seetha, thanks for asking.
A few suggestions.
The first thing to remember is that the stock market is a blood sport. Its brutal. Loaded with sharks waiting to take a chunk out its prey and return a later date to view the carcass.
imo the first thing to attend to is where you are at.
Rule 1. Never ever buy on a spike.
Rule 2. Be patient.
Rule 3. Never average down
Rule 4. Never bet with frightened money eg (money you cannot afford to lose)
Rule 5. Be observant. Focus locally, nationally, internationally on trends in market areas. Find the segment that appeals to you. Dissect it, understand it, read about it - build up a knowledge base for yourself.
Rule 6. Be ruthless in assessing the people operating the company. Are they Disallowed salesmen or do they have the skills, commitment and track record to build a company.
Rule 7. Once all your research has been completed take a position. Watch and see if your research has foundation. If momentum upwards begins, you may decide to increase your position.
Rule 8. Educate yourself on company fundamental analysis and charting.
Rule 9. Be prepared to take a profit. Decide your exit point and stick to it. Use stop loss triggers
Rule 10. Decide your investment philosophy. Risk taker or conservative.
Rule 11. Be wary of the herd mentality - they will empty your wallet and leave.
Rule 12. Watch market segments, watch global indicators, watch consumer trends.
Rule 13. You will not be right with all of your investments, accept that fact. You will win and you will lose. The key is to make sure your wins are on the positive side.
Rule 14. If the game gives your sleepless nights and effects your family or relationships - stop.
Rule 15. When you walk through the double doors into the the stock market, you are playing the tables. Its people telling stories from investors, to company promoters, to brokers, to financiers, share traders, etc - everyone has an angle - to make money. Remember.
.....in summary, invest a minimal amount to get the taste. Take emotion out of your investment decisions. Be ruthless. It will take time, but your own education will pay off in the long run.
Stocks - that is your choice and good luck
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