Amila Nishan,
I am very happy to meet you in this forum because still you are a student like me and you are interesting in stock trading. I will give you some more good points.
1.Stock trading is not a job. Thinking it as a job is the most foolish thing because there isn't any guarantee that you can earn money monthly, as a salary .
2.Be a stony person in this field. Never allow anyone to put you into a hell of risk.
3.Follow the Warren Buffet's stipulate always.
1.Never get losses
2.Don't forget rule no.1
4.Don't follow your broker's saying without knowing what he said really. There are so many members in this forum who have got huge looses by following broker's decisions. But get his idea daily. Follow it, if you feel it's true and possible to happen.
5.
Don't get broker's credit(debt) Actually this is a spoof. Your broker earn thousand of rupees from this method. Sometimes he may tell you that they allow you a percentage of your portfolio as debt. You should neglect it at once.
I think you have been heard about the credit clearance. Do you know what is it? Brokers sell shares which are belonged to investors and bought with debts, by force because of the rule of SEC.
5.Do analysis before purchasing any share. Main factors that you can use are charts, financial statements and news about the company.
6.Using online trading system is the best way of doing stock trading. If you haven't got it yet, please get it soon. DirectFN is the best trading software ever in Sri Lanka. It's better if you can use it.
7. If you feel your adviser doesn't help you and provides wrong information, change him suddenly. If entire broker firm has such behavior, change it soon. If there are problems in trading systems, you should change the entire broker firm as well.
8.Be patient at any situation. It's prevent you from getting losses.
9.Manage your portfolio and keep all transaction and share information clearly and well organised. Do it daily closing cse. It's a very important think. Remember to do calculations and certify that all transactions are correct. Rarely, values may be wrong.
10.Dedicate time to background studying such as chart analyzing, market factors, financial analysis, historical identification of movements of shares e.t.c.(If you have learned all of them, you are an expert.)
Help new investors with your experiences.(No need to be an expert. But don't say wrong things. You should responsible for all things)
Happy trading and happy future my friend!
Do your studies well!
All the best!