There should be some rules and principles in your life.
Those rules will define your success and build a character over time.
In this thread I will write many rules and practical experiences.
Those rules will define your success and build a character over time.
In this thread I will write many rules and practical experiences.
1) Pay all bills before speculating.
2) Don’t speculate with another person’s money.
2) Don’t speculate with another person’s money.
3) Don’t neglect your business to speculate.
4) If the market makes you irritable or interferes with sleep, you are wrong.
5) Don’t use in the market money that you need for other purposes.
4) If the market makes you irritable or interferes with sleep, you are wrong.
5) Don’t use in the market money that you need for other purposes.
6) Don’t go joint account with a friend - Play a lone hand.
7) Don’t give a BROKER discretionary powers.
8) The broker who demands a large margin is your friend. Only a bucket shop wants you to trade on a slender margin.
7) Don’t give a BROKER discretionary powers.
8) The broker who demands a large margin is your friend. Only a bucket shop wants you to trade on a slender margin.
9) Don’t buy more stock then you can safely carry. Over trading means forced selling and losses.
10) Get accurate information. Demand facts not opinions.
11) Don’t take advice from uninformed people – they know no more than you about the market.
10) Get accurate information. Demand facts not opinions.
11) Don’t take advice from uninformed people – they know no more than you about the market.
12) Use only a part of your capital in a speculation.
13) Don’t buy “cats and dog” in stock market. Cats and dogs means unseasoned stock. Buy good standard stocks that have stood the test of time.
13) Don’t buy “cats and dog” in stock market. Cats and dogs means unseasoned stock. Buy good standard stocks that have stood the test of time.
Remember this fact good stocks always come back – Unknown stock may disappear with time.
14) Don’t be in hurry – there is plenty of time to buy goods stocks. Investigate each stock thoroughly before you buy. Remember it’s easier to buy then to sell.
14) Don’t be in hurry – there is plenty of time to buy goods stocks. Investigate each stock thoroughly before you buy. Remember it’s easier to buy then to sell.
The salability of a stock is very important. The market moves up slowly but goes down very fast,we have seen it in 2020 March.
15) Be prepared to buy your stock outright if necessary. If you can’t do this, you are taking chances.
15) Be prepared to buy your stock outright if necessary. If you can’t do this, you are taking chances.
16) The market is most dangerous when it looks best, it is most inviting when it looks worst.
17) Don’t get too active. Many trades many losses.
18) Long pull trades are most profitable. Don’t try to how to guess the market.
17) Don’t get too active. Many trades many losses.
18) Long pull trades are most profitable. Don’t try to how to guess the market.
19) Don’t dream in the stock market have some idea just how far your stock can go.
20) Remember that the majority of traders are always buying at the top and selling at the bottom.
20) Remember that the majority of traders are always buying at the top and selling at the bottom.
This one is very imp -
21) Don’t buy fads or novelties – be sure the company u are becoming a partner in makes something everybody wants.
22) Don’t finance someone or new inventions unless you are wealthy.
23) Always ask who manages the company whose stock you want to buy.
21) Don’t buy fads or novelties – be sure the company u are becoming a partner in makes something everybody wants.
22) Don’t finance someone or new inventions unless you are wealthy.
23) Always ask who manages the company whose stock you want to buy.
24) Don’t listen to or give tips. Good tips are scarce and they take a long time to Materialise.
25) Sniff it inside information, it is usually bunk. Big people never talk about their operations.
25) Sniff it inside information, it is usually bunk. Big people never talk about their operations.
26) There is such a thing as luck but it does not hold all the time. Don’t average unless you are sure you know your stock.
Don’t buy more stocks then you can afford, just to look big. If you are a 10 share man, don’t be ashamed of it.
Don’t buy more stocks then you can afford, just to look big. If you are a 10 share man, don’t be ashamed of it.
27) Use your mistakes as object lessons, the person who makes the same mistakes twice deserves no sympathy.
28) Leave short selling to experienced professional.
Don’t blame the stock exchange or broker for your own mistake.
Thank you for reading.
28) Leave short selling to experienced professional.
Don’t blame the stock exchange or broker for your own mistake.
Thank you for reading.
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