MANILA, Philippines — Despite the risk, buying stocks is an enticing form of investment largely because of its high returns. However, it requires a lot of work and dedication to make it to the top. The game must be played with a carefully developed strategy and wise techniques.
Below are some of the most important tips on stock trading to help assist you in creating your own strategy as you determine to be a successful investor.
Knowledge is one of the first things you need to establish if you are determined to thrive in stock trading.
Many of the successful investors today invested their time in studying stock trading before they actually played the game. They’ve spent time reading, asking, watching tutorials, examining charts and even attending classes or seminars so they can start right.
It is not that hard to learn these days with all the online resources that are widely available and investment talks happening left and right. You can also find a mentor who can guide you every step of the way. Watching or reading business and economic news is also a great way of exposing yourself to the trends and gaining a deeper understanding of the market.
While losses would always be a part of the game, there is this principle that every investor should keep in mind: don’t use the money you can’t afford to lose. If you’re just beginning to trade, forget about using your emergency fund or your kids’ tuition or your home's down payment or any money that is allotted for more important use.
If you experience losses and things start to feel difficult, do not get discouraged. The best way to deal with it is to learn from your mistakes. Success in stocks does not come in an instant. Many of the well-known investors today worked hard and persisted to achieve what they now have.
Business magnate and successful investor Warren Buffett does not want you to “play the market.” One of the biggest reasons why investors fail in the stock market is they don’t spend enough time and effort understanding the business they are investing in.
To thrive in stock investing, you need to do some quality research on the company or companies that you have included in your shortlist.
Buffett said it this way on Forbes.com: “Games are won by players who focus on the playing field—not by those whose eyes are glued to the scoreboard.”
Looking for a good company to invest in? 8990 Holdings, Inc., the mother company of mass housing developer Deca Homes, is listed in the Philippine Stock Exchange as HOUSE since May 2014 at P6.50 per share. The current price is P6.55 with a 52-week high of P10.50 and 52-week low of P6.
Watch the video below to learn more about 8990 Holdings, Inc., its performance and why you should consider putting your money in the business.
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