Investing is challenging.

I have made a lot of money in the stock market, but I’ve also lost a lot of money there as well. Early in my trading career, it was like a pendulum swinging from one side to the other. I would make money, then lose it all, make money, then lose it all. This cycle would repeat until I finally stopped trading.

I went to 100% cash, and told myself that I would never trade again until I “figured this shit out!”

I went on to spend months and months studying the experts, analyzing my trades and actions, and developing my unique trading strategy. Finally, after a (seemingly) long hiatus from live trading, I went back into the market. This time with much more solid and consistent success.

Below are the lessons I was “fortunate” enough to learn early on in my investing career.

These 10 investing tips will drastically help anyone, as they would have saved me many thousands of dollars had I known and acted on them sooner than I did.

1. Stop what you’re doing

10 Quick & Dirty Investing Tips for the Young ProfessionalStop! Don’t invest until you know what you’re doing!

Before doing anything, stop for a minute. You need to learn the basics.

Investing is hard and expensive if you don’t have a plan. Essentially everyone is making money as the market roars to record highs, but do not be led to believe that this will continue.

What happens if the market dips down by 20%? Are you prepared? What would you do?  (more…)

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