new to this game, page-3

  1. 5,382 Posts.
    G'day Hustler
    Better get some good books on the market and decide how you want to play. You have to design your own plan, funny but true. Get it firmly in your mind that its no gravy train though and your more than likely to do your money, not to mention your brain, marriage and health. The trouble seems to be that our brains work in the opposite way to what is required for the markets, fear and greed tend to rule.
    So learn, above all have a stop loss determined before you buy and never ever fail to act on it, easier said than done. As stated previously this is the number one rule.
    Don't trust anyone, particularly yourself. There are lots of stories around about stocks etc, they are all just stories and some may even come true. It doesn't matter all that much about the story, price is the all important thing, so watch that.
    As Huey Lewis said, "you've got to go to hell before you get to heaven", however most only do the first part.
    Keep in mind also that the fact that you are interested in the markets is most likely a good indication that they are about to fall.
    Good luck
    cheers
    Rod
 
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