What Not To Do When Investing In The Stock Market
Although there are some who say that playing the stock market is no better than gambling I would have to disagree. Yes, it’s not for the feint hearted and if you haven’t got money to spare I wouldn’t venture into buying shares, but us long as you do the right research and follow certain procedures you can make a lot of money. Sure you can lose some as well but done properly your successful trades should far out weigh your losses. Not to mention the fact that you can use those losses to minimize your tax bill for those shares that do really well for you.
If you’re just thinking of investing in the stock market there are certain pitfalls you should be wary of so that you’re able to minimize your losses and maximize your profits. I’ve been trading on the stock market for several years and I’ve made my fair share of mistakes, mistakes I wouldn’t have made if only someone had taken the time to share their knowledge with me.
I decided to write a post outlining 10 Tips On How Not To Lose Money In The Stock Market. Let me tell you, prior knowledge of what I am about to share with you would have saved me thousands of dollars. Not only that, I would have been able to free up cash that was tied up in dead stock thereby increasing the potential to make more money.
The post is a little more than just stock investing basics as it gives real life situations as well as links to resources that explain with greater details important investing tactics covered within the post itself. If you’re thinking of entering the stock market game by buying and selling shares on the stock exchange, and you don’t want to make the same mistakes that I and countless others have made then you may want to check out that post.