5. It pays to know
If you understand the stock you are buying, it will pay you well. What are the finances of it? Is it making losses or profits? Is there a fair market price? Is the management clean or are they sons of Enron? Will it have a promising future for the industry? Look, if you know what you are doing in the stock market, you can make a load of money. So, with statistics and economic and global trends, get smart. Analyze and then act on all the factors influencing inventory.
Before you reach the stock market, there are some basics you have to comprehend. You’re going to make mistakes, but this is normal. every stock market player does. Just take care to play the book on the market to make sure you are riding on the booms and weathering the busts.