I am currently a full-time NSF, and I have been investing in about 6-7 months.
I managed to garner an average of 3% a month the past 4 months using several methods of trading.
I started trading about 6 months ago with a small sum to test the waters until I was fully ready to begin my journey in March.
Trading is relatively simple if you just try to minimize your risk as much as possible and just throw that gambler's mindset into the bin.
There are many trading strategies, but these are a few of my favourites.
1. Following Market Trend.
The Market Trend usually indicates when a stock will continually rise. One such indicator I use is the MA20 and MA50 as it continues to move in upward trends. As long as the MA20 and MA50 do not crossover and turn downwards, I would assume it is safe to buy (we must also consider other aspects of the stock). One such stock I managed to buy during a dip in the upward trend is GOOG (Alphabet- A)
protraderx : Good effort. Try 1.5% - 3% a day instead of a month or a year.
HavetoStartSomewhere : Your Disney story and Google story is the same. U bought cross over downtrend lol. But u say following market trend……. You say use Adam Khoo DCF but you know how to really calculate it ?
DouGiee OP HavetoStartSomewhere : Hi, thank you for your comment. I don't think you understood my posts. Google was not on a downward trend as the MA50 did not turn downwards even though it crossed the MA20. Disney was bought on impulse as I was "buying the dip," whereas Google had a slow and constant fall, following a retracement just like the market (S&P500) around April. Hope this clarifies your doubts, cheers.
DouGiee OP protraderx : That would be too extreme for me, hahaha
HavetoStartSomewhere DouGiee OP : You don’t need to defend your post to me. I’m just pointing out what I see . You are not following trend anyway. You buy 1 unit . It’s like a demo account. No feelings win lose . Your 1 month pay also can cover. A 20% gain easily
DouGiee OP HavetoStartSomewhere : Hi, just to be clear, I am an NSF. There is no cover with my pay as I am living off less than 500 a month as i put most of my allowance into investing.
DouGiee OP HavetoStartSomewhere : Thank you for your criticism. I recently started investing, and I will take your opinions into account.
HavetoStartSomewhere DouGiee OP : Like I told you, no need to defend . How much you save not my problem . But ah gong money is fixed . 20% of 500 also 100. So you like playing demo account . Up your account to 10k to 100K and maintain your trade plan we talk again :)
DouGiee OP HavetoStartSomewhere : Hi, just to be clear, my net worth is less than 20k, and I am 20 years old. There is no "demo account," as you assume, as I put most of my savings here. Instead of bidding for T-bills and putting fixed deposits, I buy S&P ETFs and invest in what companies I think would have upside potential.
HavetoStartSomewhere DouGiee OP : You go share your story of a multi bagger stock you bought for 20 and now it become 100 nett. Yes it’s a demo account lol .
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