Serge Berger Shares 3 Crucial Tips For Successful Trading And Investing

A couple of weeks ago, the Steady Trader’s head of investment strategy, Serge Berger, posted a video revealing three organization tips he considers crucial for successful trading and investing.

"Many people dream about becoming active investors and traders," he said. "The problem is most people live such busy lifestyles that it’s really challenging for them to even get started on that path."

While Berger recognizes there are several aspects important to becoming a successful active investor and being able to manage one’s personal finances, he believes the most important is becoming organized.

So, without further ado, here are the three things investors need to know about active investing:

1. Set Aside Time

The trader recommends getting into a rhythm of setting aside specific times every day for your investing-related activities. Preferably, this should be in the morning, at some point around noon and again before the market closes. This last one is particularly important not to "get stuck in a position overnight."

Getting into a rhythm makes people much more prone to take this seriously, Berger assured, and makes it easier for them to stay on track.

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2. Use Modern Technology

Berger emphasizes the importance of modern technology for trading. Apple Inc. (NASDAQ: AAPL) iPads and iPhones, Twitter Inc (NYSE: TWTR) and other similar technologies are crucial for investors with active lifestyles who do not work with a lot of spare time.

"That’s the beauty of these days. You can do a market research and trade (…) from anywhere. That’s what I do," he added.

3. Take Notes

"If you want to be a serious active investor and trader, particularly if you have a busy lifestyle, you need to take notes," Berger exhorted. "Because if you don’t take notes, you are probably going to lose track of what you are researching, what your latest thought was."

Once again, Berger recommends using technology for this. Dropbox and Google Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) are some tools that could come in handy.

Image Credit: Public Domain