Tips for buying stocks
When I invest my money around the world, I come across people from different cultures and educational backgrounds; most of these people are losing money in the stock market, except for few Almost the same way of thinking, even if they live in different continents, never met.
I'm beginning to realize that earning money from stocks is not a skill, but a way of thinking or thinking. Anyone with an average intellect and a modest investment background can have a good profit from the stock market as long as they have that mentality.
This article is intended to give you tips on buying stocks so that you end up with the mentality of people who make a lot of money from stocks.
Tips for Making Money from Stocks
* Buy What You Know: Do not Buy Stocks, because you heard it's price rise, parents, friends and even brokers are good guys, but most of them will give you incorrect advice, which leads to wasting your money.
* Do not worship graphs: Technical analysis is only used to determine when to purchase something that has already been purchased, depending on the technical analysis and destruction.
* Avoiding Frequent Deals: I have met a lot of day traders, but I have never seen anyone who earns any money in five years. I see some people get 50% of the proceeds in a few months, a few years later they went bankrupt. Day trading is gambling, frequent trading is like throwing coins, so make sure you avoid both.
* Buy Hold: When you find a good chance to stick, most deals sell their stocks when they get 5% or more, and if they wait for a few months, they Can sell it 40% and 50% of the proceeds. When you buy a good stock it is allowed to rise in price by holding at least a few months. By selling before the stock reaches its potential price, you will waste your time and minimize your profits. Avoid excessive diversification: Warren Buffet, the richest man in the world earns money from investing, and the world's richest man, the world's richest man, earns money from the investment.