Have you ever seriously thought of what your objective is in investing in the stock market? According to seasoned investors, this is a key consideration to your success, as they also quickly add that “objective” is not the same as the “desire” you feel about making money in the stock market.
A sign that we don’t actually have an objective when investing in the stock market is that despite the many years of investing in the stock market, we still don’t have any significant accomplishment to show. Instead, what we all have is but a scattering of various stock holdings that are oftentimes in small meaningless quantities. This even extends up to owning many stock holdings in odd lot sizes – for not knowing any better how to trade them profitably, too.
In pure and simple terms, stock investing is but a savings plan. It should only be your objective to making more money. This will lead you to how much money you should put into play and how much time you need to spend to reach that objective. Something didn’t look good in the breakout, though. Looking closer at the trading results of Friday, of the total 78.97 points gained in said two days, 77.66 points were made on Thursday while only 1.31 points were earned on Friday; foreign investors were major net sellers for the day, too.
With such relatively limited trading breadth and depth, it may still take a bit longer before we will see which direction the market will be tracking. In the meantime, some brokers have already issued buying recommendations for it looks like the market is on an “accumulation process” having technically broken out of the estimated resistance level of 6,600 or so.
Under these circumstances, you should hit for a rate of return between 15% to 25% per year. You can aspire for more. Under present circumstances, however, this may only materialize through luck or inside information.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN Philippines - 🏆 13. / 63 Read more »