Common Mistakes People Make in Stock Market!
Common mistakes people make when they invest in stock market,
1) They buy when every one else is buying.
Never follow people decision in market. Always do your own research. Buy when people are selling. Although this is hard, I think it is always a good strategy. Sell when other people are selling.
2) Fall in love with your stocks.
Never fall in love with your stocks, when they are god price, sell them unless you want to keep for long term capital growth. Sell them also if the stocks fall below your 'set-point' price, I always set that at 15% below my buying price.
3) Greed.
Never think that your stock will go up another 100% after they have gone up 50% in price.. Always set a price where you are willing to sell. I always set that at 50% above my buying price.
4) Trading your stock.
Never anticipate that your stocks will go up the next minute you buy them. Trading your stocks and hoping for fast money will make you end up with a empty bank account.
5) Listen to rumors.
Never believe your rumours. Insiders' information is only for big company shareholders and your information is never correct if you are holding only less than 0.01% of a company stocks!
6) Borrow money to invest.
You are half dead if you borrow money from banks to invest in stocks. Bankers are always a winner no matter the market is heading north or south. If you plan to borrow money to invest in stock, just give me a call and I can offer you a lower interest as compared to your local banks!
Hope this helps for those who want to start their first investment in stock market! God bless you and of course GOOD LUCK!
Visit http://www.investing-tip.com to learn more about investment!
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