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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Always buy slowly when prices fall and sell quickly when targets are reached.

Always buy slowly when prices fall and sell quickly when targets are reached.

+4
SomyBoy
sureshot
fawaz4sl
Asoka Samarakone
8 posters

Go down  Message [Page 1 of 1]

Asoka Samarakone


Expert
Expert


Stock market for beginners

Learn to take small profits when you begin. Learn how to pick up those stocks that trades at a relatively low price and you will be on your way to a nice big trading account. Learn new ideas, keep up to date, and don’t trade other people’s ideas.
A mistake that many traders make is allowing a profitable trade to turn into a break-even or losing trade. Don’t let this happen to you. Most traders hold onto stocks too long. They are afraid they will sell too early and the price will keep going higher and higher and they will miss the big winner. Get used to taking profits no matter how small.
Don’t chase stocks. There will always be another trade right around the corner. The last thing you want to do is over-pay because you see a stock moving and think you are missing the boat. Always buy slowly when prices fall and sell quickly when targets are reached.
You do not need to buy at every low and sell at every high in order to make a lot of money in the market. You just need to be consistent. Do not be greedy. This will be the death of your trading account.
This way you will learn which strategies work for you in the long run and which don’t. When you start trading, you may well lose more than you make. Think about what you did wrong and try not to be emotional about the trades. If you stick to your game plan and learn, hopefully your profits will outweigh your losses.

fawaz4sl


Stock Analytic
Stock Analytic

Thumbs up...

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics

elakiri...... Very Happy

SomyBoy

SomyBoy
Manager - Equity Analytics
Manager - Equity Analytics

sureshot wrote:elakiri...... Very Happy

Elamakiri nam thamai !!   Smile     Habai kawda ekata -rep dala redline ekak add karapu bathkana siyupawa !!!  Twisted Evil   Evil or Very Mad

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

Asoka's advice is very valid, and I have decided to give him a +rep.

If your price target has been met but the strength of the price increase indicates further upside, sell 50% of your shares and reset your target for the remainder.

SomyBoy

SomyBoy
Manager - Equity Analytics
Manager - Equity Analytics

Antonym wrote:Asoka's advice is very valid, and I have decided to give him a +rep.

If your price target has been met but the strength of the price increase indicates further upside, sell 50% of your shares and reset your target for the remainder.

Yes! That's the way it is !!! Very Happy

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics

Ashoka always a great person to give advice

SomyBoy

SomyBoy
Manager - Equity Analytics
Manager - Equity Analytics

bakapandithaya wrote:Ashoka always a great person to give advice

Aye ithin mukuth ne gindara ah !  explanations pohh !!
He is keen on pointing out the exact point !!!   Very Happy

FLOWER2

FLOWER2
Manager - Equity Analytics
Manager - Equity Analytics

Asoka Samarakone wrote:
Stock market for beginners

Learn to take small profits when you begin. Learn how to pick up those stocks that trades at a relatively low price and you will be on your way to a nice big trading account. Learn new ideas, keep up to date, and don’t trade other people’s ideas.
A mistake that many traders make is allowing a profitable trade to turn into a break-even or losing trade. Don’t let this happen to you. Most traders hold onto stocks too long. They are afraid they will sell too early and the price will keep going higher and higher and they will miss the big winner. Get used to taking profits no matter how small.
Don’t chase stocks. There will always be another trade right around the corner. The last thing you want to do is over-pay because you see a stock moving and think you are missing the boat. Always buy slowly when prices fall and sell quickly when targets are reached.
You do not need to buy at every low and sell at every high in order to make a lot of money in the market. You just need to be consistent. Do not be greedy. This will be the death of your trading account.
This way you will learn which strategies work for you in the long run and which don’t. When you start trading, you may well lose more than you make. Think about what you did wrong and try not to be emotional about the trades. If you stick to your game plan and learn, hopefully your profits will outweigh your losses.

Cheers

rmark

rmark
Manager - Equity Analytics
Manager - Equity Analytics

Asoka Samarakone, good advice, thank you!

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