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Quality tips from stock market gurus

Posted By On 5/29/2008 11:23:00 PM Under
1. There are old traders and there are bold traders, but there are very few old, bold traders. Thus an individual aim should be to get into into the latter lot to make consistent money from the stock market.

2.  If you are suffering from the syndrome of "I can't sell that stock because I'd be taking a loss." than remember that selling doesn't give you a loss; you already have it in case the stock is trading below the buy price.

3. If entering in the stock market than be ready to lose money as it is a two way process like breathing and do not thus fall in the category of those who do not want to breathe out.

4. I have two basic rules about winning in trading as well as in life: 1. If you don't bet, you can't win. 2. If you lose all your chips, you can't bet.

5. Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there. It basically means that keep your plan of action ready and should be jotted on a paper and mercilessly execute the same to make money or lose money.

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