My investor buddy wrote to me recently that he would want to trade in stocks the ‘Data’ would.
I asked him what it is. Is it something new?
It seems my friend attended some trader’s boot camp recently. He talked widely about his experience in learning some trading tips in his investors training camp and so on.
I told him that my experience says that one has to treat every investment or trade afresh. Don’t get elated with some jargons and colorful graphs or reports, I cautioned him.
I know one thing that any thing you talk about your portfolios of stocks to others is nothing but distraction to you only and put yourself in a trap of confusion. One should experience to understand that how either to give or take advice in stock market are a curse and not wisdom.
I picked up some valuable lessons from others’ experience in respect to stock investing. Keep all the news letters, stock recommendations, tips and other gossips away from your decision taking points? Don’t try to trade the news. Do not go tilt. If you don’t understand don’t experiment with your hard earned money. Remember that this is what human rule book says.
Every investor has got his or her own cycle of price, profit or loss discovery point exclusive to them and remembers that there is no common formula of success in investing. No research report or TV talk show can present you the photograph of profit or loss to you! You must have the conviction before investing and there has to be a reason for every trade or investment.
Time and calmness is the corner stone in stock investing. I found most of the time investors get frustrated at their missing moves either on the upside or on the downside of the market momentum. One should remember that many big losses have come after innocent small initial losses! Like that many big profits have come from waiting patiently. Therefore you should set up your time, profit and loss targets very precisely. How difficult it is to make money one should always remember and how incredibly easy it is to lose money. There is no quick fix formula in taking profits in stock investments. The most difficult things to learn and practice as a trader or investor in stock investments are simply to trust you.
On a deeper note I complete this post by stating that one may not be investing or trading all the days but in order to become a successful trader or investor you must treat it as a business, not as a hobby or costly time pass. Then only you will neither create bubble of dreams around your investments! Nor allow it to bursts in front of you!
