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Due to the current global financial crises, most investors are selling their equities to minimize their loss but every challenge is actually an opportunity for a great stock trader to take position during this bear period. The qualities I will like to consider which most great investor demonstrate are boldness, patience, abilities to recognize opportunities and take actions.
Boldness
Most great stock traders are bold and are willing to take calculated risk when others are trying to bail out of the stock market. The reason they take calculated risk is because they know that the stock market has two significant periods which is also known as the bullish market and the bear market. The bullish market is when most listed equities appreciate in price while the bear market is when the prices of equities fall. Great investors recognize that the best time to buy a stock is when it below it 52weeks high which leads me to my second point.
They recognize opportunities
Most great stock trader recognizes opportunities and they act on their decision during the bear period because they follow the principle of buying low and selling high. They are able to maximize their profit using this principle. Since fundamentals determine the response of the market, they do their research on the earnings of the companies released to the market. They consider the profit after tax of the companies and also the quarterly result release to the public. If the earnings release to the public is positive and the profit after tax is positive, they will mandate their broker to buy the stocks.
Patience
Another important principle is patience. The ability to wait patiently for the bull to return back to the stock market. In some cases like penny stock ands some blue chip companies, you take your profit the same day, while in some cases you might have to wait for 3 month or 6 month before you can take profit or receive returns on your investment.
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