethora of green space you have access to. Spending time in nature is key for mental health, physical health and general well being so ensuring you have an abundance of it is pretty important. With shared ownership homes in Kent providing plenty of natural landscape and blissful countryside to enjoy you can get on the property ladder here with those boxes being ticked. Perfect for kids and plenty of picnics and run arounds in the park to be had, a home surrounded by nature is always a winner.

 

Good schools

 

Another reason to get on the property ladder in a suburb is the great schools and educational opportunities they offer. If you have little ones to think about, shared ownership homes in Berkshire could be ideal, with plenty of schools to choose from in the area as well as having great connections to the capital. With plenty of parks, golf courses, sports facilities and historical places to visit, this suburb is one to keep in mind if you have kids.

 

Safety and community

 

Living in a suburb will always feel different from living in the centre of a city and one of these reasons could be safety. With a close community and a friendly neighbourhood, suburbs are welcoming and supportive and can have you embracing a little more peace of mind when it comes to letting the kids play out or go out with their friends. Shared ownership homes in Surrey are greatly popular and with a great reputation, very high performing schools and plenty of Kent countryside, this suburban home is pretty ideal.

 

Housing schemes

 

One of the best reasons to move to a suburb may be the number of opportunities you have when it comes to buying a home there. New developments are always cropping up in these areas from shared ownership homes to help to buy properties, so you can find something that fits your future plans and your budget. Housing schemes are growing in popularity for the access they provide to the housing market for first time buyers and whether you’re browsing shared ownership homes in Hampshire or help to buy properties in Brighton, these schemes are a great place to start if you’re a first time buyer.