It's been over 10 years since I first became interested in trading even more so I can still remember those first days when I was so excited about making money from the stock market.
Back then I was always in a hurry to trade, buying shares for no reason at all just because they were up in the morning I'd believe they still had further to go. I would carry out no research on the stocks I traded not even to determine whether or not the stocks were going to rise in value. After buying the shares in particular blue chip companies I would sit by the telephone calling up the broker every 10 minutes making a nuisance of myself by asking the broker whether or not I had made money. After a few years of losing hefty amounts of money I decided that trading was not for me and that those who were making money from trading had been given some sort of special power when they were born enabling to understand how the stock market worked.
Now that I had stop trading I would often think to myself could I have been a better trader if I studied the company fundamentals before I brought shares in them. Yes no I couldn't make mind up whether things would have been different and would I have been a millionaire by now. The thought played on my mind for a while till I eventually started reading books on how to trade. I would read books published by warren buffet, Jim Slater of Zulu principles and even books like one up one wall street by peter lynch.
Even though I had some knowledge of how to lose money on the stock market It was good to gain more knowledge by reading from masters on the pitfalls of greed and impatience in trading.
After a year and a half of not trading and reading books night and day on the topics like how to value a company and even some books on trading options. I now felt I was ready to go back into the market so I called up the brokerage firm I had an account with to make sure it had not been closed since I had not used it in quite a while. To my relieve it was still open so I set about researching a few companies with the new learned skills I had acquired from the masters. I found some very attractive companies with the new methods I employed and now that I had learnt how to value a company by dividing the company's price per earnings ratio by its earnings per share or let's say growth I was able to determine whether the shares of the company were cheap or expensive. So later that week I placed my first trade well I like to say my first trade because now I had felt I had not been trading at all, I had been gambling. To read on go to www.bestcompanyformation.com Were I will reveal the secrets of trading that no one else will for free.
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