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6 Tips to be Successful in Stock Market

Posted By On 12/26/2008 11:19:00 PM Under
1. One must venture in day trading only if one knows the ins and outs of the market. One must remember that day trading is a risky job and thus one must not lose his permanent job in favour of day trading job.

2. Read fine print of the broking platform and brokers to avoid being caught unaware; else one will be filling the pockets of the brokers.

3. As a thumb rule do keep on booking profit in volatile market and 12-15 percent can be an ideal target for booking returns.

4. As a thumb rule one can sell a stock if it falls below 16-18 percent of its original value. Thus the importance of stop loss comes in picture. However if one has researched a stock properly than one can hold this stock.

5. Avoid investing in the penny stocks. Remember that quality stocks appreciate faster than penny stocks.

6. Be proactive and acquire information related to stock market from the web, television and brokerage reports etc and also keep on increasing knowledge by reading day Trading Tips to make money from the stock market.

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