As share prices will be rising since speculators are chasing after the shares, the best strategy to adopt is to buy during a correction.
In case the share price should drop after buying, you need to do some averaging.
However, remember to keep on selling once you have profits.
SHARE PRICE -------> Rising --------> Correction or consolidation ===> Buy!
Always buy downwards and buy to average i.e. lowering your cost.
Ref: Making Mistakes in the Stock Market by Wong Yee
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
Wednesday 22 October 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment