If we fail to anticipate the foreseen or expect the unexpected in a universe of infinite possibilities, we may find ourselves at the mercy of anyone or anything that cannot be programmed categorized, or easily referenced.
- Agent Fox Mulder, The X-Files
The Uncommon :-
To be the best you have to put your best efforts and work harder. Many people are investing into stocks from ages. But majority of them are now vanished and few(I mean only few) are still able to continue to invest and are earning more profits in the stock market. So what it does require to be in the race? Does it require IQ of 99% or more, or does it require 100% fortune? Well! the answer is least expected by any one. You do not require an extraordinary IQ or extraordinary luck to survive in the long term. Now you may be thinking that if you don't need these things, then what should you be having for being successful. Well you need a correct attitude towards your investments and goals. You need more commitment and more observation in order to lead the race. Here are few tips for changing your vision and attitude towards investing.
As you know, knowledge is divine. In order to be a good investor you must possess ample knowledge of many factors which affect the whole stock market. As Cecil quoted,"The first step to knowledge is to know we are ignorant", you should learn as many as things which will be helpful in selecting the right investment plan. First you should learn how stock market works, how the prices vary, how the external factors effect the price of your share and so on. If you don't know the simple logic of demand and price ( Demand is directly proportional to Price and vice versa), and you are thinking to conquer the world of stock market, then you are in big trouble. So try to gain more knowledge by referring to books, websites, and wherever you may find it.
After gaining the required knowledge, you should have a vision. A vision into the future happenings. You should try to interpret the future which is very simple if you have little bit thinking. The companies which have given good returns are less likely to continue in the future. So try to figure out the small companies which do have potential to become large companies quickly. These companies will give you more returns.
Have patience and patience will pay you more. Whereas, impatience in stock market cost you dear. Wait for a correct opportunity and then grab it. Remember that there is always doors for entering and to exit the stock market. Just you have to be patient. Don't hurry as stock market has gone up sharply or don't hurry in selling as stock price decreased sharply. Always there will be reversal of the movement.
Updating yourself :-
Even though you have plans to be invested for a long time, you should update with the latest news related to stock market, company's activities, and overall political and economical conditions in order to avoid any sudden blows.You must keep yourself in touch with the latest happenings in the world of stock market and the company in which you have invested or want to invest in the future.
So by having known the simple qualities of an intelligent investor, you must adopt them quickly and apply them in your investments.
Read more and gain more knowledge.
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Volatile Market Tips
Finding Good Company to Invest
Effect of Global Conditions on an Investment
Effects of Local Economy
Following Stock Market
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