Be strict with your stop loss. It means when you are losing money, cut your losses and get out of the market. Similarly, if you are on a winning spree, setting a proper stop loss will protect your profits when the stock markets start going down.
Learn whenever you suffer a loss. We lose money in the market due to our mistakes. Find out where you went wrong and ensure you don't repeat it.
Avoid greed. It is easy to put money in a dud stock just because it is going up. You might be in a hurry to whip up some quick money for a down payment for your home loan or the down-payment for a new car hitting the roads. However, be wise and remember this price rise is due to market manipulation rather than any genuine change in the company's financial situation. Also, understand that to reap the best benefits you need to stay invested in a good stock for a long term.
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