MakeitWork
New member
Take responsibility for themselves and make their own decisions. They take the credit for making a profit and accept the responsibility for any losses. They learn from these decisions and improve over time;
Make investment or trading plans and stick to them They make trading plans based on reliable information in the clear calm light of day and not emotional reactions that may emanate from the panic or euphoria of the share market. And, they stick to their plan;
Assess the Risk/Return Ratio of each trade They only enter into investments that offer the reasonable potential for profit;
Manage the risk of every investment. And never lose too much;
Allow for contingencies in the plan so they know what they are going to do if the share being traded goes up, down, or sideways in price. The share price can do nothing else. But you can do what you planned. The plan then dictates the actions and prevents unprofitable emotional reactions;
Only put their money into financially secure companies ;
Buy shares when they are cheap and sell those that are expensive relative to their price trends;
Only trade in companies whose prices are in trending up;
Trade unemotionally and have the discipline to trade the plan. They plan the trade and trade the plan;
Keep taking money out of the market. You only make money when you sell shares; and
Have sufficient confidence that has been gained from experience.
Make investment or trading plans and stick to them They make trading plans based on reliable information in the clear calm light of day and not emotional reactions that may emanate from the panic or euphoria of the share market. And, they stick to their plan;
Assess the Risk/Return Ratio of each trade They only enter into investments that offer the reasonable potential for profit;
Manage the risk of every investment. And never lose too much;
Allow for contingencies in the plan so they know what they are going to do if the share being traded goes up, down, or sideways in price. The share price can do nothing else. But you can do what you planned. The plan then dictates the actions and prevents unprofitable emotional reactions;
Only put their money into financially secure companies ;
Buy shares when they are cheap and sell those that are expensive relative to their price trends;
Only trade in companies whose prices are in trending up;
Trade unemotionally and have the discipline to trade the plan. They plan the trade and trade the plan;
Keep taking money out of the market. You only make money when you sell shares; and
Have sufficient confidence that has been gained from experience.
