As a new investor, you'll find many techniques to follow when investing in the stock market. The hard part will be settling on one specific strategy. I know that when I first started, the quick money making options strategies were cool. Then when I got into the financial industry, I became a value investor and when I discovered growth investing and the CANSLIM strategy. The flip flopping around did nothing to help me hone any specific strategy. It did however turn me on to the stock market investing "strategy of the day". Do not fall into this trap.
What you want to do is identify with a specific strategy and stick to it. It could be that Warren Buffett might speak to you. In my case it was Willaim O'Neil. This will be step one when you start to invest in the stock market. Read all you can about stock market techniques and investing strategies. Scour the bookstore and the library. Check out the internet. When it is all said and done, adopt the strategy you are most comfortable with and run with it.
After you have decided that you will be a certain type of investor, it's time to implement the techniques and become a master in them. Focus completely on the instructions and steps to the letter until you determine you know the investment strategy inside and out. Only then should move on to the next step and that is to make it your own.
With every investing technique, their are nuances that you can tweak to improve upon it or make it work better for you. What you are going to do once you see that a specific set of investing decisions is required and see the results from them, you will see how to make it work better for you. This happens because of the focus and attention you give it. Making money in the stock market requires this kind of effort and study. Commit yourself to the task!
Wednesday, December 9, 2009
Techniques To Follow When Investing In The Stock Market
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Michael Kuhn
Published 12/09/2009 08:41:00 PM
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