Do's
- create your own trading strategy. Keep fine-tuning. Draw from other sources but develop your own strategy.
- Get into trading if you think that it is going to be "easy". It's not.
- Trade wisely
- Understand that there is no guarantee of returns on stock markets or returns on your investment by any broking company.
- Get into a regular routine.
- Try to have a trading mentor.
- Ensure that you do your own research before you buy any stock or take any position
- Have more than one account just in case your primary account goes down for some reason.
- Remember that there are no guaranteed returns in the stock market
- Insist on a Contract Note for every trade
- Provide complete and correct email address and mobile number while opening trading / demat account
- Constantly scrutinize your trades and see if there is room for improvement
- Make yourselves aware of details of all charges and penalties
- Register your mobile with the stock exchanges also
Don't
- Get too down on yourself about losses, and don't get too high about your gains. No matter how good you are, you WILL have losing days and losing months.
- Fall prey to promises of guaranteed returns given by anyone
- Get misled by persons on the ground of higher returns, fixed returns and / or monthly returns just to procure a trading account from you
- Don't: try to trade at work. It will affect your performance at your job and your trading performance.
- Leave the custody of your demat transaction slip book in the hands of any person including your broker
- Have a secondary Internet connection, just in case.
- Execute any documents without fully understanding its terms and conditions.
- Get carried away by any advertisement issued on financial commitment, returns
- Figure out a nearby cafe that you could trade at, just in case your power goes out.
- Blindly imitate investment decisions of others who may have profited from their investment decisions or invest in good faith even from people whom you know
- Get misled by guarantees of repayment of your investments either through monthly pay out or through post-dated cheques or other commitment
- Get swayed by promises of high returns
- Allow any person to take investment decisions on your behalf
- Give blank cheque for whatever reason
- Adopt trading / investment strategies which is not commensurate with your risk-bearing capacity
- Assume that the investment in cash and derivatives market is similar to investment in mutual fund or other investment avenues
- Assume that if trading is done with a known intermediary it will be safe Carry and therefore always carry out the due diligence before registering as a client, and there is no guarantee that any investment decision will result in profit.
Get ligh weighted here@ Financial Jokes
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