I always raved about all the good things about
the stock market.
And how this is a perfect way for a busy 9
to 5 people can grow his/her money.
So, after being in the stock market for almost 10 months now I’ve learned so many things and here are my lists.
1.
Guru’s online will give you the fuel that there
is money in the stock market but gurus will not reveal that to you for free.
They will give you stock recommendations and some of them are worth the trade
and some of them are not.
2.
Studying for free is possible and you don’t necessarily
have to pay for expensive seminars held by Stock Market Guru.
3.
Anonymous stock recommendation on Social Media
is like telling you to willingly jump off the cliff. So never follow them even
they are so appealing.
4.
You will learn by doing. There is no way that
you will learn something if you do not test out your strategies.
Every action you take
is a
vote for the type of person you wish to become.
– James
Clear
5.
In the beginning, you will make not so good
decisions by trying out your strategies using all your buying power and the result will not be that great.
6.
Do not cut-loss if the company you invested in
is a good company (those are the blue chips I assume).
7.
Test buy doesn’t always have to be the 8k rule especially if your buying power
is not that high.
8.
Learn to test buy using the minimum lot. (I take this advice back. New Post as of Dec 2020 click here)
9.
Free App Investagram and PSE Edge is a trader
best friend!
10. Comments I find are distractions and are with
hidden agenda so do not follow them or think twice when you see them.
11.
If you
cannot make a trade without watching your favourite stock market guru on Youtube,
you will not learn the trade at all.
12. You do not have to learn all the technical
analysis ever invented because after all, they are a representation of the past
price action of the market which is already shown by a basic candlestick. Few of
them is enough like ma20 and ma50 with support and resistance concept, this
setup is helpful but I am still trying this one out so I cannot guarantee the
results yet. But in a nutshell, learning all the technical analysis is exhausting
in my opinion.
13. Free
book that I really appreciate is The Candlestick Bible, I manage to read it for
free on pdfdrive.com. This book is for forex but you can get bits of
information there that you can apply in Philippine Stock Market.
14. You do
not have to be an engineer or doctor or an accountant to be successful in the stock
market and one proof of that is JackAngel my inspiration in the stock market. Whenever
I feel giving up I look her up on Youtube and the inspiration she gives fuels
me up again to try and succeed in this endeavour.
15. Lastly,
just push through. Stopping on trading or anything actually will not make a result.
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