Chapter 5

Chapter 5: Now That I Own It, What Should I Do?

So you’ve taken the leap and bought your first stock. Congratulations! Now you are probably asking yourself: what do I do now? If you already have a little profit, you are probably thinking that you are brilliant and kicking yourself for not buying more; and if you already have a bit of a loss, you are probably thinking you are an idiot and that you knew you should never had bought that stock in the first place! Don’t worry; every stock trader has had these feelings.
This lesson will help you answer the question: Now what do I do?

5-01 Ride Your Winners

5-02 Don’t Fall in Love With Your Stocks

5-03 Never lose more than 10%

5-04 Diversify, Diversify and Diversify

5-05 Know When to Hold’em, Know When to Fold’em

5-06 Watch the Volume!

5-07 Keep to Your Exit Strategies

5-08 Resources

5-09 Chapter 5 Exam