1st thing to learn is money management, dont think you will make money, learn how not to loose it first
never loose more than 15 % on any one position
never buy into something without a stop loss, always move your stop loss up when you are if profit, to capture your profit
never ever ever average down on a spec
never place more than 5 % of capital in any one stock
never ever ever ever buy into a downtrend stock
never buy into something that has had a director selling in the previous year
never buy into any spec with under a years cash ( until they raise)
never believe management ( do not call them - they only tell you what you want to hear ), beleive the share price
never buy into something that trades under $ 50,000 worth a day if you are new
once you know how not to loose money, making money isnt that hard
always buy into stocks going up, thats it, it aint hard
then see how not to loose maony
I was once told it takes 10,000 hours to master something
40 hrs week X 50 weeks X 5 years
if i was going to a doctor Id want at least that, you are going up against profesionals in this game
probably takes 1,000 hours to get to a level where you understand the market and how it works
- Forums
- ASX - Day Trading
- where to start learning?
where to start learning?, page-11
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online