JW Novice
voted
There're two kinds of earthquakes. The first one is shaking up and down, and the second one is side to side. The up and down earthquake usually causes more significant damage to one's property. And the same goes for the stock market; up-down shakes cause money loss. The big shake did happen in the market on Wednesday.
Major averages fell more than 1% on Wednesday after a morning rally faded. After having advanced as much as 1.9% by late morning, the $S&P 500 Index (.SPX.US)$ gave up all its gains in the afternoon along with the $Dow Jones Industrial Average (.DJI.US)$ and $Nasdaq Composite Index (.IXIC.US)$ , which fell the most on the day. All three indexes breached key technical levels during the session.
Good luck to all the mooers, and hope you won't get hurt.
Major averages fell more than 1% on Wednesday after a morning rally faded. After having advanced as much as 1.9% by late morning, the $S&P 500 Index (.SPX.US)$ gave up all its gains in the afternoon along with the $Dow Jones Industrial Average (.DJI.US)$ and $Nasdaq Composite Index (.IXIC.US)$ , which fell the most on the day. All three indexes breached key technical levels during the session.
Good luck to all the mooers, and hope you won't get hurt.
100
7
JW Novice
commented on
$Sono Group (SEV.US)$ The brothers are entering the arena!
Translated
2
3
JW Novice
reacted to and commented on
There are many different types of traders: Day traders, Swing traders, Long term traders, etc.. Each trader type has different strategies that work for them. I am going to discuss good trading habits generally...
You can read many books, articles, etc. for building good trading habits. Many people will provide how you should go about trading and their experience (failure or success). The key is, this works nicely for them. They know the inner workings of their strategy. But if you try to replicate for yourself it may not work for you. So what do you do? Find someone else to follow, scramble, give up?
Well you may not have to give up, because that is the last thing you want to do. You need to prove to yourself that you can do this. Here are some tips that can help, hopefully:
1. Create a plan
2. Do your due diligence (research, articles, news, etc.)
3. Trade with a positive attitude
4. Don't act impulsively or react
5. Use stop-loss to limit from losing trades
6. Learn from your losses
7. Don't be greedy and take profits
From what I understand and this is what I have put in play in my account is to keep investing in small amounts (known as power of compound interest). Right now you will not see much return, but let's say 10 years from now it will grow dramatically. Then if you look back 10 years, you will realize the power of compound interest. To get successful in this part, you have to invest in well known & successful stocks like $Apple (AAPL.US)$, $Amazon (AMZN.US)$, $Microsoft (MSFT.US)$, $Alphabet-A (GOOGL.US)$, $Netflix (NFLX.US)$, $Coca-Cola (KO.US)$, etc.. You don't need to buy full shares nowadays as many brokers allow you to purchase slices (which is a piece of a share). Now if you purchase in this manner automatically, eventually this will start growing fast. In addition, if stocks pay dividends, then you should reinvest in purchasing a piece of stock rather than cashing it out. This also helps as part of compounding interest.
The one note to keep in mind is not to be discouraged if you have a bad hour, day, week, or month. Keep investing as each day is different. Everyone has a strategy and that works for them. You should review their idea and see if it works for you. If it does not, you will have to make adjustments so that it works for you. Do some more due diligence (research, articles, news, etc.). Try to figure out what went wrong in your execution. Try again by making the required changes. If it does not work again, keep trying by making changes until it works for you. You will see that things will change and you will be successful. But you need to keep trying and not get discouraged on the first, second, third, etc. failure.
Okay, so I don't want to bore anyone out. In a short summary, the best way to build good trading habits is to do research on your investment, pick a strategy that works for you, execute it, and try to use the compounding interest method. This works well in my case as a conservative investor. I highly think that everyone can benefit from this strategy. DO NOT try to copy someone else's idea as that works for them. You need to get insight about it and try it on your own. This is what will make you successful. Practice makes perfect, which is the words you may have heard in the past. This is absolutely true. Hope this helps you out.
Please feel free to leave any comments or suggestions you may have regarding this subject. I am also more than happy to help anyone who might want to speak more about this subject or need any help.
Wishing you great success in your investments.
