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Make sure you don't get into the stock market before you are ready.

3 posters

Go down  Message [Page 1 of 1]

Asoka Samarakone


Expert
Expert

Make sure you don't get into the stock market before you are ready.

I really do believe that anyone can attain wealth with only the basics of education. I know this because I've seen it firsthand. I've experienced it as well. What I have seen is that many Retail investors have very little knowledge about the stocks they purchase or trade on. This is quite risky, as at the end of the day the stock market is not a place to gamble with your hard earned money.
Don't think you have to know everything. It takes years to understand investing, and no one fully knows exactly what's happening all the time. You will make investment decisions with as many facts as you can assemble but you have to realize that you can never really know everything. One of the secrets to investing is learning your own trading method(s) that work for you. You will likely lose money during this learning process, but if this loss helps you achieve this level of understanding then you can financially afford the loss.
The stock market is a crazy thing to predict! Stocks are not necessarily priced at what you think the stock should be priced at. They are not even priced by how you think the market will react to the news. Experienced traders can make money jumping in and out of a stock that’s caught the public’s attention, but it’s not a game for the inexperienced. Short term traders buy a stock which is moving up hoping that it will move up and sell out to them at a later date.
If you can catch just two index points on an average day, you can make a comfortable living as a day Trader. Make several trades each day and have each position closed by the end of the market day. This practice is known as stock market day trading. Not every trade you make will be a winning trade, so you must make sure that you make more money from your winning trades than you lose with your losing trades. So find what works best for you and make a habit of doing your homework. You’ll trade more decisively and reap the benefits of daily preparation!
One must creatively study the markets and try to devise an innovative trading plan. It takes a great deal of experience and thought, but by using the proper perspective, gaining extensive experience, and honing your trading skills, you can break away from the masses, and trade consistently and profitably. You only have to do very few things right so long as you don't do too many things wrong.
Think positively, expect only favorable results and situations, and circumstances will change accordingly. It may take some time for the changes to take place, but eventually they do.
Talking to individuals who are knowledgeable and have expertise in the strategies and methods related to stock trading will be very helpful. They will be able to give you invaluable information and details about the most effective methods to take to make your trading experience profitable and successful. Everyone knows that in today's world knowledge is power and when it comes to making money from investing this is definitely case. The more you have been taught about how to invest in the stock market, the more likely it is that you will make money from investing. The reason why the rich are getting richer is because they have been taught how to invest by their rich friends
It’s so easy to get excited when a trade develops exactly like your plan. It’s equally easy to get frustrated and mad when a stock goes the wrong way. Trading is not always easy. They say if it were easy, everyone would be doing it. The truth is that there is as much chance of losing money in the stocks as there is of making money. A lot of people are afraid to invest in the stock market because they have heard tons of horror stories about people losing their savings and retirement money in the stock market. The fact is, many people either don't have a clue how or don't feel they need to protect themselves from unnecessary risk. In most cases you don't even understand all the types of risk your investing is exposed to. When investing in stocks or any investment instrument there is a lot more risk than most investors think
it is a good idea to bear in mind, and to get to grips with exactly what you can do for your trading, it remains advisable to ensure you know what you're doing before meddling with products, Discipline, patience and a willingness to learn is the key - in this game, knowledge is power, and ignorance can be a very expensive state of mind.
The positive thinker sees the invisible, feels the intangible, and achieves the impossible.” Enjoy what you do. Keep calm and stay as unemotional as possible – you will be more successful.
By
Asoka Samarakone

sriranga

sriranga
Co-Admin

Very constructive for new comers.
Really appreciate your posts.
Keep it up.

http://sharemarket-srilanka.blogspot.co.uk/

hirankb

hirankb
Senior Equity Analytic
Senior Equity Analytic

worth the weight in gold.

excellent work.

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