Friends,
Just wanted to get your views on lessons learned from the brutal crash of Jan 08.
Here's what I learned
1. Take profits off the tables regularly
2. Keep at least 30% of cash in hand
3. Set your goals for entry and exit and stay very disciplined and true to your entry and exit goals.
4. Avoid buying at or close to 52 week high
5. Always use stop loss
6. Patience, discipline and a mid to long term view of the market.
7. Stay invested and not give up hope. Remember India is a growth story.
8. Dont fall in love with your scripps - reserve it for the ones you truly love
9. Analysts and brokers are as wrong as you are. Rely on your own self and draw conclusions from what your gut/expereience tells you
Kindly add your list/bullet points for the benefit of community - just writing down your thoughts helps to solidify the lessons in ones own mind too.
Happy Trading
Just wanted to get your views on lessons learned from the brutal crash of Jan 08.
Here's what I learned
1. Take profits off the tables regularly
2. Keep at least 30% of cash in hand
3. Set your goals for entry and exit and stay very disciplined and true to your entry and exit goals.
4. Avoid buying at or close to 52 week high
5. Always use stop loss
6. Patience, discipline and a mid to long term view of the market.
7. Stay invested and not give up hope. Remember India is a growth story.
8. Dont fall in love with your scripps - reserve it for the ones you truly love
9. Analysts and brokers are as wrong as you are. Rely on your own self and draw conclusions from what your gut/expereience tells you
Kindly add your list/bullet points for the benefit of community - just writing down your thoughts helps to solidify the lessons in ones own mind too.
Happy Trading