Proverbs 21:5
The thoughts of the diligent tend only to plenty; but the thoughts of everyone who is hasty only to poverty.
The thoughts of the diligent tend only to plenty; but the thoughts of everyone who is hasty only to poverty.
Learn the virtue of diligence. Who is diligent then?
Diligent means constant in effort to accomplish something; attentive and persistent in doing anything. Same is true in the stock market.
We already knew that the stock market is not only graphs and monetary value, there is some more to it thus you need to constantly learn so that you can finally do your trades is if it is your second nature. Rushing to place a buy without researching first a stocks fundamental side is a bad move as well us buying on impulse because the news said its price has gone from a low price to a high price.
Remember the truth that I have been saying: No one can accurately predict the stock market only probable outcomes. There will be time that you have this hunch but you hesitated to place a buy or sell order and after sometime the price have gone up or suddenly collapse and you suddenly thought you could have profited by no. But that how it is, risk is there. That is why you have to be diligent in learning the ways and psychology of the stock market.
Don't be ashamed to ask but at the same time don't rely on somebody else opinion. You got to have your own after thinking it over.
So read, investigate, analyze, take a deep breath and place that bid or sell, if it turns out right you profit and if not you at least gained an invaluable knowledge which can help you do better in the next trade.
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