Honestly, it’s easier said than done. Over the last couple o...
Honestly, it’s easier said than done. Over the last couple of months, I have made some money and also lost some money despite doing my in-depth research and analysis. Sometimes, the stock prices just dropped for no apparent reasons. Perhaps, the stocks are being manipulated by some short sellers or they know something that we don’t. Over time, I have learnt to stick to quality companies with strong fundamentals - companies with strong earnings and growth potential and growth strategy. If the market turns bearish and prices start dropping, to try to remain calm and not do panic selling (that’s why I try not to do margin trading and to only use spare resources to invest). If not, we will not be able to stay calm and make logical decisions. That has enabled me to pick up some valued stocks during the dips. I am still learning and improving my trading mindset. This will be ongoing and I hope I will make lesser mistakes and gain more confidence over time 😊.
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Meta Moo : Keep learning and practicing more.
KB Chong : you are right. btw, which market ?
makankakiOP KB Chong: US.
ultra976 : welcome to the club. good news go down bad news go up strong fundamentals go down bad contract and deals go up.
Tym Titan ultra976: You may be overlooking the macroeconomic effects on your good stocks. I'm just learning this the hard way.
ultra976 Tym Titan: do share your insight
Tym Titan : For example, even good growth tech stocks are probably going to go down because of interest rate hikes and financials will probably do better because of it.
72MonkeySurvival : learn to take small bites in profit in raising market. buy during fearful dipping market is always a fair buy.