Bangalore: Investors are always hard to convince and they don’t agree easily on something, but they do agree when it comes to money-making in the market especially when it has a steadfast strategy built up with a set of rules. As a young investor one always faces problems due to inexperience. They jump in with very little knowledge of the markets.

If you still don’t have your own carefully sited set of investing rules, now is the time to make one. For a start you can start consulting who pursued well in an investing career. Here are few tips from best investors of the world jotted down by Investopedia.com.

1. Dennis Gartman

“Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are ‘right’ only 30 percent of the time, as long as our losses are small and our profits are large.”

In 1987, Dennis Gartman began publishing The Gartman Letter, which is a daily commentary of global capital markets. The commentary was all about hedge funds, brokerage firms, mutual funds, and grain and trading firms around the world. It was broadcasted every morning. Mr. Gartman is also a skillful and proficient trader and a frequent guest on financial networks.

His rule is based on mistakes that young investor makes. First, ‘let winning trades run’. He says, ‘don’t sell at the first sign of profits’. Second, ‘don’t let a losing trade get away’. Investors who make money in the markets are well accepted with losing a little bit of money on a trade but they’re not okay with losing a lot of money.

As Mr. Gartman points out that you can’t be right all the time in predicting the market. What is more important is to let all others winning trade win but you should get out of a losing trade quickly. The money you make from the winning trades will far overcome your’s lost amount.