Golden Rules of Stock Market - Stock Market Secrets
- Stock Market is not a way to earn Easy Money – 95% people loose money and only 5% make Money
- Nobody knows exactly what’s next – Every day is a fresh day in Stock Market
- Intraday is the most destructive weapon in Stock Market – You can win in 7 Trades out of 10 but the rest 3 trade can eat your all 7 trade gain as well as capital too.
- Stock Market checks your Caliber – One day you will loose an amount huge enough which you would have never imagined to loose and after that day if you are still in market means you have a calibre to take tough decision
- If you can not earn in initial days try to sustain that is also a big achievement
- Beginners – Want to be a Trader in Stock Market Bring only that money which you can afford to loose
- Never buy a stock based on suggestion of friends or TV experts, Do you own research
- Devote Sufficient Time for own research, Keep a track on your portfolio performance, check every single news related to the stocks you own and Try to analysis the same - if you are not doing any of such act – Go to Mutual Fund route as Stock Market is not for you
- In Stock Market either you earn or you learn
- Never Try to catch a faling knife – Recent Example – Vakrangee, PC Jewellers & Manpasand Bewerages
- Learn to book looses unless its too late – Every trade is not profitable so its better to admit your mistakes
- Never Put all your funds in one go in one share – always work upon a portfolio and keep looking for opportunities with some fund in your hand (Cash)
- Don’t average a stock because it has fallen too much – Average it if you have confidence on your research and patients to hold it for long term
- Traders Loose mostly and investor loose rarely
- To maximize your gains be a trader cum investor and maintain separate funds and portfolio for both – Never mix your investment with your trading
- In option trading – Winning % of option writers is 75%, So, why don’t you follow winners
- It is always better to book small profit unless you have long term plans
- Decide when to enter and when to exit and respect your decision instead of regretting it.
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