MrsGoldminer's reason's why you suck at playing stocks MrsGoldminer's reason's why you suck at playing stocks
#1 You fail you obtain the knowledge.Takes a bit of work,but to some work is a dirty word.
#2 You are always too GREEDY.Instead of leaving some for the next guy you want it all.
#3 You take hot tip's instead of doing your own d&d
#4 You don't average down when your stock drops,due to lack of backup funds
#5 You put all your eggs in one basket.Playing only one stock at a time.Ten or more much better.
#6 You take too heavy of a position.Means more loss's if it fails.
#7 You.don't play it on paper for a least 6 months to a year before trying the real thing.
#8 You have no plan as to what you will pay for it,and sell it for.
#9 You have a lottery mentality.Rich overnight
#10 You fall in love with your stocks,and never sell them or if you do it's at the bottom.
# 11 You blame others for your failure and bad mouth the stockexchange,or the company mangement,but never youself.
# 12 You play stocks with many too many outstanding shares,way over 100m
unless insiders hold a lot.
#13 You don't go back and check at least the past ten years or more for past performance in price and promotion.
#14 You play only one play wonders,,,stocks with a good mixture of properties much better,Gold,Silver,Copper.Diamonds,,,,,,,,,,,diversify
#15 You play new issues or over the counter stocks
#16 You only buy in rising market's and fail to take advance of basement bargains.
Taking hot tips is big on the list.Newsletters.Facebook twitter,friends.bullboards
By the time they get the tip,it is at it's high's and you will get burnt.
Not knowing were the market cycles are or knowing how to read the market as in some years you just have to take less profit.Take what the market gives you.
If you bank account shows profits,it's because you did not take profits!
It is an old saying in Wall Street
that the man who begins to speculate in stocks with
the intention of making a fortune, usually goes broke,
whereas the man who trades with a view of getting good
interest on his money, sometimes gets rich.
The cyclical nature of the market is the second most important thing that you have to know after psychology
Thou shalt understand the market and it's psychology buy low sell high