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SHARE TIPS

If you are looking for information on share tips, there is an abundance of advice and information available on  the Internet. The most important thing you must realise with share tips, is that the person promoting the information about the rising star probably has a vested interest in more people piling into the stock, so always apply a healthy dose of cynicism before piling in your savings into a share tip. there are also lots of resources where you can research shares for free and this is a great way of investing if are prepared to trust your judgement.

                                

"Decision Making Ability with Penny Stocks" by Rob Bens

When trading penny stocks online decision making is the core to you success. You have to decide on when, where and how many shares you will buy. I have a couple tips to help you with your decision making through the stock day. I feel it is important to address this topic. Every time you make a trade, you make a decision. The more decisions you make, the more you increase your self-esteem.

 

You grow with each decision, yet each decision has a price--you must discard a choice, and you must commit. Conditions are always imperfect! You must allow yourself to fail. Allow for human limitations and incorrect choices. Reserve compassion for yourself and your limitations.

There is so much instantaneous information available to all market players today. It is OK to use intuition and to listen to that little voice inside your head, "Does the trade feel right?" If in doubt, get out...!


There are lots of places on the Internet where you can get red hot tips on stocks and shares, but just be cautious before you trust the information coming from a complete stranger!


Golden Rules Finally, I want to leave you with what I believe are two Golden Rules, applicable to all traders but, of essential importance to short-term swing traders:

                          

NEVER, ever, average a loss! Sell out if you think you are wrong. Buy back when you believe you are right. NEVER, NEVER, NEVER listen to anyone else's opinion! Only YOU know when your trade isn't working.

 

Hot Penny Stocks


Blue-chip stocks will generally be a safe place for your money in the long-term, but it seems that people are tending to look for massive gains in a short period of time.

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