where to start learning?, page-11

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