| Ten Basic Tips on How to Survive in the Stock | | | | 5. Be ever aware of your emotions particularly "Fear." |
| (Shark) Market! | | | | For this will freeze you or cause you to panic. This |
| The stock market today is awash with the blood of | | | | will expose you to dangerous undercurrents and place |
| investors who have been literally torn apart by the | | | | you in unnecessary danger. Know your own |
| feeding frenzies of the Sharks that are ever roaming, | | | | strengths and weaknesses.Avoid feeding frenzies as |
| and very prevalent in todays market place. | | | | you might end up being on the menu instead. |
| Particularly if the investor is not forewarned of the | | | | 6. "Greed" will also cause you to venture into |
| dangers lurking or are unprepared and dive into the | | | | uncharted territory in the hope of finding more |
| waters blindly. So how can you put the odds in your | | | | treasure. This is the time to stick to your preplanned |
| favor so you don't get eaten alive the minute you go | | | | path of safety. |
| dabbling in the pool? | | | | 7. Keep a constant check on your progress. Are you |
| Like any diver you need specialist equipment and | | | | on track? Have you deviated from your preset |
| knowledge, training and preparation before you take | | | | course? |
| the plunge. | | | | 8. Know when its time to exit because of either |
| 1. The first essential piece of equipment is a "Business | | | | having achieved your goals or because it is no longer |
| Plan". This prepares you for the future as you will | | | | safe to stay in the water. |
| know your destination (goals), the results you want | | | | 9. Learn from your mistakes and profit by the |
| to achieve, and you are then prepared for any nasty | | | | experience of those who have gone |
| surprises that might eventuate during your swim in | | | | before.Particularly those who have lived to tell the |
| shark infested waters. | | | | tale. |
| 2. Secondly know the "Risks" involved. Are you | | | | 10. Lastly but most importantly know whether it is |
| aware of your risk tolerance? Beware you are not | | | | prudent or suicidal to enter the market. And have the |
| out of your depth and putting your assets or | | | | patience to wait till the right conditions presents itself. |
| yourself in danger. | | | | No doubt you will find more lifesavers as you venture |
| 3. Research the areas you will be moving into. Know | | | | into new unexplored territories and your survival |
| in advance by looking up the relevant charts and | | | | instincts will improve on each trip that you |
| fundamental information of your future targets. | | | | successfully complete. |
| 4. Protect your assets by using insurance (Stop | | | | Remember to look out for the "Sharks" they are |
| Losses.) This will minimise your losses and protect | | | | ever out there! |
| any gains you might have already achieved. | | | | |