My lesson to share in share market trading (being burnt lately):
Lesson 1: Never trade a sudden volume spike stock. Never follow the green volume spike unless it's CERTAIN and CONFIRMED. Else, will be like me getting stuck in the share. If don't want to get stuck, then cut lost.
Lesson 2: Never trade dead stock. (what does dead stock mean? no trading or traded in a pathetic low volume stock. If there's a sudden volume spike, refer to lesson 1). Once you get in, probable you can't get out.
Lesson 3: Never trade beyond your purchasing limit. Although you can buy shares at beyond your own personal credit limit and gain a lot more $ by contra them (trade in between 4 days without paying single cents), you are exposing yourself in greater lost as well because you do not have the buying power to pick up the shares if something goes wrong (If you happen to face the Lesson 1 and Lesson 2 situation, then you'll know how painful it is).
Lesson 4: Greed do come with a price to pay. You can be greed IF and ONLY IF it is certain that the share will rise even higher than your expectation.
Will update more!!! Or do share with all of us if you have more comment.
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