i wanted to start a new thread which list some of the basic guidelines/rules to follow when trading. it would be much appreciated to have regular traders post their views/experiences/mistakes so everyone can benifit from it .
please feel free to add/edit your constructive points / views as we go along.OK im starting the first point :
1) NEVER BUY A FALLING STOCK
This might be the very obvious one but many do not realise how important this is. i myself have heard it a dozen of times but only learnt its true meaning when i lost HOPING the price i got in was the bottom .
....and once wasnt enough for my stupid dumb emotional brain to learn from the mistake. after a couple of disaster i lost some shamefull amount which i dnt want to post it here :( in just a couple of hours.
2 ) ok i'l wait for some comments here before proceeding.
