What Skill Do You Most Recommend Tigers to Learn?

In our previous discussion on Stock Trading: Do Talents or Skills Matter More?, most tigers believed that acquired skills are more important than talents in stock trading. What do you think is the most important skill in stock trading?

avatarMojoStellar
2024-07-04
thank you, @Tiger_comments, for this event. Through my experience,  I took up lessons on key skills like financial analysis and technical analysis, risk management, and emotional and decision-making. These skills are the foundation of the first step. Then, communities like tiger brokers and etc. There's risk in any investing. Therefore, I mentioned risk management and emotions. If you really lost money, listen to relaxing music, chill 😎https://youtu.be/y2VAULbCLfQ (I bet mood turned better)  @TigerEvents @Daily_Discussion @Emotional Investor @vodkalime
avatarAttap Kia
2024-07-03
In stock trading, several key skills are essential for success: 1. **Analytical Prowess**: The ability to analyze charts and trends is crucial for making informed trading decisions. 2. **Research Acumen**: Staying updated with market information and economic indicators helps traders react promptly to new data. 3. **Emotional Control**: Maintaining composure and adhering to trading plans despite market volatility is vital for managing risk. 4. **Meticulous Record Keeping**: Keeping detailed records of trades aids in strategy refinement and accountability. 5. **Discipline and Patience**: Knowing when not to trade and waiting for the right opportunities can prevent impulsive decisions. These skills, combined with a good mindset, can significantly enhance trading performance.
avataricycrystal
2024-06-29
$Tiger Brokers(TIGR)$   good to have both. at times luck plays a part but be cautious that luck may run out. so basics still important. skills would be necessary and talent is a plus... more importantly, [USD]  [USD]  [USD]  is needed.to trade... so don't just show me the coins, give me the coins [Evil]  [Evil]  [Evil]  [Chuckle]  [Chuckle]  [Chuckle]  come on everybody let us all say "show me the money" [USD]  [USD]  [USD]  and " give me the [USD]  [USD]  [USD]  [Happy]  [Happy]  [Happy]  @rL @Shyon
avataricycrystal
2024-06-29
good to have both. at times luck plays a part but be cautious that luck may run out. so basics still important. skills would be necessary and talent is a plus... more importantly, [USD] [USD] [USD] is needed.to trade... so don't just show me the coins, give me the coins [Evil] [Evil] [Evil] [Chuckle] [Chuckle] [Chuckle] come on everybody let us all say "show me the money" [USD] [USD] [USD] and " give me the [USD] [USD] [USD] [Happy] [Happy] [Happy] @rL @Shyon @koolgal @LMSunshine @HelenJanet
avataricycrystal
2024-07-03
$Tiger Brokers(TIGR)$   risk management is a very important factor. others include patience, discipline, checking emotions, and being contend (don't be too greedy as it can be dangerous if trading aggressively, not taking profits when you should). @koolgal @GoodLife99 @Universe宇宙 @rL @HelenJanet @LMSunshine @Shyon
avatarMilkTeaBro
2024-06-29
Bachelier used mathematical methods to prove that financial securities operate in an unpredictable and random manner. French mathematician Louis Bachelier modeled the stochastic process now called Brownian motion in his doctoral thesis, The Theory of Speculation. I use ETF  as my core portfolio, and I prefer to add position in bear market. Both talent and skills are illusions in my opinion.
avataricycrystal
2024-07-03
risk management is a very important factor. others include patience, discipline, checking emotions, and being contend (don't be too greedy as it can be dangerous if trading aggressively, not taking profits when you should). @koolgal @GoodLife99 @Universe宇宙 @rL @HelenJanet @LMSunshine @Shyon @Aqa @SP
avatarCYKuan
2024-07-04
the most recommended skill is the ability to join in a valuable and fruitful investment community, not necessary have to follow the trade of the peers, but the atmosphere of the group to keep own trade momentum moving, to get confidence & assurance from the articles that shared. To get reminder from the possible loop holes that we could possible overlook in the investment thesis, through articles/trades shared by the others. So stocks trading community involvements is a important skill recommended for other Tigers
avatarMrzorro
2024-07-03
I think discipline and patience are two very important skills that are essential for stock trading. Staying in the game is important because it allows you to experience both the highs and the lows, learning from them and making the necessary adjustments to your trading. Another skill I want to recommend other tigers must learn is Keeping a trading journal and regularly reading back through it provides one of the quickest and easiest ways to identify both what you’re doing right and what you’re doing wrong.
avatarSamlunch
2024-06-30
$Tiger Brokers(TIGR)$  When you’re about to make a trade and even during a trade, make your decisions like it's the most important thing in the world. But when it’s behind you - win or lose - it’s behind you. No Monday Morning Quarterbacking; "I should have" or "I could have." Move on... Next! This mindset is really crucial because it frees you to fully commit to the next trade with the same intensity, prudence, and passion as did on the previous. And that's what being a professional is about... consistency.
avatarAqa
2024-06-30
What trading talents one needs to enter the stock market? Strong analytical skills, with proficiency in technical analysis and fundamental analysis. One also needs to be persistent in maintaining a long-term investment perspective requires the ability to stay committed despite market fluctuations. Thanks @Tiger_comments @icycrystal
avatarSamlunch
2024-07-04
Having disciplined risk management is the most important trait to have in investing. When you spot an actionable setup, have clear and defined entry, stop loss, and profit taking levels. Sometimes the trade goes against you and you get stopped out, thats fine, move on to the next set up. Don't hold on to a losing trade and watch as your capital goes from 70% to 30% to zero. Preserve your trading capital to stay in the game. Otherwise it's back to flipping burgers 🍔
avatarTiger V
2024-07-04

