3 Habits for Successful Investing

                     A pyramid representing 3 habits for successful investing 

   

Investment Discipline. Think about it – there must be a reason why the most successful guys in stock markets are referred to as – investors and not by any other term. Investment requires a regular stream of income. If you are looking to quickly multiply your corpus by doing some quick trades in stocks, your best bet would be some form of technical/ momentum kind of trade. A few have succeeded at that; so its very possible, albeit risky.

Research is something you may be able to outsource, though it helps to be aware of what’s going on all around you. In any event, it is easy to understand basic numbers. In short, this is not where many people falter.

PATIENCE : There is a reason why Patience occupies a position right over the top of the pyramid It is the most important of all habits for successful investing. While your portfolio may be built on traits of sound research and military discipline, unless you have what it takes to hold on to it, nothing will ever work.

               Patience in markets is not restricted to the ability to allocate money to stocks and then hold on to them; it equally applies to YOUR ABILITY TO NOT DO SOMETHING FOOLISH WHEN THINGS DON’T PRODUCE THE DESIRED RESULT.