A stock tip list is one which you sign up for and receive stock picks through which identify the beginning of a trend in the stock market so that you can invest accordingly and this technology has become very popular amongst traders of varying experience levels in recent months.
The same technology used by professional traders day in and day out, let's take a look at the top three reasons why so many traders are choosing to outsource their trading work to a stock tip list.
Emotions kill more trades than any other reason in the stock market.
This is typically because traders don't know when best to exit their positions or oftentimes will stay in an investment too long because it has long been successful for them historically.
Using a stock tip list, the analytical process is taken out of your hands so that every move you make is the product of algorithmically crunched market behavior and nothing more.
A stock tip list, in addition to giving you tips/picks, gives you an in-depth idea of what to expect from that stock and gives you a very informed position on where to set your stop loss.
Having an exit strategy is essential to keeping the money and profits which you've made but so many traders lack a firm grasp on how to best do this, so it's a big help using a list to do that for you.
Some people liken running receiving tips from a stock tip list to hiring a broker.
This is a good comparison but it's much more cost effective than hiring someone to do your trading work for you because you're not paying out fees or commissions on the money which you make.
This is another reason for why stock tip lists have become so popular in recent years, or because it's a cost-effective solution to trading effectively in the market without having a background in business or investing or even the time to devote towards yourself.