All-star investors, he says, pay close attention to what's going on around them, looking and listening for trends and cultural shifts with a potential effect on the stock market. It's more than just picking stocks. Top investors know that success requires timing, proper asset allocation and patience. Learn basic accounting and charting. There are enough people out there to do the analysis, but learn to know what numbers to look for.
Investors rely on charting to spot trends and time purchases.
Charts reveal a large part of the investment story that triggers buy and sell programs. Learn to use the Internet as well as your local library and know how to sort out useful facts from the hype. Set clear investment goals. Never invest without knowing exactly what you are trying to accomplish. Know your risk tolerance.