1. You need to set up a sell amount every time you buy a stock. Never enter the game with out knowing how or when you will get out. The money that you make on the stock exchange will be when you sell, not when you buy. So make good selling decisions.
2. Don’t buy a sock that is falling in price because you think it will go up. You should however work towards buying stocks that are rising because then you are almost assured some sort of profit.
3. Don’t follow stockbroker celebrity’s advice like gospel. This isn’t because they give bad advice, because normally they give good advice, it is because they give that advice to a lot of people. So once you get your hands on the advice it’s old news.
4. You should look for a broker that will give you good value for money with their commission fees.
Here is a good book by Kassandra Bentley entitled "Getting Started in Online Day Trading". Click below to order it from Amazon:
Or, in South Africa, click here to buy it from Kalahari.
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