SuperDuper Investor@SuperDuperInvst
Sharing my GOLDEN RULES ! Long weekend so you all will have time. PLEASE read this and try to always remember. This is my most valuable advise to you all which will be extremely helpful if you are a trader or an investor in stock market imo 🤑 ❤️
For years I repeatedly remind that stocks trading/investing is very risky but if done right it can make you a LOT OF MONEY. I sway from my rules at times and have paid hefty prices despite being so seasoned which is why I share with you all in an effort to help you all to be a better, smarter & successful trader/investor. I am not perfect and have made many mistakes but experience is best teacher. If you lost money on a trade, don’t worry so much. Think of it as a learning lesson to remember in an effort to not repeat same mistake again.
Memorize, always remember and please share with other like minded folks 👇🏼
1) Always do your own DD and consult your certified financial advisor before making any investment decisions.
2) Never gamble with your savings or retirement money or money you can’t afford to lose.
3) Always have a stop loss for every trade to be safe which limits your losses. Cut your losses quickly and move on to other more safer and promising investment.
4) Don’t be too greedy. Remember to always lock some or all of your profits that makes you happy.
5) Margin money gives you 2x to 4x buying power but it is very risky. Stocks options are also very lucrative but very risky.
6) Have an extremely diverse portfolio of investments.
7) Try to invest in professionally managed companies with ethical ELT, visionary leaders, products that are in demand and on strong growth path. Rising sales, profits, low PE and high EPS are some key factors to look for.
8) Timing and speedy execution of trade is critical so keep that in mind.
9) Don’t fall in love with any stock or sector unless you are extremely sure about its strong growth & profitability trajectory.
10) NEVER put all your eggs in one basket. Basically don’t bet everything on one stock or sector.
11) Keep yourself aware of the market conditions, company’s events, sector news, competitive landscape, geo political happenings, etc.
12) Brokerage analyst reports, Press Releases, SEC filings, Social media posts of companies CEO/CFO or Influencers do impact stock prices so make sure you keep an eye on them.
13) They say if you can’t take the heat you shouldn’t be in the kitchen. Stock markets worldwide fluctuates heavily for numerous reasons. If you get stressed out easily when you see some losses and lose your sleep over it then you are better off having your money put in Bank’s Savings/CD/FD or in a business you may be in that provides consistent over 6% annual returns.
14) Cash is King ! Always keep dry powder on hand because at times there are golden buying opportunities but you miss out being fully invested and not having any money to cost average or buy cheaply.
15) Strive to be better trader/investor with a goal to be making profitable trades.
16) Be a good hearted human being that also cares for others and the beautiful planet earth we live on. God rewards to those that do good deeds imo.
Good Luck !! 🍀
