Luck can play huge role in stock selection & market forecasting. Why not boost your luck? There are several ways to boost investors luck in stock markets.
Luck is extremely essential to gain profits particularly in short run. Your performance in the short run is not an indication of the level of skills you own.
It is because you can do everything right & still fail or you can do everything wrong & succeed. But, luck along with skills is needed to gain profits in the long run.
According to Michael Mauboussin, head of Global Financial Strategies at Credit Suisse, you can’t get success through pure luck & no skills. Similarly, pure skills & no luck are also not workable.
Your success in stock investment resides somewhere between skills & luck. You don’t have to make any kind of guesses in the market.
You just need to sharpen your skills & boost your luck to get a balance between the two. Here are 6 great tips to enhance traders luck in share markets:
[You can also watch an exciting video on this post from GetUpWise channel on YouTube.]
(1) Good & Relaxed Mood
It is one of the best ways to boost investors luck in stock markets. Mood is the key element for enhancing your luck. When you are in a good mood or relaxed physically & mentally, your mind becomes more expansive.
It means your ability to make profitable decisions increases significantly. Overall market sentiments can drive stock prices on either side. In good mood, you can easily & quickly find stocks that are overvalued or undervalued.
Smart traders & investors can utilize various indicators to measure market sentiments. Some of the technical indicators to measure market sentiments to find best stocks include CBOE Volatility Index (VIX), 52 week High/Low Sentiment Ratio, Bullish Percentage, 50-day moving average & 200-day moving average.
These indicators can help you to select the best stocks to trade or invest.
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