My NO.1 trading rule
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ohpohtin
joined discussion · Jun 21, 2021 09:42
Time in the market beats timing the market.
Don’t believe in the conventional ‘buy low , sell high’ trading strategy as no one can beat the market. Always invest in stocks for the long term horizon of 5 to 10 years. I don’t treat the stock market as a casino, but more of a long term investment. Do sufficient research and have conviction in the stocks I chose to buy. For instance, I believe that disruptive innovation is the future so i like $Tesla (TSLA.US)$ , $Lemonade (LMND.US)$ and ARK etfs. Because i can’t time the market, i think dollar cost averaging is the best strategy and i try to use this strategy to the best of my abilities. Be fearful when others are greedy, be greedy when others are fearful. Always set aside sufficient amount of emergency fund and savings to buy the dips.
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