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● how to get rich | ||||||
how to make money in stocks and how to get rich_70![]() Navigation: Main page » how to make money in stocks and how to get rich 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 atthe bottom and I always sell too soon." |
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