Thousands become millionaires, but millions become bankrupts in stock investment. Are you in the millions? Knowledge and experience is the perquisites in stocks trading. Learn from the gurus and give a thought to the following quotes:
Understand the risks in stock market. “Risk comes from not knowing what you are doing.” Warren Buffett.
Remember, never beat and outsmart the market. “The simple truth is that there are no ‘sure things’ in the market.” Bernard Baruch.
“If it goes up I buy it, if it goes down I sell it.” Mark Twain.
Study the market and work hard. “The odds are in your favour when you do your homework and work very hard.” Marty Schwartz. “The harder you work, the luckier you get.” Gary Player.
Trade and follow the trend. Never trade against the trend of the market. “The trend is the stairway to heaven.” Robert Krause.
Always preserve your capital. Warren Buffett said, “It is better to miss an opportunity than lose money.” George Soros said, “Survive first and make money afterwards.”
Define your trading plan and trade according to your plan. “It is the actual consistent execution of a well defined trading plan which has a positive expectance which makes profits.” Troy Stayman.
In stock trading, timing is very important. “The perfect speculator must know when to get in; more important he must know when to stay out and most important he must know when to get out and when he’s in.” Jay Gould.
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