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Ten Tips to Succeed in Stock Market
| | Tuesday, July 03, 2007 @ 08:05 AM EDT
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Contributed by: colenelim
colenelim Properties
Read more archived articles about Credit and Finance
1. Cut your losses. Let your profit run.
2. Learn from your losses.
3. Don’t be greedy.
4. Never leverage in a losing position.
5. Observing.
6. New mindset to beat the market.
7. Discipline and patience is the key to win.
8. Apply only few strategies to suit different stocks.
9. Narrow down your focus.
10. Find a good mentor.
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Ten Tips to Succeed in Stock Market
1. CUT YOUR LOSSES. LET YOUR PROFIT RUN.
Always remember to set stop loss point.
2. LEARN FROM YOUR LOSSES.
Make each loss as a lesson to enrich your investment experience.
3. DON’T BE GREEDY.
People always turn their large profits into losses because of greedy.
4. NEVER LEVERAGE IN A LOSING POSITION.
Most of people try to leverage in losing position. It’s a BAD idea.
5. OBSERVING.
Standing aside is a good idea when you cannot judge which the coming direction is.
6. NEW MINDSET TO BEAT THE MARKET.
Nowadays, fast money is the new market trend, long term trading already out dated.
7. DISCIPLINE AND PATIENCE IS THE KEY TO WIN.
Don't chase high if you are not sure when will the market reverse.
8. APPLY ONLY FEW STRATEGIES TO SUIT DIFFERENT STOCKS.
Using too many strategies will make you confuse.
9. NARROW DOWN YOUR FOCUS.
Do not try to focus on too many stocks at once. Limit to 6-7 counters.
10. FIND A GOOD MENTOR.
A good mentor is the golden key to your investment success.
Note: Dr. Steven Lee (Ph.D) is an investor, entrepreneur, and educator.
He has spent the last few years writing books and conducting investment trainings.
Author: Dr. Steven Lee (Ph.D) is the creator of “Power System” and also the author of two books on how to invest in stock market. There is "Creating Wealth in Stock Market" and "The Magic Idea of Getting Rich". # 1 Best-Selling Author of Creating Wealth in Stock Market
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