Don't hurry

Rule number 1: don't hurry. Most - if not every - market wizard started off as a beginner. And beginners they were for long time.

Take your time to learn the things.

And make sure you don't loose your money during this learning curve.

World is like a poker play, marketing gurus try to hassle us into giving up our hard earned dollars.

Protect your money till you learn the game.

Information

In the good old days, we said "not enough information".

That excuse, is no longer the truth. It is a stupid excuse.

All information about companies published on the internet in governemnt webiste. All economic statistics are published. We all have access to the "trading floor" of stock exchange thanks to Internet and the latest trading softwares. We all can have access to all the news that is travelling around the world e.g. by Reuters.

Reading blogs, working with social networking websites, we can be directly exchange e-mails, chat or whatever with major leaders of companies or their friends.

Not enough information? Wow! The guy must be blind or stupid or what? The problem is what informatin to use from the sea of data?

On Self-study

Learning never ends.

There seem to be always more unread books no my list than read ones: http://pfornai.blogspot.com/search/label/Books

There seem to be more items to research on my TODO list than items on my entire website: http://pfornai.blogspot.com/search/label/Todo