RE: Share price14 Aug 2024 10:10
Im new to investing myself :) but my uncle is a seasoned Trader with over 45years experience on both Stock and Money Markets, his advise to me was Discipline!! Simple as that. Everyone who invests in the markets does so to make money of course, but everyone should know their own limits. One persons sell price may and will be different to another, so i set myself a margin of what i am personally happy with. That way if i get out but stock does better, im happy with my endeavours.
Dont chase bad losses with more money in same stock, remember Discipline!!
The other advice my uncle gave me, only gamble with what you are prepared to lose!! Once you put money into stocks, that money is effectively gone till you get it back, no certainty whether that be in profit or not.
Take your time, dyor, if have doubts dont invest! Everything brings you back to that word, Discipline!!!
GLA