"Desperate times call for desperate measures" best describes 2023

Here's what I have discovered throughout the year. Hopefully this post could bring help to your investment journey.

First thing you have to do before you start trading is to completely understand your trade intentions, is this going to be a "hit and run" strategy, or is it going to be a mid to longer term value investing trade? Always try to stick to your plan.

My strategy with my short term investment:

1. Only trade 2 stocks at a time. Holding too many positions at the same time would cause you to make silly mistakes. A slight movement in multiple stocks might affect your rational thinking and eventually leading into an emotional state to decide your trades. Remember the first rule? Always stick to your plan. Of course, 2 stocks might be my limit but never yours, some people can trade up to 5 stocks at a time or even more, but what's most important is that you find your own tempo and stick to your plan.

2. Similar trading amount. NEVER go all-in in a single stock unless you really have the confidence and truly understand your risk and reward ratio or else it is when you are about to fall hardly. Trust me, I have been through there Try to keep your trading amount the same so that when you profit, your arrogance won't take over because all the trades you perform have similar profits. And when you suffer a loss, it will still be a risk you can bear and it won't affect your decisions on later trades.

3. I keep my monitor list with stocks within the same price range. Some might argue, "Return doesn't depend on the stock price, as long as it is a good stock, it will bring profit". Yes I understand the theory, but is it relatively easier for a $1 stock to gain 20% than a $100 stock? The chances of lower price range stocks to gain more profit in a shorter period is greater. What about stocks below $1? The fees are higher for those stocks, just make sure you take into consideration when you trade and you are good to go.

My intention on my paperfolio trading was very clear, short term investing. Most of my trades were performed intraday and only some were traded for a few days but not longer than a week time. I started this paperfolio trading on 29th of November not knowing that Dow Jones was gonna break its all time high and eventually sent the market into another strong bullish signal, so what came in my mind when I started my first trade was to keep my profits safe, take profit as soon as I am satisfied. To be honest, I never expected my return to be this good but anyhow cheers to the Dow Jones all time high I suppose?

There are always more than one answer to a question. When you fall, figure it out and seek for answers. Even if your answer is completely different from others, don't doubt yourself, take others opinions as a reference and build your own path to success. Practice makes perfect

All the best to all gentle investors