Trading tips

[demeanor]

Always diversify your trades

Think, analyze, go through market news daily

beware of speculations and then buy or sell the particular commodity, stock or currency or an asset...

always have some money saved in a bank...coz we never know what would be the next movement of the markets

source: discussion with traders

 

[amnonco]

never ever read the news not on TV not the papers not the online version, NON. read price.

 

[Chartergas]

doesn't diversifying mean you don't know what you are doing???

Ask Buffet about diversification!

 

[amnonco]

Buffett's well diversified. just look at Berkshire's portfolio.
you got medical, media, insurance, jewelry, manufacturing, food & drinks.
just look at BH holdings and you see a well diversified "long only" portfolio.

Diversification is the only true risk management method. if you want to minimize risk, you should maximize true diversification. (max the number of zero correlated underlying assets)