where to start learning?, page-11

  1. 22,482 Posts.
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    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

 
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