Acquired Skills vs. Natural Talent in Stock Trading: The Power of Understanding Volume and Price Dynamics

In the realm of stock trading, there's a significant debate about whether natural talent or acquired skills play a more pivotal role. While innate talent might give some individuals an edge, the importance of acquired skills cannot be overstated, particularly in the fast-paced, data-driven world of stock trading. The most crucial skill for any trader is the ability to analyze and understand the relationship between price and volume—essentially mastering "naked chart trading." The Core of Trading: Price and Volume Stock trading boils down to the interplay between two fundamental components: price and volume. All technical indicators derive from these two elements. Therefore, instead of being overwhelmed by a myriad of indicators, why not focus on the essence of trading? By dedicating time t
Acquired Skills vs. Natural Talent in Stock Trading: The Power of Understanding Volume and Price Dynamics
avatarSamlunch
2024-06-30
$Tiger Brokers(TIGR)$  Keys to success: - Stay grounded - Take breaks - Set reasonable goals - Always treat yourself well - Stay ambitious, but patient - Learn from your mistakes Focus on what works for you. It's not about what works for others and there is no 100% perfect system. We have to carve our own path as we're all wired differently. That means how we trade, what we trade and even why we trade may vary vs what you see others doing.
avatartungleh
2024-06-28
I think skill is necessary but talent is good to have, i.e. A top up for the skill. I think skills like analysing the company is essential but talent could be selecting good company to analyse. For example, a skillful trader analyses 100 companies to find one good company, where as a talented and skillful trader analyses 10 companies to find one good company.
avatarMHh
2024-06-28
Definitely acquired learning. No one knows how to invest or trade by nature. It takes skills and knowledge and of course guts to be able to trade and invest. I don’t think I have much talents except to persist in my SREITS and getting dividends while I ride out the crappy returns now and wait for my capital gains to come when the Fed starts cutting rates. Just patience for now…
avatarMrzorro
2024-06-28
I don't know about others, but I definitely have no talent  [LOL]. I truly believe that making money through investing requires learning and experience. Everyone fell before, but what makes us get up and fight again is the things that matter! Always remember how and why we want to do this, and it reflects the purpose. keep fighting for financial freedom [Heart]
avatarHelenJanet
2024-07-04
Stock investment is not like gambling, we need to do alot of homework in order not to incur huge losses. Conducting thorough research like analyzing the financial performance of the companies & company fundamentals, be updated on the market trends & geopolitical factors are some of important factors in making stock investment decision.
avatarKubbie
2024-06-29
The knowledge, experience and skill sets gained through numerous dealings define how successful the person is faring in trading. Talents indeed play a big part in the person portfolio. However, the skills that he earns through various trading endeavours, success or failures, matter more in shaping the champion in him, differentiating the man from the boys.
avatarhighhand
2024-06-28
where got innate talent one? everything needs some sort of learning and acquired skill.  once you learn the fundamentals whether it's technicals or reading balance sheet, that's only 1 part of successful investing. the other part is psychology and discipline to follow the rules and stick to the plan. don't anyhow anyhow panic or trade than you can afford.
Invest in Global Markets with Tiger Brokers!
Open App