if you had to start over..wisdom appreciated, page-9

  1. 5,510 Posts.
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    1......set up a watch list (cue, the financial press )

    2......track movement in the share prices

    3......remove shares which don't have a regular pattern of rise /fall /rise

    4......get familier with the fluctuations so you can foresee them , more or less
    .....keep a track of results annoncements to help guess the trend

    5.....trade the fluctuations
    .......50k at 15c = $7500........at 15.5c = $7750 ,
    .........less $56 to broker (or $40 in one of those comsec accounts ) profit $194 (or $210)

    6.....don't overcommit ,lest you lack free funds when an opportunity arises
    ........don't buy early in the day when prices are often higher

    7.....remember it is less painful to make a modest profit than to wait for a bigger one but miss out .
    ........you are not trying to be a m'aire o'night
    ........'leave some for the next bloke'

    8.....stop loss a good idea at the outset

    9.....keep a good stock of grains of salt,
    ........guard against wishful thinking

    10....trade on paper only for a month and see how you go


    good luck !




 
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