Why attitude is more important than IQ

Scott Barbour/Getty ImagesSuccess lies in how you handle defeat.

Basic Lesson 9: Understanding COL Financial Trade Charges

If you are engaging in stock market trading, then is very important to have the basic knowledge on how much it would cost every time you buy or sell stocks. This would help gauge the break even point for buying and selling of  stocks that should at least recover the transaction costs.

The COL Financial Trade Charges Structure:

I studied the above structure of fees that I need to pay for every COL transaction hence it guides me in planning how much would be the prospect swing in prices to cover the incurred trade cost plus the expected plan gain.

See below sample computation for reference:

Good Luck!

Highly Diversification of Stock Portfolio versus Concentrated Stock Portfolio

I back tracked my stock portfolio in my first year of stock investing versus my current stock market trading and found out that my stock portfolio initially was over diversified.  I have around 10-15 stocks even though I just have around few thousands of money in COL account. I even by stocks at around 2,000 which I realized later that shouldn't be the case in buying stocks (See Basic Lesson 9). The way I see things before is kinda different compared today. Before, I was trying to save money by investing in stocks and because of that,  I was so afraid to lose my money hence the reason of buying a lot of stocks under different industry. I don't know how to choose stocks back then as I am just relying on COL investment guide and which ever stock is popular.