It is imperative that many people out there make millions of money by following the hacks to win the stock market. Today we will discuss about such top 5 hacks, which will always help you make regular profit in the stock market.
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1. Start Small
Always and always start by investing small amount of money. It is said that the person who makes loss understands the value of profit and the person who makes more loss, understand the value of his capital. Everybody in the market loses money, and that ‘s how you learn.
There is high probability that the person who just started to trade makes loss. It is better to bare less loss than risking whole capital. Above all, you are not going to loose all the time. Its just a long process and market does become green.
2. Do not SELL in FEAR
Do not be in fear. When everybody is selling does not mean that you also have to sell. The market is always testing testing the strong people VS the people who are weak enough to sell the stocks in down fall.
Remember 2008 crash !! Almost everybody ended up selling their holdings. Selling your stocks during dips can really erode at any time. So make sure that you do not sell during the times of fear.
History speaks that only the average investors do not make money in the market rest everybody does.
3. Buy good company stocks
Invest in such companies which you like watching. Do not randomly invest your hard earned money on random calls. For an example, I always search on google and I shop from Amazon. So buying those company share will not be a bad idea for me.
4. Do not be addicted
Make a schedule and stick to it. Do not constantly check the stock prices, unless you are doing intraday. Make a schedule like once a week or once in 10 days. That will work perfectly fine. Not doing this will make you emotionally attached and in emotions you will be tend to take wrong decision and you night sell it when not required or you won’t sell when required.
5. Think Long Term
Have that minority mindset of thinking long term. All the richest people know that it takes time build wealth cannot be created in just one day. No doubt short wealth creation is also possible but true wealth is created only in long term. Investing money in good companies for long term can really help your money to grow exponentially. This kind of investment will most probably work in your favour rather than going against you. Hence long term investment in large CAP company is one of the best option.