The First Rule Of Stock Market Trading
I first got interested in stock market trading when I was twelve years old. The first two stocks I bought were Union Oil of California and Sears Roebuck department stores. These were the only companies that I knew well since that is where my family bought our gasoline and shopped for almost everything else. My stock market trading you must understand was only on paper. However, fifteen years later, I became a licensed stockbroker for real and now my stock market trading was using my ideas and other people’s (my clients) money.
The first and number one rule I learned as a professional was the same rule I happened on when I was twelve; in your stock market trading, only invest your money in companies that you know and understand. I understood Union Oil. The gas station was right down the from my house. Everyone knew my mother and father there. When they gave away free calendars every year, they saved one for us. I knew and liked the company. That is the best rule to follow if you are beginning in stock market trading …
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