The first thing you should do after buying stocks is to set a time limit. This can be anything from 1 day to 1 year. The idea is that you will sell the stocks when the time limit expires.
Secondly, you should set your risk tolerance level. This will determine how much risk you are willing to take on in order to make a profit. If your risk tolerance level is low, then you can set the time limit to be short and the number of shares purchased relatively high so that a small change in price will result in a large profit for you.
But if your risk tolerance level is high, then you can set the time limit for longer and purchase more shares so that a larger change in price will result in greater profit for you. If you want to learn more about trading and risk tolerance, I recommend the book “Characteristics of Successful Stock Market Traders” by David Nassar.
It’s a great read! I think that the most important point to remember when trading stocks is risk tolerance. If you are comfortable with taking a bit more risk, then go for it. But if you want to limit the risks, just start small and build your way up.
If you want to learn more about investing in general, I recommend “Investing For Dummies” by Eric Tyson. It’s an easy read that goes into detail about all aspects of investing in both stocks and bonds.
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