Trading Stocks Online - Setting Targets

When you set foot on any business venture, you need to
define your targets. There should be a long-term
target and short-term one. In fact, your whole trading
schedule should revolve on it. This would, if not
anything, give you a sense of direction.

If you have direction, then the way becomes clear and
the target can be achieved by careful traveling. In
stock terms, setting targets would be defining numbers
or money.

You can set a long-term target of "n" number of stocks
by the end of the year valued at "x" sum of money.
Short-term targets should contribute towards the
larger goal.

In this case scenario, if there is a bear and bull run
you would know how much you should buy and how many to
sell. Shortly put, you would know what you are doing
and be rest assured that you are going through the
right direction.

If 10 big stocks would fetch you the money that 100
stocks combined would give you then you can crunch the
numbers, see if it tallies up with your target and
make the decision.

Sometimes, a bulk investment may fetch you a handsome
return. There is nothing wrong in going for it. But
make sure that it is a calculated risk. If this is the
one you are ready to roll your dice on, let there be
supporting stocks that will hold you good even if you
lose the roll of dice.

A bird’s eye view on the target always hits the bull’s
eye!