A lot of people have really bad portfolios. Most of my friends got into stock trading blindly. Before making a transaction.  Becoming a proficient stock trader requires dedication, education, and a disciplined approach to the financial markets. Whether you’re aiming to trade stocks full-time or as a supplementary income stream, following a structured path can significantly increase your chances of success. Here’s a comprehensive step-by-step guide to help you embark on your journey to becoming a qualified stock trader. It is very unwise not to understand theoretical knowledge. Explaining “How to Become a Qualified Stock Trader”. Please read quietly.

As investors we need to have:

1. Learning and adapting mentality: The stock market changes rapidly, and investors need to constantly learn and adapt to market changes. Maintain sensitivity to the market and promptly adjust investment strategies and portfolios to adapt to market changes.
2. Calm and objective mentality: Investing in stocks requires calm and objective thinking and decision-making, and not to be swayed by market sentiment. Avoid blindly following trends or panic selling and instead make decisions based on your own research and judgment
3. Patience and patience: Stock investment is a long-term process, so don’t rush to pursue profits. Investors need to remain patient and not make drastic decisions based on short-term fluctuations. At the same time, you must also be patient, avoid frequent transactions, and avoid excessive transaction fees and taxes.
4. Summarize the experience of failure: You cannot choose a trading plan blindly, especially options trading. 90% of option transactions are losses because options are operated by institutions such as private equity shark funds, and ordinary people’s trading news lags behind.
5. Educate Yourself: Start by building a solid foundation of knowledge about the stock market. Familiarize yourself with basic investment concepts such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Numerous online resources, books, and educational courses are available to help you understand the fundamentals of investing and trading.
6. Understand Market Dynamics: Gain a deep understanding of how the stock market operates. Learn how to interpret stock charts, analyze company financial statements, and identify market trends. Explore different trading strategies and methodologies to determine which ones align best with your trading style and objectives.
7. Pursue Formal Education: Consider pursuing formal education in finance, economics, or a related field. Many universities offer undergraduate and graduate programs specializing in finance, investment management, or financial analysis. A formal education can provide you with a strong theoretical background and practical skills necessary for success in the financial markets.
8. Practice with Simulation: Before risking real capital, practice trading stocks using a simulated trading platform or paper trading. Simulated trading allows you to hone your trading skills, test different strategies, and gain confidence without exposing yourself to financial risk.
9. Open a Trading Account: Once you feel comfortable with your knowledge and skills, open a brokerage account with a reputable broker. Choose a broker that offers a user-friendly trading platform, competitive pricing, and access to research and educational resources.
10. Start Small: Begin your trading journey with a small amount of capital that you can afford to lose. Starting small allows you to gain valuable experience while minimizing potential losses. As you become more proficient and confident, you can gradually increase your trading size.
11. Develop a Trading Plan: Create a well-defined trading plan that outlines your trading goals, risk tolerance, and strategies. Your trading plan should include entry and exit criteria, position sizing rules, and risk management strategies. Stick to your plan and avoid making impulsive decisions based on emotions.
12. Stay Informed: Stay abreast of market news, economic indicators, and company developments that may impact your trading decisions. Follow financial news websites, subscribe to market newsletters, and participate in online trading communities to stay informed and connected with other traders.
13. Manage Risk: Prioritize risk management in your trading strategy to protect your capital from substantial losses. Use stop-loss orders to limit potential losses on individual trades, diversify your portfolio to spread risk across different assets, and avoid risking more than a small percentage of your trading capital on any single trade.

So I feel very sad to hear that many friends’ stock accounts are still in the loss stage and they have no new funds to buy high-quality stocks. There are people who participate in stocks in the group, and most of the stocks are profitable.

Therefore, I hope that friends who have lost money by trading in the stock market can profit price and the stop loss price. Use your capital to trade high-quality stocks.

Today’s theoretical content has been explained. Please read carefully. If you have any questions, you can discuss them.