1. WARREN BUFFETT has made a quote worth millions and it goes"It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price"and the same provides the crux of trading in the stock market.
2. One must make his own set of rules for trading and thereafter stick to it. One will need to undertake the hit and trial method before one finds the rules which suits an individual risk profile.
3. Always exit from a stock if 8-10% depreciation is seen in the stock.
4. Never risk more than 3% of your portfolio on any one trade.
5. Never get married to a loss making stock.
6. Ride the trend and let the profit making tips keep going and exit the stock if it starts to fall.
7. If a stock is rising beyond belief, don't jump out in fear of it that the stock will fall to ground and this sums up the requirement of riding the profit making tips.
8. Be aware of stock market jargon.
9. Enjoy stock trading and one will find that one is making better judgements with a free mind.
10. Remember fortunes are made by slow and steady efforts and thus one has to be just above average to get on to the path of becoming tomorrow billionaire. Do not look as a single trade that it will make you the millionaire and thus one need not strive to be a millionaire in a single day. Ensure consistency and discipline is engrained in you. Do not try to be extraordinary as it has a number of pitfalls as a single mistake will wipe your all profit.
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2. One must make his own set of rules for trading and thereafter stick to it. One will need to undertake the hit and trial method before one finds the rules which suits an individual risk profile.
3. Always exit from a stock if 8-10% depreciation is seen in the stock.
4. Never risk more than 3% of your portfolio on any one trade.
5. Never get married to a loss making stock.
6. Ride the trend and let the profit making tips keep going and exit the stock if it starts to fall.
7. If a stock is rising beyond belief, don't jump out in fear of it that the stock will fall to ground and this sums up the requirement of riding the profit making tips.
8. Be aware of stock market jargon.
9. Enjoy stock trading and one will find that one is making better judgements with a free mind.
10. Remember fortunes are made by slow and steady efforts and thus one has to be just above average to get on to the path of becoming tomorrow billionaire. Do not look as a single trade that it will make you the millionaire and thus one need not strive to be a millionaire in a single day. Ensure consistency and discipline is engrained in you. Do not try to be extraordinary as it has a number of pitfalls as a single mistake will wipe your all profit.
Subscribe To Get Free Stock Market Tips in Email Here
