Posted On: 03/08/2014 8:32:26 PM
Post# of 1241
Excellent advice Kgem.
DD is king. Research thoroughly before throwing your hard earned money into anything.
Its also wise to set two limits in place when entering any stock. A desired profit price as well as a loss limit price.
It can sometimes be difficult to sell a stock when you believe it has a ton of potential, but the old adage applies.. You never go broke taking profits. Be firm with your exit point and dont let greed rule the moment. The same applies to holding on to a sinking ship while thinking it has to turn around any minute now.. Stick to your plan and live to fight another day.
Disciplined trading is the key to longevity in this game.
DD is king. Research thoroughly before throwing your hard earned money into anything.
Its also wise to set two limits in place when entering any stock. A desired profit price as well as a loss limit price.
It can sometimes be difficult to sell a stock when you believe it has a ton of potential, but the old adage applies.. You never go broke taking profits. Be firm with your exit point and dont let greed rule the moment. The same applies to holding on to a sinking ship while thinking it has to turn around any minute now.. Stick to your plan and live to fight another day.
Disciplined trading is the key to longevity in this game.
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