Before investing in stock market you have to decide first what do you want?, an investors or a traders. An investor is a person who keep his money in the market for a long time. But a traders invest for a short period of time. His daily job is to put some of his money in the market for a short period. This can bring some loss or profit, also this can be called a daily job. His profit or loss is affected by small change of the market. On the other hand a traders keep their money in the market for long period of time. So a small change will not affect his probable profit or loss.
Stock market is just like our life. In our real life a small event can makes us happy or sad , this market is similar like that. You can make huge amount of money within a short period of time also can loose that money in the very next moment. So things you should follow before start trading in the Stock Market.
An investors needs a lots of patience. If a collapse happen in the market and you sell all of your share then you will be definitely a looser. So you should wait for recovery of the market, them you can sell your share. See the world top businessman Donald Trump, Warren Buffet and how they managed their patience and becomes a successful businessman.
Do not put all of your money in the basket. If you loose all of your money at a time you will cry. In the market you can make money from a trade or loose those money. So it's a mix up things and this is how it works.
If stock market rise rapidly. You should know that you have missed something. So do not try to catch it. You can make a big mistake and there is a chance of loosing all of your money.
Control your emotion. Let's say you have brought a stock and expected to rise it. But somehow it goes down. Don't get emotional. A man makes mistakes when he takes decision by the influence of his emotion.
Always keep yourself update about the market and try to learn everyday. That's all today. Thanks for visiting my blog.
