Mistakes as a Beginner Trader
hi everyone my name is Stephanie Brown and I am very new at trading and I believe the biggest mistake that I made was thinking that investing money and trading was going to give me an instant turnover for funds. I didn't quite understand what it really meant to invest in stocks and what I get from it right now as a beginner is that it takes patience, some work, time and effort and it even takes tenacity. The biggest thing that I think it takes is knowledge and commitments.
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Gordon Gekko 1 : If you’re new buy solid companies and just hold them. Watch them grow, don’t speculate. Stick with Dow Stocks to start. Create a balance portfolio. Fidelity also have some great performing funds.
71466420 OP : Thank you so much!
71466420 OP Gordon Gekko 1 : Thank you so much!
71466420 OP 71466420 OP : What do you mean by solid companies?
Gordon Gekko 1 71466420 : Look for companies that aren’t volatile. I think $Apple (AAPL.US)$ is one to own, others to buy and hold $FedEx (FDX.US)$ $Exxon Mobil (XOM.US)$ $Target (TGT.US)$ $JPMorgan (JPM.US)$ $NVIDIA (NVDA.US)$ $Lockheed Martin (LMT.US)$ just to name a few.
If you have extra cash and want to take a shot at the reopening plays, which may be a little more volatile due to the pandemic, but could do well once it’s over are $Southwest Airlines (LUV.US)$ $American Airlines (AAL.US)$ $Uber Technologies (UBER.US)$ and I like $Red Robin (RRGB.US)$ $Bloomin Brands (BLMN.US)$, also $Carnival (CCL.US)$ $Norwegian Cruise (NCLH.US)$ all are close to 52 week lows.