10 most important rules for successful investing

I trade on GPW (Gielda Papierow Wartosciowych w Warszawie – eng. Warsaw Stock Exchange) via my broker account in my bank. All my accounts (personal, saving, broker, fund supermarket) are fully integrated and easy to manage.

On my bank’s website, I found an interesting list of 10 most important and most quoted rules concerning investing. There is an English part of this website, but unfortunately page containing these rules is available only in Polish.

Below I listed them. These rules are very simple, but a lot of beginner investors don’t obey them.

1. Those who think they are smarter than the market, they feed it.
2. Never put all your money into one stock company, fund or even one type of funds.
3. Broaden your knowledge about the market.
4. Have your own opinion. Treat analysts’ opinions only as a support.
5. Be consistent in your actions.
6. Always establish how much you can lose.
7. Don’t try to make quick money. Investing is for patient people.
8. When media says there is a boom on the market, start selling your stocks.
9. Don’t try to catch peaks and troughs.
10. Never invest against trend.