#1: Look for stocks with strong earnings growth: The key to making money in stocks is to invest in companies that have strong earnings growth.
#2: Follow the market's major trend: To minimize risk, follow the market's major trend and only investing in stocks that are in uptrends.
#3: Use technical analysis to identify buy and sell points: Using technical analysis to identify buy and sell points in individual stocks. This involves analyzing price and volume patterns
#4: Cut losses quickly: The importance of cutting losses quickly if a stock starts to go against you. He suggests setting a 7-8% stop-loss point for each stock you own.
#5: Take profits when you have them: Taking profits when you have them, rather than holding onto a stock for too long and risking giving back your gains.
#6: Avoid buying stocks that are extended: Cautions against buying stocks that are extended, meaning they've already had a big run-up in price and are now trading at a high valuation.
#7: Look for stocks with strong institutional support: They're being bought up by mutual funds and other big investors.
#8: Stay focused and disciplined: When investing in stocks. This means sticking to your investment strategy and avoiding emotional decisions.
#9: Continuously educate yourself: Investors should continuously educate themselves about the market and investing. This can include reading books, attending seminars, and studying successful investors.
#10: Lastly be patient: Finally, O'Neil advises investors to be patient and to have a long-term outlook. Investing in stocks is not a get-rich-quick scheme, and it can take time to see significant gains.
Disclaimer : Above content purely for Educational purpose, Do your own research before taking any position.
Source : Books
Please FOLLOW US, SUBSCRIBE and SHARE this article with your friends. Learn and Grow with us.
If you have any queries feel free to contact us.
Thanks and Regards
FunTech Team
Commentaires