What are the most important tip you could give to a beginner?

Discussion in 'Stock Market Education' started by SpaceGuy, May 23, 2014.

  1. firelily99

    firelily99 Well-Known Member

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    Frankly most of the advice I read on this forum could be applied to life. Learn as much as you can before you risk a pile on money investing. I am an avid researcher on other things and the investing is no different for me.
     
  2. teastocks

    teastocks Well-Known Member

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    After reading through many of the posts on this forum and looking at some videos of Warren Buffet giving advice one thing that I can tell you is that the key to becoming good at trading stocks is to have "patience". A lot of people just want to be able to make money and to make it now and they never really take the time to really understand what it is that they are really doing.
     
  3. cameronpalte

    cameronpalte Well-Known Member

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    I would say record data - record all of the things you do and everything that happens. Whenever, something goes wrong whenever you lose any money go back to your notes and try to figure out what happened - use your recorded data and figure out your mistakes and learn from them.
     
  4. joebel

    joebel Member

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    Always have patience and research EVERYTHING. Having knowledge on a topic allows you to more easily invest.
     
  5. JoshD1990

    JoshD1990 Active Member

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    lol that was my first thought.

    Mine would be: Never invest a dime that you can't afford to lose.
     
  6. Gelsemium

    Gelsemium Senior Investor

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    Simple, but good ones guys. Mine would be, be patient, wait for the right time to sell. ;)
     
  7. wulfman

    wulfman Guest

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    Research what you are going to invest in. Get the annual report for the company, watch the stock, etc.
    Ultimately these things will help although nothing is 100% in the market.
     
  8. dariel2323

    dariel2323 Well-Known Member

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    First financial education, then try methods and select your favorite. Be patient, do not despair, use your proven strategy. Finally always have a positive mind.
     
  9. xzreplay

    xzreplay Member

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    I would say, don't give up. Make the most out of your time and do some research before you start, it always helps. And always aim for big things in the future.
     
  10. tomshanks

    tomshanks Member

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    I'm so glad I found this thread. I've been toying with the idea of trading some stock on the side of my day job for years now, on and off, and lately it's been on my mind again. I stumbled on this forum and soon this thread and boom, suddenly I have a lot of practical albeit basic advice to build on. Thank you guys and gals!
     

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