To Make A Big Sum On The Stock Market By Making The Decision To Best Suit Your Personality

By Author: Marcella Jaylon
Total Articles: 73
Comment this article

To prevent this from happening I have put some helpful strategies and guidelines together that should be useful if you are planning to withdrawal your money and start trading on the stock market.

With this problem in mind let's consider a few of the most important things to remember.

1) Firstly, you need to determine what kind of person you are and what type of investor you will be. Perhaps you will be challenger, follower, niche player or even leader. These types of personality types are the main types when making an investment and by knowing which one applies to you, you will better know how to invest your money. But which type is which?

- Leader: This type is extremely dominant in the market and they make the tough and risky decisions that the majority of the time help them to make a return. Yes, this can be risky but if it is done right you can stand to make a significant amount of money.

- Follower: As suggested in the name a follower follows. Following? If you are this type of investor then you will follow the trends and see what other people are doing and just follow their decision. This can ...
... be successful but you may never make the big bucks as you will always be in the shadow of giants, playing catch up trying to stay ahead of the leader's next move.

- Challenger: A challenger will not always stick to an established strategy but they will rather just create their own game plan. This involves being a bit of a rebel and being somewhat of a player. They will take chances and make opportunities. By adopting this method you stand to make a lot but you could just lose it all.

- Nicher: A nicher will stay within their niche and only focus on markets that they are familiar with and feel comfortable predicting. Most stock brokers and advisers will tell you to adopt this style as a way to play it safe and ensure you do not lose too much money. It is also a good way to ensure that you have some background knowledge of the company you are about to invest in.

2) Which is the best strategy for you? There are lots of different strategies, which have been individually developed to focus on specific sectors within the industry. For instance, there are various strategies that are in circulation, which focus on technology development, company growth and on the financial records of a company. But which one should you choose?

- Innovation strategies: This strategy is all about keeping up-to-date with the latest technology updates and releases. You really should follow a business's internet press release or blog and then track when products will be released. Therefore making an investment in a company prior to the release of their new product may see you making a lot of money once stock prices increase.

- Late follower: This particular strategy is all about being stable and strong. This is all about avoiding big risks but rather making strong investments in secure companies that are very unlikely to go down in price.

3) And remember, put a little bit of money aside. It is advised that you put 10% of your earnings back into your original bank account, this way you will not lose all of your cash by investing in just one company. You should therefore split an investment into completely independent companies, so as not to put all your money on black.

However, it should be said that the stock market is not for everyone so maybe you would prefer to open an Instant Access ISA if it would be less of a challenger and look into less of a risky investment option.