A very sincere piece of writing..I started investing from 2015.For 6 months, no live trading,just read the essential financial & investing books, developed strategies, learn to read the market both TA, FA & market psychology. Train my mind to overcome fear&greed.embrace 100% discipline.Then spend 1 month, did simulated trading. Learned all these under a mentor.Then finally..come the real stuff...live trading..I must say, this process works well for me...so far in the green.Still learning & reading..but more advance stuff.Hope you can develop a right trading strategy for yourself. Happy trading...Cheerio.
Similar to you I've started with 10k during my second year of poly. I'm 23 now and it had since grown to 25k.
During this process the only loss I suffered was 2.5k which represent 50% of my invested capital in that counter itself.
If there's one take away I could share with you is focus on the past performance of the company to decide if it is a good investment and take future earnings with a pinch of salt.
Warren buffett said this: "if you can't hold a stock for 10 years, don't bother holding it for 10minutes"
Reply to @Darren68 : I got lucky haha most of my counters started on bull run after holding on a few years. All the best on your future endeavour and let me know if I can help you with anything :) always happy to share and make new friends with similar interest and background
A very sincere piece of writing..I started investing from 2015.For 6 months, no live trading,just read the essential financial & investing books, developed strategies, learn to read the market both TA, FA & market psychology. Train my mind to overcome fear&greed.embrace 100% discipline.Then spend 1 month, did simulated trading. Learned all these under a mentor.Then finally..come the real stuff...live trading..I must say, this process works well for me...so far in the green.Still learning & reading..but more advance stuff.Hope you can develop a right trading strategy for yourself. Happy trading...Cheerio.
Reply to @IntelligentSperm : Hi, do you mind sharing the contact of ur mentor?
YZJ Shipbuilding chart is clearly on a downtrend. U are trying to catch a falling knife. The odds are against you.
Similar to you I've started with 10k during my second year of poly. I'm 23 now and it had since grown to 25k.
During this process the only loss I suffered was 2.5k which represent 50% of my invested capital in that counter itself.
If there's one take away I could share with you is focus on the past performance of the company to decide if it is a good investment and take future earnings with a pinch of salt.
Warren buffett said this: "if you can't hold a stock for 10 years, don't bother holding it for 10minutes"
Reply to @Darren68 : I got lucky haha most of my counters started on bull run after holding on a few years. All the best on your future endeavour and let me know if I can help you with anything :) always happy to share and make new friends with similar interest and background