What's the biggest mistake you've made while trading?
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Kamala F
joined discussion · Dec 27, 2021 21:53
How I do long term investing
1) I only invest in companies whose business I understand.
2) I do my due diligence. I study their financial reports. I try to pay attention to industry developments and regulatory changes.
3) I only invest with money I do not need in the short term after setting aside sufficient funds for emergencies.
4) I split my purchases or do DCA. This helps me to avoid timing the market and detach my emotions from the action of investing.
5) Be greedy when others are fearful. A market correction offers the best opportunity to buy undervalued companies.
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macfan28 : How I wish many follow your way rather than betting on exciting volatile stocks that fluctuate wildly up and down without understanding and following the company business details and developments.
Winner01 :
ATS A trade sniper : u mus hav alot moneyy now hohoho
Kamala F OP macfan28 : thank you