First off, remember to have an exit strategy every time you begin a new trade. You should never go into a trade blindly with the idea being that you'll get out once that trade reverses or becomes unprofitable in your mind.
Most people don't have any idea of when a trade has become unprofitable. This doesn't simply mean that once that trade begins losing money, but the more money which a trade has earned for you, the more difficult it is to exit your position at a sensible time. By outlining an exit strategy from the beginning it's essential that you stick to that plan and get out when appropriate in accordance with that strategy and most importantly not letting your emotions get in the way and drag you away from that.
Emotions are THE most common source of lost stock market profits which is why the only guaranteed way to cut them out of the equation altogether is to keep the next 2 tips in mind.
Secondly, if possible, employ a broker or full-service broker to handle your trading as well as your analytical work for you. While it's expensive paying out fees and commissions, these people do their job and exists for a reason to ensure that you constantly land on the winning end of your trades.
Finally, think about outsourcing your analytical work to a stock program. These are programs which use the same technology as used by professional traders. These programs build databases of past successful and breakout market behavior in order to put together a picture of what to expect in the short term from contemporary stocks by applying the same factors which led to outbreaks in the past to contemporary behavior.
Every move which you make as a result is nothing more than the product of algorithmically crunched market behavior and nothing else making it the most reliable way to invest because the motions and other harmful human pollutants are not able to have any impact on your trading and consequently are left out of the equation altogether and on top of that they are extremely affordable these days and do not cut into your stock market profits by taking commissions like a broker does.
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