How to Growing Wealth with Better Stock Trades

Prior to trading stocks , you really should adhere to certain rules of investing . Not doing so can spell disaster. I know this from personal experience.

First up on our trading rules list is good education. I’m not saying you need to attend college, but you do need to teach yourself. Just remember that it takes time. You don’t go from picking up a bat to being Babe Ruth overnight. You keep taking your swings and grow over time. Just take time daily and pick something to learn about, like bonds for example.

Second, don’t get stuck in a pattern. The market goes up and down all the time. You can make money either way. You can make money all sorts of ways. Don’t get stuck trading just one way (like Bulls vs. Bears) or in one thing. Explore a little.

While you can make money when the stock market goes up and down, I’d recommend trading with the market (the usual) method at first.

It’s true. You can make a lot of money going against the market. However, short selling takes a little bit to understand fully and to do it right. If you do it out the gate, you’re asking for it.

If you don’t know about short selling, make this an item for your education process.

Want to know a secret?   I wish I would have thought of this ages ago. You don’t need to know when a stock is ready for action . You can follow the crowd and make a killing . Just wait for a big gainer to show up and let momentum put cash in your pocket . When the stock begins to fall , sell . That’s all there is to that game. I would caution you against holding stock overnight if you’re a real trader . All sorts of things can happen in after-hours trading and right when a stock opens.

Good place for stock news is Yahoo finance .