A nobody
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Learn what you're doing, before you do it, and if you're going to invest/trade, be the best you can be.
I started when I was 12 years old, and the advice was right then and holds true today.
I was given 4 rules to follow back then, and still use them and have shared them with others
To trade/invest you must have
1 - A written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself.
2 - Sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you trade/invest.
3 - A written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested.
4 – A full and complete understanding of the rules & regulations of the industry.
These rules helped me, I hope I have help you |
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jeff410
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To start as early as possible. |
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KSprad
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Buy into my company's 401k.
At least to the maximum amount the company matches. |
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traveler
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I agree to starting early. Study and research your investments
Easy does it, don't risk more than you can afford to lose.
Invest in yourself, attain a good balance with your life with what is most valuable.
If you want to get rich, learn to live on half your income. |
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Common Sense
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Read 4-6 books on investing before you do anything. |
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CS101
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Be your own advisor, do your homework and learn. Never ever buy a loaded mutual fund. |
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bb5999
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read, read, read, everything you can get your hands on. |
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Alex
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When I was new to stock trading I have aproached for every possible help. But one wise person had turned me to towards http://www.sogotrade.com an online stock trading firm who helped me alot for trading in stocks that too at very less price next to negligible.
I believe thats the best advice I got ever since I enetered this industry since it had impacted alot and is one of the reason of my success. |
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takuwan_199
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For me the best advice I got was from my father.
"In order to invest, you have to learn how to save first."
Simple but true
and from somewhere (forget)
"If your investing, know where your money is going"
Shocking how many people buy a stock but don't know even where it is going. |
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GSC
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Lesson 1- Buy on dips, sell on rise.
Lesson 2- Never buy because you heard from someone
Lesson 3- If markets are 15% either way than a price on one day; that is the most possible future direction
Lesson 4- Rise will fall- never invest in a high rising stock hoping it will just only go up
Lesson 5- Be patient |
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paul s
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buy excellent stocks and forget them.
when you buy a trading stock, pick a price you will sell, high and low, and stick with it.
never buy a stock that costs less than $8.
It's only money. |
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