5. MANAGE ONLINE TRADING RISK
Just like any other type of business, online trading is a huge risk. This can even turn out to be the biggest gamble one has to make. It can be a success and one will end up rolling in money. On the contrary, it can be an utter disaster. No one knows the consequences of online trading.
That is the reason why the gurus advise to tread carefully in these troubles waters of online stock trading. This is an ocean – full of dangerous sharks, ready for attack. That is why it is sensible to take few risks. Planning is of utmost importance. The time that is spent in pre-planning usually pays off well at the end. In this way, one can take small amounts of loss. That is far better than losing it all.