Stocks, Forex and Other Money Matters

Though this may not be the specific and ultimate rules , but some simple observation
especially to those who want to get their feet wet trading the Stock Market. Trading requires
Knowledge, Discipline and Patience.

Discipline:

I believe this is the most important of all, we must have the discipline to adhere to any trading plan that we adopt , not forgetting effective risk control. Apply limit on your loss and stricly adhere to money management technic.

Trading Plan/Strategies:

Just like in any other business set up, trading plan can be seen as a business plan.
I believe one need to be clear on the objective, whether it is for cash flow or capital appreciation and action required when an opportunity arises. And remember to hold cash while wating for the right opportunity is a trading plan itself.

Patience:

This is the final element, where patience is needed to wait and observe for the right opportunities or setup. And remember to let your profit run, when you are right.

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