They just update our Beta Badges again… They remove burner from our new Beta Badge. Which was situated under our Beta Badge. Anyone noticed yet ?
I just saw they update our Beta Badges. They remove burner from our new Beta Badge. Which was situated under our Beta Badge. Anyone noticed yet ?
Happy Birthday Jo; Wish you all the best Sorry for delay
As someone said earlier, when investing you need to use stop losses. This is an automatic sell order that triggers at a price you specify. I set my stop losses between 10 – 15% from my entry point. This means I always know exactly the amount that is at risk. It also means you will never be holding onto a stock that goes down 50%, it will have already been sold when it hits your stop. Never invest more than a 6th of your total capital on one stock, and insure that no more than 10% of your capital is at risk at any one point.
Very good info. Thanks for this details. Don’t know lots of things
If you try again, you need to have a read of the following books first:
Naked Trader – Robbie Burns Selecting Shares That Perform – Richard Koch Sell And Sell Short – Alexander Elder Trading in the Zone – Mark Douglas
Finally, if you find all your stop losses get hit, take a month away from the market and work on your knowledge of the market instead.If you read those books and do what they say, you will be fine. Most of it is psychology.
They sure was mad when they write those books.
Most people hold on to their losing stocks in the hope they will go up, and sell their winning stocks early to bank some profits. You actually need to do the exact opposite, sell the losers as fast as possible, and ride the winners for all they are worth. Good luck and don’t worry, all successful traders started out as not so successful traders
Lets hope that way for everyone who is not successful now
Thing about the stock market is, like you said, you really really have to know about the company inside and out before investing in it. Also, there’s day trading and then long term investing. Two vastly different strategies. People can make the mistake of dabbling in between. Also, as someone mentioned stop-losses are key. If you look at any wealthy investors/entrepreneurs, the common trait is a keen ability to minimize losses. Really, that trumps bringing in more cashflow!
xstortionist saidHow sweet of you guys… Thanks for inspiration.
I generally look for splits when investing in the stock market. You have to take risks in life to get ahead, no one will ever come to your doorstep with a pile of money or job application. So you lost a lot of money, don’t sweat it, get back up on the horse and ride another day. It’s only money right? Just go out and make more of it! If you are really interested in the stock game, learn it like the back of your hand and then give it another go. Surround yourself around people who are also in the stock game, learn from their mistakes and find out what their best advice is to make you more successful. It’s really a numbers game to be honest.