What is the absolute best advice you have ever received on stock investing??!?

Hey what is the absolute best advice you have ever received on investing, Stocks.... :) thanksWhat is the absolute best advice you have ever received on stock investing??!?
Back in grade school I was taught that before you do any investing/trading learn what to do, how to do it, and when and where to do it.





In high school the same advisor told me after you think you know what you are doing, prepare a proper written plan for trading/investing along with a sound money management program and never deviate from the plan and program and nevr, never trade/invest on emotions.





You never go into any trade unless you know when and where you are going to get out.





Never average down, take a loss and walk away.What is the absolute best advice you have ever received on stock investing??!?
';Don't be average [when it comes to investing].'; -- Robert Kiyosaki, attributed to ';rich dad';





In other words, think about what the ';average'; investor would do, then try NOT to do that.





';Diversification is for the ignorant.'; -- Warren Buffet, legendary investor of Berkshire Hathaway





Diversification will DILUTE your earnings as well as your risks. Only people who don't study their stocks diversify.
Develope a trading plan before you start . Test it out by paper trading first.
Buy Low , Sell High! Follow that rule, and you will never lose any money.
Never let a gain turn into a loss.....
dont' burn your hard earned money on something you dont' understand.





learn to manage risk





be a trader or an investor, you cannot be both.





learn to STOP reading all the financial news.





learn to apply mind





a TRADER makes money, small fish rares makes any, they just get eaten by the crocodiles





read the forbes. when they say this is the stock to buy, start to sell it, that usually means fools are rushing in.





money is made when you CHOOSE to buy, and a loss is made when you HAVE to sell.








you havent' made a profit or a loss until you have bought and SOLD. both. ( money is in pocket)





http://shares.1441.org





that's are the best advices anyone can ever give you.
Know why you buy. If the reason you bought is no longer valid, sell.





www.BradleyElectricInc.com