Successful investing isn’t about having the “perfect” strategy. It’s about the rule you abide by with each trade. Many fail to use stop losses, or even protect gains with a simple trailing stop loss strategy. Others risk far too much. As we all know, that kind of risk can be a disaster if everything goes … Continue reading “The Top Questions to Ask Before Investing”
Tag: money management
The 3 Worst Mistakes Investors Make
Mistakes will be made, even by the pros. However, if you’re aware of potential issues, the better off you are. They Don’t Have a Trading Plan Experienced traders get into a trade with a plan. They know exact entry and exit points, the amount of capital to invest in the trade and the maximum loss they … Continue reading “The 3 Worst Mistakes Investors Make”
The Top Ways to Avoid Investment Failure
Smart investors accept failure as an inevitability. As long as you can learn from failure, the better off you’ll be. Here are five of the key mistakes I’ve used as personal learning moments. Top Mistake No. 1 – Riding your Losses Some of us never want to give up on a trade that we truly … Continue reading “The Top Ways to Avoid Investment Failure”
The Top 5 Tips to Find the Best Online Broker
Online brokers are a dime a dozen. To spot the one that best suits your needs, be on the lookout for the following information. Broker Commissions and Fees When it comes to commissions and fees, you are charged something on each and every transaction. Sometimes there are other fees for deposits and withdrawals, or extra … Continue reading “The Top 5 Tips to Find the Best Online Broker”
Warren Buffett’s Top Investing Advice for Investors
Experience is the ultimate key to investing success, says Warren Buffett. And he should know, especially as one of the world’s richest people. Invest in Yourself First “The best investment you can make is in your own abilities. Anything you can do to develop your own abilities or business is likely to be more productive,” … Continue reading “Warren Buffett’s Top Investing Advice for Investors”
Why it Pays to Use a Trailing Stop Loss At All Times
All of a sudden, your favorite stock is falling out of the sky. What do you do? Do you sell? Do you hold? Or, do you freeze, becoming nothing more than a nervous, emotional trader that sells because everybody else is? Unfortunately, most of us freeze, too scared to think straight. We get caught up in … Continue reading “Why it Pays to Use a Trailing Stop Loss At All Times”
The No. 1 Way to Lose Money in the Market
Trades can go against us at any time. But if we know how to protect our working capital, the better off we are. When you trade, think of yourself as a small business owner. Small businesses have to worry about unsold inventory, the possibility of high staff turnover, potential fires and electrical shortages – worst … Continue reading “The No. 1 Way to Lose Money in the Market”
The Top 3 Tips to Becoming a Successful Investor
Like most investors, one of your top goals has been to enjoy a financially secure retirement at whatever age you choose. That being the case, it stands to reason that your retirement “nest egg” should ideally generate above-market returns, often with below-market risk. But to do so, you need to have a plan in place. … Continue reading “The Top 3 Tips to Becoming a Successful Investor”
The Worst Mistakes Beginner Investors Make
You’d be surprised how many are making it near impossible to find success. That’s because they try a million different things. They get far too wrapped up with too many ideas. And they lose track of one of the best ways to make money today. Unbelievably, an astonishing nine out of every 10 investors fail … Continue reading “The Worst Mistakes Beginner Investors Make”
The Top 5 Ways to Become a Better Investor
When markets are riddled with volatility, tried-and-true actions can help investors boost their chances for long-term success. Step No. 1 – Have Stop Losses in Place All of a sudden, your favorite small cap stock is falling out of the sky. What do you do? Do you sell? Do you hold? Or, do you freeze, … Continue reading “The Top 5 Ways to Become a Better Investor”