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how to make money in stocks and how to get rich_70

Author: how to make money in stocks and how to get rich

You, as the merchant, must sell your merchandise in order to

realize a profit. It is best to learn to sell on the way up while your stock

istil advancing and lokstrong to everyonelse. By doing this, you

wil avoid geting caught in the 20% to 40% corections which ocur

periodically in market leaders and cause great downside portfolio

volatility.

It is far better to sell early. If you are not early, you will be late; you'll

never sel athexactop, so stop kicking yourself when a stock goes

higher after you sel. The object is to make and take worthwhile gains

and not get excited, optimistic, or greedy as a stock's price advance gets

stronger! The old saying is, "Bulls make money and bears make money,

but pigs don't."

Bernard Baruch, the financier who built a fortune in the stock market,

said, "Repeatedly...I have sold a stock while it still was rising—and

that has been one reason why I have held onto my fortune. Many a

time, I

might have made a godeal more by holding stock, but would also have ben caught in the fal when price of stock collapsed."

Rothschild's Rule for Suces

When asked if there was a technique for making money on the stock

exchange, Nathan Rothschild said, "There certainly is. I never buy at

the bottom and I always sell too soon."


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