In able to accumulate wealth you need to find a way to make your own money work for you.
This is often I see on social media.
By the way, social media is my ultimate pastime. It’s a bad thing I know considering my goal to financially free. I guess moderation is the key, I now use social media more to find inspiration and a little less for entertainment.
One of the ways for your money to work for you as seen a lot on social media is to invest it on the stock market.
I am kind of hesitant for sure. I am never the type of person to grab on to the opportunity quickly.
Investing in the Stock Market is a totally new concept and I am a bit afraid of the possible risk.
The reward, however, is really promising and this might be the answer to my question “money works for you”.
Gathering Information About the Stock Market
There’s got to be an article out there to give information if the stock market is a good way to accumulate money or not.
A lot of article I read about says it’s not that easy.
Like for example, Investing Engineer. I am more overwhelmed with the analysis Investing Engineer does to certain stocks. The jargons are all overwhelming.
They say in able to succeed in the stock market one needs to study how to trade.
And I was like, I need to study again? (it felt like I needed another degree because the Investing Engineer is an intelligent person and I am no way near his knowledge)
Or the easy way is to enrol to Truly Rich Club as suggested by Inventing Engineer, in this way you will have access to information which tells you which stocks are a buy or not.
That sounds really promising but the Truly Rich Club has a yearly subscription of around 4-5000 if I am not mistaken. That’s a huge amount of money if you will ask me.
In conclusion by around this time I didn’t try out investing in the stock market.
This information has me waited to more than a year to finally try out the stock market.
My Ultimate Inspiration In the Stock Market
I do not remember how I came across to Facebook trading groups but this group has somehow made me search thru Youtube videos on how to trade.
That is the time I came across Jack Angel.
Crushing all my Excuses
This specific Youtube post has me convinced right away to invest in the stock market.
And JackAngel defies all my excuses to invest in the Stock Market.
I don’t have to be a highly intellectual like for example an engineer or lets say accountant in able to learn and be profitable in the stock market.
The best thing is, I can learn for free.
Yes for free. The same way Jack Angel learns is thru Youtube. From generous gurus who will teach you all the technical analysis and how to apply it on the stock.
I wrote a separate blog about this click here if you want to know which Youtube channel Jack Angel and I watch in able to learn the basic technical analysis.
Positive Mindset about the Stock Market
As of the moment I am now almost 4 months in the PSE Philippine Stock Market.
Not all of my trades are successful.
For the record, I have 2 wins, 1 big time loss and 1 small loss.
But this big time loss of mine hasn’t stopped me to trade.
What it does is it forced me to do my due diligence to study.
Digging into the study materials recommended by Jack Angel (by the way there are a lot of gurus in the youtube world on how to trade the PSE I just prefer Jack Angels’ recommendation because it is easier for me to understand. Or you can buy books by the way).
Quotes
So far I now understand these quotes:
Protect your capital
Plan Your Trade Trade Your Plan
Buy Low Sell High
Don’t Ask or Follow any Stock Recommendations
Planning my Trade
Because of my big-time loss, I am now planning really hard before entering the stock market.
Loss can really be a big stress factor for me to use my brain and not to lose money.
Final Thoughts
I am so thankful to find inspiration in the stock market. Jack Angel is like my hero in trading.
Upon reading Rich Dad Poor Dads book, he said that find a hero that makes, let us say for this sample trading the stock market, find a hero that makes trading looks easy.
Jack Angel has shown me that and I am positive that in the future I will somehow find success in this endeavour.
That is it for now.
No comments:
Post a Comment
Would love to hear and interact with my readers.