Please Help me I hace suffered heavy losses in stock markets and someone has suggested me to subscribe for stock tips services. So, can anyone suggest me some good stocks advisory firms.
1. The starters should not go for long term rather they should eye the intraday trading. The reason is that if you hold a stock then its unpredictable what may happen to it overnight as the market depends totally on the global scenario.
2. Divide your capital into 10 equal risk parts.
3. Never trade without providing proper Stop Loss.
4. Follow the trend and don’t trade if the trend is not clear to you.
5. Don’t buy any stock just because of its low price.
6. Don’t expect that you will get profit on every trade.
7. Keep withdrawing portions of your profit and overcome your initial investment so that you trade with safe money which you can afford to lose.
8. Don’t trade with too many stocks at a time. Two or four are enough.
9. Don’t believe in tips/ rumors but on your own experience.
10. Sometimes be ready to accept losses too as they give you a lesson for profit.
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