|Be On The Right Track Towards Becoming A Successful Stock Market Investor|
No Overnight Riches:
No One Is Immune From Losses:
The key to winning in the stock markets is to cut your losses by determining a loss tolerance limit. Stop loss orders might help in this regard.
Invest in a Sector you are Familiar with:
Invest in a sector or industry you are families with. This way you can use your industry knowledge to take more informed buy or sell decisions and bring home extraordinary profits.
Do Not Fight the Market:
Individual stock prices and the broad market movement depend to a large extent upon the overall 'Sentiment' prevailing in the market. If the market sentiment is 'upbeat', you would most likely make money going 'long' rather than going 'short'.
Keep Yourself Informed:
Movement in individual share prices depend upon a lot of variables which include stock specific and industry specific factors; as well as the economic and political conditions prevailing in the country (often an influencer of market sentiment referred to in the earlier point). By keeping yourself updated about these variables, you can emerge a winner in the long run.
Start By Reading The Following:
Do Not Go GA-GA Over Dividends:
Analyze Each Trade Carefully: