Well for me I've been trying to make my selecting on swing trades in the micro-jnr shares far more basic ....getting too complex just takes to much time for my liking as too why I like to keep an eye on companies I've traded in the past I already know much of the details / history doesn't take long to catch up on the latest fundamentals then of course some T/A before looking to place the trade..
I agree on taking the macro view before the micro then working your way down to a good choice ...i.e Iron ore - FMG-AGO short etc
I'm looking at taking my first CFD trade for some time this week...now IMHO I'm going to have to be much more selective and risks adverse ....
Some other basics I'm going be make sure to follow ....
...Follow the momentum / trend
-Don't over trade ..try catching a falling knife
-don't let greed or fear rule over making a solid profit no harm it letting the next guy make a few dollars..set targets etc
-Tight stop-losses / trailing stop losses get it wrong take it on the nose and get out...
-Don't over leverage a position ...always have a good amount of cash on hand
-Keep away from stale shares even if hugely undervalued (got a few stinking up my portfolio)
etc .....
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