[Recommended order of action for trading beginners]
Trading is important not only for winning, but how not to fail (not lose money) is important in trading. Therefore, I will write the recommended order of action that trading beginners should take. I hope you find it helpful.
① Develop a strategy that suits you.
People have all kinds of personalities. There is an unsuitable investment style. What kind of time frame do you want to trade (date trading, swing, medium to long term). There are people who are good at going forward, and there are also people who are good at going against each other. Also, there are people who place importance on technical analysis, and there are also people who place importance on fundamental analysis. (Of course, there are hybrids who place importance on both.)
Let's construct a strategy that seems to suit you by “buying such stocks (according to your own purchase conditions) here and selling them here (make profit/cut losses).”
② Use the demo trade function
The Moomoo Securities app has a demo trade function. First, let's test out the strategy constructed with ① by actively using demo trading. Also, psychological habituation is necessary for trading. What kind of mental state I am in is also objective...