There are many rules that you must learn about the market. Mark Douglas outlines 5 fundamental truths and 7 principles of consistency one must follow in the market to make sustainable and consistent returns. One of the rules is that
ANYTHING CAN HAPPEN. This means that there are a myriad of variable unknown to each person in the market which interact with each other to move price. YOU DO NOT HAVE TO KNOW ABOUT ANY OF THESE TO MAKE MONEY IN THE MARKET. This means you must know your risks before you enter a trade. That is, where is your stop. Where is your Entry. How much should you buy, when you should buy and when you should sell.
Unless you do not know the above you will forever be wondering and gambling or speculating in the market making random wins and losses and eventually lose it all in the long term.
SSM Price at posting:
$1.81 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)