Student here (18 this year), relatively new to investing/trading. Attended quite a few free investment/trading talks and seminars. Recently bought 10 lots of $YZJ Shipbldg SGD(BS6.SI) at $1.03 with CFD but the price went down and hit my stoploss of $1.00, resulting in a loss of $300. I bought it due to good news and share buyback, hoping to profit from an intraday trade with huge gap up. It may seem less to many of yall here but is quite a pain to lose $300 in 1 day on my first trade. LOL. With a capital of $5000 in my CFD account, there is little I could trade/invest.
I have came across some news/articles saying market is bearish, funds/bbs are leaving the market, market gonna crash etc. And also funds/bbs are needed to push share prices up easier. Moreover, it has been almost 10 years since the last financial crisis. I heard some gurus say market cycle is about 10 years. This leave me in a dilemma state, whether should I trade/invest more in the highly volatile and bearish market or should I save more money and do homework on what stock in my bucket list to buy when the market revive from the next market crash?
I have seen so many investors/traders posting their portfolio, trade wins, profit gains etc. making me so envy of their return. Im always so curious how they are able to make so much money from the market. How they are so good at picking good quality JEM stocks and their precise entry into the market. Is it all about who got the most capital to pump it to the stock market (e.g funds/BBs) to move the market and retail investors like us will follow? Then when they sell, we also follow? Like macham the big players eat the small players?
Lastly, since I will only have about $10,000+ from my savings as a student, I will not be able to buy many quantity of a stock or many stocks. So should I trade/invest with CFD to leverage my small capital Im aware of how CFD leverage my loss too so I will trade with cautious with stoploss). If I were to go ahead with CFD, should I trade/invest with a CFD DMA (direct market access) account or a normal CFD (market maker) account? Currently im using City Index CFD account.
Thanks for reading my essay LOL. Any opinions/suggestions, please feel free to comment below! Really appreciate your help to guide this young boy into the investing world. Really hope to learn from you guys! Cheers! =)