One last point - no single method in technical analysis is sufficient for real-world investing. For example, even if you master Elliott Wave Theory or Gann techniques, by itself it would bring more heartache and disappointment. Often, you will need knowledge from other disciplines and sources to improve your overall investing skills.

Some tips for successful investing in stock markets.

1. Investing is a business. The rules of running a profitable business are same as investing in stock markets.

2. Learn to spot your own mistakes fast. When a mistake is made, exit your position and live to fight any day. The faster you realize your own mistake and faster you react will reduce your losses, hence increasing your chances of winning in long run. A useful method is using a 10% stop loss exit strategy. If you are long, and your stock price goes down by 10%, exit. If this same stock reverses and starts to surge, take this as your mistake of not identifying a more accurate (lower) entry point.

3. Understand yourself inside out. What makes you happy, sad, excited, depressed, ecstatic - whole spectrum of human emotions are merely states of mind. This is easier said than done but you have to keep improving your own control mechanisms.

4. Learn methods of successful fund managers – diversification, emotional detachment and having realistic expectations. Investing is a marathon not a sprint.

5. Money management skills. Whether amount is $10,000 or $10 billion, same rules apply. There are plenty of sources of information on this subject from internet.

6. Learn technical analysis.

The main thrust of this article is to avoid making mistakes that will cost you dearly. How you prepare yourself for bear markets, sideways markets and market crashes are vital to your success.

There are no secrets in investing – no magic formula, no discovery of some useful ancient secrets. Just knowledge, hard work, common sense and discipline will serve you well in years ahead. This verse from a 2500-years-old text is a useful reminder:

“Those who know do not speak, Those who speak do not know.” - Tao Te Ching, 56th verse

Stan Seecrets’ Postulate: “There are two types of people in world – those who know what they don’t know and those who don’t know what they don’t know.”

A sample letter is included here to help you in correcting your credit profile. Make sure that you clearly identify information that you dispute, include copies of receipts or documents that support your position. Then request that information be corrected or deleted from your file.

Send your letter by certified mail and request a return receipt from recipient. Keep all correspondence that you mail out. Give agencies involved 30 days to begin their investigation. You can call them but be aware that phoning them does not protect your consumer rights! You must notify them in writing to protect your rights.

They must notify you of results of their investigation. Although process will take time, it’s important to do it. This is your credit profile, your “consumer identity” that is at stake. Don’t expect an error to correct itself.

At your request, credit bureaus must send notices of corrections to your credit profile to anyone who has requested your report in last six months. If you applied for a job and were turned down because of inaccurate information in your credit report, you can have corrected report mailed to anyone who received a copy in past two years.

Sample Dispute Letter Date

Your Name Your Address Your City, State, Zip Code

Complaint Department Name of Credit Reporting Agency Address City, State, Zip Code

Dear Sir or Madam:

I am writing to dispute following information in my file. The items I dispute are also encircled on attached copy of report I received. (Identify item(s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.)

This item is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why). I am requesting that item be deleted (or request another specific change) to correct information.

Enclosed are copies of (use this sentence if applicable and describe any enclosed documentation, such as payment records, court documents) supporting my position. Please reinvestigate this (these) matter(s) and (delete or correct) disputed item(s) as soon as possible.

Sincerely, Your name

Enclosures: (List what you are enclosing)

Originally Posted at