Here is a start:
-Diversify - (you could make 100% a year and lose it all to a scam 15yrs from now).
-hire the right people to help you.Brokers,accountants etal
-read
-learn about fundamentals more than charting. They always win in the end :-)
-learn how to survive bear markets
-put 40-50% of people on hotcopper on ignore - ive been in this business since tech days and met a lot of traders along the way and can tell you that a lot of them lose more than they win and what they have won are flukes to be lost in the future.
-identify the good posters - tip- they arnt the ones with quantity on their mind and the good ones are always respectful on this forum- they also usually dont trade full time but professionals in their areas of business.
-learn that if it looks like a bubble and smells like a bubble then it is one. (commodities not yet).
-Learn that gold is money and not a normal commodity.
-learn that money is not easily made, and those that profess they are good at it, probably arnt.
-know that every fool makes money in a bull market.
-when it comes to money- no-one is your friend.
-Learn about history. :-)
-Accept critisism and dont shoot your mouth off when u receive it.
-Keep success to yourself and dont put others less fortunate than you down.
all the best
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