Do you know how hard it is to pick market-beating stocks?
A stat shows that
only 22% of the stocks in the $S&P 500 Index (.SPX.US)$ outperformed the index itself from 2000 to 2020.Over that measurement period, the S&P 500
gained 322% while the median stock rose by just
63%.
And this year, the ongoing blood-letting in the stock market may make it even harder to catch up with market trends. So will it be an easy job to find stocks that can outperform the index?
Will you keep picking your own stocks this year? It wouldn't necessarily mean you can't beat the index. Just saying maybe index funds are also options worth considering.
Nassim Nicholas Taleb, the author of Antifragile, The Black Swan, and Fooled by Randomness, has once said:
“If you can't beat them, join them."
If you find it hard to beat the market, maybe it isn't too late to join it and earn the average revenue.
Sianzsation : I trust myself to be wrong.
JohnthehAndsome Sianzsation :
PandaMoo : Climbing the mountain alone will be put much load on your arms and legs (may cost you arms & legs too)
Climbing together, using avatars (those traders that are more expert than us) to climb it for you gives you more chance, as I believe those avatars are having the same goals - to reach higher level.
Nilla_wafer89 : it's as simple as waiting for a high or low on a day that's unsustainable, putting your money in the 3x etf for the index to go the opposite way, putting a stop loss and selling out when resistance is met. easy 1-10% in a single day with no risk. Don't be greedy, wait for the technical side to be in your favor, and only do this no more than 3 times every 5 days so you don't get a pattern day trader flag. Open more than one account if you have a problem with the PDT rules.
Shappa65 : lol I've really just gotten started with the Academy lessons, but I have no idea what the difference is at this time!!! like, what are index funds, and what risk is involved? I might do 1%-20% of my portfolio...
JohnthehAndsome Shappa65 : Sounds rational