| We'll discuss a few key points in this article that will | | | | somewhere else instead of waiting for your loser to |
| keep you out of the stock market graveyard. First, | | | | climb out of the proverbial gutter. Cut your losses |
| don't start trading unless you have money to lose. | | | | and forget about it, which brings me to my next |
| You're obviously not going to lose everything like you | | | | point. |
| do in a casino, but if you don't do things right, you | | | | Develop a bad memory. |
| can lose quite a bit. | | | | You can't dwell on things in the stock market. You're |
| Do Your Homework | | | | gonna pick some losers here and there. It will happen. |
| Don't buy a stock just because it's gone up 10% in | | | | When it happens, just cut your losses, forget about |
| the last few days. A lot of people make this mistake. | | | | it, and move on. The same with winners. When |
| They get excited because they think they can make | | | | they've made their run of the century, get out |
| some quick money, but then they buy the stock at | | | | before they go back down. Don't get greedy. Stay in |
| it's peak and it ends up going right back down where | | | | the present always! Just because a specific stock |
| it started. To sum up this tip, do your homework | | | | had a good year last year, doesn't mean they're |
| before buying anything. If you don't you'll definitely | | | | going to have another one this year. You've gotta |
| come out on the losing end, unless you're really | | | | stay in the loop. |
| lucky... | | | | D D D D diversify! |
| Check your ego at the door. | | | | The worst thing you can do, short of betting the |
| If you go into the stock market thinking you're | | | | farm on a penny stock, is put all your eggs in one |
| above it all, thinking you know everything, you'll | | | | basket, or one industry in this case. You've gotta |
| definitely come out on the losing end. Don't be afraid | | | | spread your resources across a many different |
| to listen to your broker if he tells you that something | | | | industries, and even many different investment |
| is a bad buy. Even though most brokers are less than | | | | types. The reason for this is... when one industry is |
| liked people, they know what they're talking about. | | | | having a bad run, another industry is almost certainly |
| Know when to get out. | | | | having a good one. You're good ones will outweigh |
| Another mistake many beginners make is waiting | | | | your bad ones. |
| forever for a stock to go back up. They think they | | | | There's plenty more to the stock market, but these |
| can make back what they lost by waiting it out. The | | | | 5 tips will help you when you're just getting started. |
| thing is, you can probably make more money | | | | |