You can read many books, articles, etc. for building good trading habits. Many people will provide how you should go about trading and their experience (failure or success). The key is, this works nicely for them. They know the inner workings of their strategy. But if you try to replicate for yourself it may not work for you. So what do you do? Find someone else to follow, scramble, give up?
Well you may not have to give up, because that is the last thing you want to do. You need to prove to yourself that you can do this. Here are some tips that can help, hopefully:
1. Create a plan
2. Do your due diligence (research, articles, news, etc.)
3. Trade with a positive attitude
4. Don't act impulsively or react
5. Use stop-loss to limit from losing trades
6. Learn from your losses
7. Don't be greedy and take profits
From what I understand and this is what I have put in play in my account is to keep investing in small amounts (known as power of compound interest). Right now you will not see much return, but let's say 10 years from now it will grow dramatically. Then if you look back 10 years, you will realize the power of compound interest. To get successful in this part, you have to invest in well known & successful stocks like $Apple (AAPL.US)$, $Amazon (AMZN.US)$, $Microsoft (MSFT.US)$, $Alphabet-A (GOOGL.US)$, $Netflix (NFLX.US)$, $Coca-Cola (KO.US)$, etc.. You don't need to buy full shares nowadays as many brokers allow you to purchase slices (which is a piece of a share). Now if you purchase in this manner automatically, eventually this will start growing fast. In addition, if stocks pay dividends, then you should reinvest in purchasing a piece of stock rather than cashing it out. This also helps as part of compounding interest.
The one note to keep in mind is not to be discouraged if you have a bad hour, day, week, or month. Keep investing as each day is different. Everyone has a strategy and that works for them. You should review their idea and see if it works for you. If it does not, you will have to make adjustments so that it works for you. Do some more due diligence (research, articles, news, etc.). Try to figure out what went wrong in your execution. Try again by making the required changes. If it does not work again, keep trying by making changes until it works for you. You will see that things will change and you will be successful. But you need to keep trying and not get discouraged on the first, second, third, etc. failure.
Okay, so I don't want to bore anyone out. In a short summary, the best way to build good trading habits is to do research on your investment, pick a strategy that works for you, execute it, and try to use the compounding interest method. This works well in my case as a conservative investor. I highly think that everyone can benefit from this strategy. DO NOT try to copy someone else's idea as that works for them. You need to get insight about it and try it on your own. This is what will make you successful. Practice makes perfect, which is the words you may have heard in the past. This is absolutely true. Hope this helps you out.
Please feel free to leave any comments or suggestions you may have regarding this subject. I am also more than happy to help anyone who might want to speak more about this subject or need any help.
Wishing you great success in your investments.
39
4
JW Novice
commented on
$Sono Group (SEV.US)$ I want to know if the people who bought in at 50 are still here.
Translated
2
12
JW Novice
commented on
2
5
JW Novice
liked and commented on
$Sono Group (SEV.US)$ seems like there are quite a few big orders coming in, but nobody wants to sell low. So these big orders slowly increased their price hahaah👍🏻👍🏻
5
9
JW Novice
liked and commented on
Have been getting burned too many times buying short term (4 or 6 month) single company call spreads. Looking to switch to SPY call spreads. For those of you doing this, what spread width and duration do you find most successful?
The appeal to me of SPY call LEAPs is much better gains compared with buying SPY shares, while still having enough time in the market in case of downturn (though there’s no guarantee of course that the market won’t be down for 1-2 consecutive years).
Looking at buying SPY $470 call/selling $520 call with 12/2023 expiry.
Thank you in advance.
$SPDR S&P 500 ETF (SPY.US)$ $Ribbit Leap (LEAP.US)$
The appeal to me of SPY call LEAPs is much better gains compared with buying SPY shares, while still having enough time in the market in case of downturn (though there’s no guarantee of course that the market won’t be down for 1-2 consecutive years).
Looking at buying SPY $470 call/selling $520 call with 12/2023 expiry.
Thank you in advance.
$SPDR S&P 500 ETF (SPY.US)$ $Ribbit Leap (LEAP.US)$
4
1
JW Novice
commented on