TEN COMMANDMENTS FOR INVESTING:-
Be an optimist – The necessary quality for investing success.
Expect a realistic return. Balance fear and greed.
Invest on broad parameters and the larger picture. Make it an act of wisdom, not intelligence.
Caveat emptor. Never forget this four-letter word – R-I-S-K.
Be disciplined. Have a game plan.
Be flexible. For Investing is always in the realms of possibilities.
Contrarian investing. Not a rule, not ruled out.
Its important what you buy. It’s more important at what price you buy.
Have conviction. Be patient. Your patience may be tested, but your
conviction will be rewarded.
Make exit an independent decision, not driven by profit or loss.
You should have to make first COMMANDMENT to take is,investment ideas are about information and insight. Information is valuable if it is proprietary. Insight is valuable if we know what that information means.
It’s essential for all traders to know when to take some off the table. To maximize your profits, stage your buys, work your orders and try to get the best price over time