There are expert traders, a lot of smart people, and thoughtful common men and women in this business and
all of them are on a quest to predict the mood of the market.
Everyone is concentrated on the spiral curve of stocks. You don’t need to outwit them, but tag along.
Bet on the winners, bet at the right time, and know when to stop. That’s the mantra of successful stock
trading.
Now, the brokers or agents play an important role in identifying stocks for you. Choose them judiciously as
they choose your wealth almost all the time. High commission doesn’t guarantee you great results.
There are brokers who charge minimum commission, but provide valuable service. You have to choose them with
care. It doesn’t mean you have to depend on the brokers for life. You can start your research and start expanding your knowledge
about the tricks of the trade.
Identify the industry’s myths and stay far away from them. Never ever go for a dipping stock and expect a miracle turnover in a short period time. Statistics says that a dipping stock is usually doomed to failure. Bet on the horse that is winning, but again don’t go overboard. It’s all about holding yourself back.
Patience is virtue and that’s especially true in trading. The markets swing both ways both up and down.
When things are looking up it’s easy to stick on, but when it starts its downward trend, be patient.
Wait for things to change and hold on to stocks of whose fortunes you are confident of changing.
