10 keys to success in investment

While it may be true that in the field of investing,there is no rule without an exception, there are some principles that are tough to dispute. The following are the top 10 rules to success in investment

1. Sell the losers and let the winners ride!

In investing you should know what you are doing, let go of thing that could give a negative impact on you.think twice before you invest
2. Don't chase a "high tip".
When you make an investment, it's important you know the reasons for doing so; do your own research and analysis of any company before you even consider investing your hard-earned money. Relying on a tidbit of information from someone else is not only an attempt at taking the easy way out, it's also a type of gambling. Sure, with some luck, tips sometimes pan out. But they will never make you an informed investor, which is what you need to be to be successful in the long run.

3. Don't sweat the small stuff.
You shouldn't panic when your investments experience short-term movements. When tracking the activities of your investments, you should look at the big picture. Remember to be confident in the quality of your investments rather than nervous about the inevitable volatility of the short term. Also, don't overemphasize the few cents difference you might save from using a limit versus market order.

4. Don't overemphasize the price and your commission
Investors often place too much importance on the commision. Because it is one key tool among many, using only this ratio to make buy or sell decisions is dangerous and ill-advised. Just always remember,even millions of pesos started from a single cent,so even 1 cent is really important.

5. Resist the lure of penny.

Learn to spend your money on things that would help you in the long run.

6. Pick a strategy and stick with it.
You shouls establish you own strategy,always stick into your guts.Dont listen to other people,do it your own way.If you succed,it would be more rewarding because you did it you own.

The tough part about investing is that we are trying to make informed decisions based on things that have yet to happen. It's important to keep in mind that even though we use past data as an indication of things to come, it's what happens in the future that matters most.

8. Adopt a long-term perspective.
Large short-term profits can often entice those who are new to the market. But adopting a long-term horizon and dismissing the "get in, get out and make a killing" mentality is a must for any investor. This doesn't mean that it's impossible to make money by actively trading in the short term.

9. Be open-minded.
Never lose hope,in the field of investment,its normal to go up and down.just play with it.

10. Be concerned about taxes..You should always attempt to minimize the amount of tax you pay and maximize your after-tax return, but the situations are rare where you'll want to put tax considerations above all else when making an investment decision.

Conclusion 
There are exceptions to every rule, but we hope that these solid tips for long-term investors and the common-sense principles we've discussed benefit you overall and provide some insight into how you should think about investing.