Michael Merisier

Most people consider a country’s stock market performance to be the best indicator of how well that economy is doing. Stock markets cover all industries in all areas of the economy. Stock markets encourage investment. Raising capital enables companies to grow their business, expand their operations and create jobs in the economy. This investment is a key factor in economic trade, growth, and prosperity.

Michael Merisier, who is a famous entrepreneur and investor and the founder of Luxury Rental Bae, understands the importance stock markets have played throughout history to make people fortunes, help companies to innovate, and boost a country’s economy. But as greatly rewarding it is, Stock trading is a risky endeavor. Many retail traders usually end up losing all of their money. Michael who has been learning and investing for years suggests some essential tips for every beginner trader should follow:

  • Keep a check on your emotions: As Warren Buffet has said, “Success in investing doesn’t correlate with IQ … what you need is the temperament to control the urges that get other people into trouble in investing”.Most Investors let their investment decisions be guided by their heads and not by their guts and suffer huge losses. In fact, emotionally triggered trading overactivity is one of the most common ways investors hurt their own portfolio returns.
  • Build up your positions gradually: Time is one of the greatest assets of any investor. The most successful investors of the world buy stocks based on share price appreciation, dividends, etc. expect rewards for over years and even decades. That means you need to take your own time understanding and learning during buying and focus on long-term rewards which are mostly compounded and exponential if a person does his research and has patience.
  • Always keep a Stop Loss: Wishful thinking is one of the reasons many people lose their everything. Many investors don’t deploy Stop losses in hope that the stock price will bounce back. And most of the time they keep on losing till the point that now they can’t even square off and everything they have is gone.
  • Keep on Learning: This one is probably the most important in any career you pursue. Like your Money in the stock market, Knowledge and expertise also get compounded over years. Warren Buffet, who is regarded as one of the most successful investors of the century, read around 5-6 hours a day. As Investing is a skill, learning, understanding, and practicing will make you smart and over the years it will make you a fortune.

Most of the companies with better understanding and plan, perform greatly in long term and grow exponentially. Michael Merisier points out as most of the people rush for short-term gains they miss the chance to make abundant wealth from the stock market. Successful investing is not about timing but more about time, and the people who understand that become wealthy from the stock market.