When you first begin trying to learn the stock market, don't use real money--use "Play Money."
Like anything else, you need to practice before you stop being rotten. You definitely have no chance of being the best if you never practice, even if you're a natural.
Keep a trading journal, even when you aren't trading with real money. Keep score on a piece of paper or the computer. In fact, you can find some things online that let you trade with virtual money (play money) using their system. (www.OptionsHouse.com is one of them.)
Analyze what went right--and what went wrong. Don't assume that the results guarantee that you were right or wrong. Figure what you might have overlooked and retest it.
Make sure you know what you are doing before you invest.
However, once you know...and you'll know...STOP playing and START trading...with REAL MONEY.
Good luck. Let me know if you have any questions.
No comments:
Post a Comment