The Secret Of Success Is Hard
And Intelligent Research
Ask any successful investors and you will find that they probably know they are doing with the stock market, and the market knows how cleverly such investors follow its unwritten rules that change unpredictably. The intelligent investors always seems to catch the right shares at the right time. Further analysis revealed their secret of success is real hard and intelligent research-and proper application of the researched results. Some of the traits of such investors are common. They have a clear thinking; apply lot of thought before constructing the portfolio; avoid procedural mistakes. Howsoever volatile is the market, they remain focused on their plans and stick to the strategy. Several bouts with the vagaries of the exchange have made them tough and refined personalities with controlled emotions. Their decisions are never emotional, but practical. They are quick to seize the opportunities, and take reasonable risks. Panic in the market does not affect their trade decisions. These investors stand apart from the crowd. They cannot be influenced by majority decisions or the media hype about a particular share. They can differentiate between truth and propaganda. Their decisions are independent and they stick to them. Their mind is open to ideas from outside sources like professionals, experienced brokers, financial consultants, bankers and investment advisors. They often tie-up with a knowledgeable advisor, but have the capacity to stand by their own, when they are convinced about a particular trade. For those who pursue success, every crisis is an opportunity. These are not the ones to plan of becoming millionaires overnight. But their consistent planning will take them to that portal. Patience and perseverance are their keys to success. Such investors are a class by themselves. Refuse to tread the path chosen by the majority. They buy when others sell and sell when others buy. They work hard and systematically on research. Welcome broker's tips and suggestions but do not follow them blindly; compare the advice with independent research. Mostly, they may not like to be day traders; will focus on the fundamentals of investment. When investments are done after Fundamental and Technical analysis of shares, in the long run one stands to gain. They are averse to penny stocks. Will never invest in one share or one sector! Diversification is their mantra. Have good understanding of the volatility of the market and will take breaks and observe the market coolly, than invest out of frustration. A few losses will not deter them and they will not hasten to do investments just to recover the losses quickly. They bid for the correct opportunity. The lessons learnt from losses are the first part of the syllabus of the share market. No one can claim to do loss-free investments. But one should take care not to invite losses, with greed. You also should not fear to take risks, when you are convinced that such a step is necessary. Timely risks have brought enormous profits. Avoid speculative shares. Day trading is tempting but such traders can never beat the long-term investors. Also, never be attached to a company sentimentally. You need to be fascinated by the growth of the share and the rate of dividend, and with no other factors of imagination. Do not regret your mistakes but look forward. For every opportunity lost, dozens will sprout. Keep a record of every trade, a day to day trading journal, so that you can recollect your mistakes and spot the opportunities while doing trades in future. The wise ones do commit mistakes, but do not repeat them. Have an exit strategy as you purchase the shares. As you enter the hall of trade, you need to know the location of the exit. The stop loss limit will save you from serious troubles. Read and empower yourself with the latest scenario of the economy, as that will have a strong bearing on the prices of the shares. Good production and better marketing will lead to best cash flow which in turn will boost the intrinsic value of the share of the company. To your investing success.
Stocks Investing Related Articles:
An ordinary individual makes investment decisions with two kind of objectives. For the security of one's own family and to ensure a smooth and comfortable retired life! But can such an individual be aware....... For those who have suffered a 30, 40, or even 50% loss in this market, what is on top of your mind right now is: How am I going to recoup my loss money? There are certain precepts that you have to accept....... During a downturn in the stock market, decision to buy or sell are going to be difficult even for the experienced brokers and investors to stay focused. The daily hectic market changes, and the fear of loss........ | Investment
and Stock Strategy | Financial
and Stock Investing | Invest
in Share |
(c) www.gotothings.com All material on this site is Copyright.
|