Back tracking, how did you make money on the stock market this past year?
Public Comments
- Past performance is no indicator of future performance.
- Mutual Funds!
- By selling the stocks i owned.(no pun intended) The ones i clung on to being greedy and hoping they will continue their upward move have caused me grief. I have found that it is more important to know when to sell and book your profit than to know what and when to buy. Thankfully I have been able to preserve my capital and might live to invest another day . check out http://www.stockinvest.in/stock-sentiment/#more-4
- To make money in the market (any one) you need 1-always have a trading and an investing plan. 2-incorporate sound money management in both 3-be very disciplined Never invest 100% of your investing capital in any one stock. If the stock/option drops 8% from the purchase price get out of it. Never buy against the trend. Never average down If the price of the stock moves up 100% sell 1/2 of it and ride the rest. Never enter an order unless you know where you are going to get out. When your buy order is executed always enter a sell stop order. For investment grade stocks 1-diversify 2-ignore guru predictions 3-avoid cheap stocks 4-follow he big players 5-buy only profitable companies 6-buy comnpanies wih low debt 7-buy companies with a strong price chart (up trend) Following these rules it's was very easy to average a 10%-15% monthly return.
Powered by Yahoo! Answers