Collection Of Useful Tips For New Traders To Keep In Mind
Don’t Catch The Falling Knife
Chasing rising stocks will have you bag holding in no time. Look for good entry points. People all over the internet have incentive to convince retail investors to buy into stocks that have already peaked.
Buy The Hype, Sell The News
Buy in on rumors, not after official stories drop. Sell stocks before the big PR announcement, because everyone else will be doing the same.
Discipline Will Reward You
This applies only to value and blue chip stocks. Aside from penny stocks, holding will reward you more often than not if you are currently in the red. As Warren Buffet says, the stock market is where the patient take money from the impatient.