7 Rules of Investing Success

7 Rules of Investing Success

1. Decide if you are going to trade or invest in a stock at the outset. (It is a big difference!)

2. Always profit from your trades. (Your an investor to make money)

3. Know your tolerance for risk.

4. Don't get greedy. (It's better to sell too soon than too late)

5. Have an exit strategy before entering into a trade or investment.

6. Practice diversification!

7. Treat your investing like a business. (It's your money, put the time and effort into it to get better)


Some additional rules to follow is to:

Establish a personal trading plan, develop a mission statement, and come up with some personal trading rules.