How to Build A Fortune Investing In Shares
7.) Never Sell A New High - If the market keeps making new highs
, there are good reasons for it. It's smarter to be "long", investing in shares that are rising, and go with the up trend than try to go "short", betting on shares falling, and fight against the trend. There's no way of knowing how high the market may move against you. Wait a few days for a definite indication of a reversal in trend. It might be several days or weeks.
8.) Never Buy A New Low - If the market keeps making new lows, there are good reasons for it. It's smarter to be "short", investing in shares that are falling, and go with the down trend than try to go "long", betting on shares rising, and fight against the trend. There's no way of knowing how low the market may move against you. Wait a few days for a definite indication of a reversal in trend. It might be several days or weeks.
9.) Trade Only with Funds You can Afford to Lose - If you can't afford to lose whatever money you have, you will find it almost impossible to win. The reason is you will have a hard time controlling your emotions when you start losing money on a trade. This will probably force you out at the worst possible time.
Finally, try to avoid second-guessing the daily action of your shares. Shares go up and shares go down. Try keeping your emotions in check. Don't get too excited when things are going well or down when the market or your shares hit a rough patch.
How to Build A Fortune Investing In Shares
By: Andre Bradley
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