WORDS TO TRADE BY

 

"If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards."

―Peter Lynch

You wouldn't buy a car without looking at it and giving it a test drive, would you? Then why make a trade without knowing anything about the position you're entering?

You don't have to understand all the complicated charts and buzzwords that the talking heads toss around, but you do need to conduct your own research when looking at a potential trade.

Learn to use trend lines to find out if a bearish or bullish trend is developing. Figure out what people are saying about the particular stock, future, or option you're interested in. A little knowledge goes a long way when it comes to growing your wealth.

This is your hard-earned money. Don't treat it like a stack of poker chips at the blackjack table. Develop a strategy and learn everything you can before jumping into a trade!