- By Larry Hite
Do not invest in the market all the time. There are many times when you have to be completely in cash, especially when you are unsure of the direction of the market. Speculators without a single clear plan can only act and react, to the slings and arrows of stock market misfortunes. Sometimes you have to forget what’s gone, appreciate what still remains, and look forward to what’s coming next. We all are desperate at sometimes when market start falling but positive talks won’t bring green to the market.
Apply yourself. Get all the education you can, but then, do something, don’t just stand there, make it happen.
"There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bet that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. You can also lose a good bet, no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you."
By Larry Hite