I began my investing journey in July 2024 with minimal knowledge of trading and market dynamics. While I understood the basics of buying low and selling high for profit, I quickly learned that successful trading also involves covering transaction fees. Before exploring the different types of buy and sell orders, I’d like to highlight a few key lessons I’ve learned:
1. identifying the right stocks and ETFs (so that money is invested in stocks/E...
1. identifying the right stocks and ETFs (so that money is invested in stocks/E...
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I have long term investment strategy and have identified top performing ETFs as slow and stable gain option. I am now realising it is better to diversify. Hence, I have invested in Aus and US market. While AU ETF have provided me with decent return this month, I am still in loss in US market, yet profitable overall. I also think using paper trading account and only investing amount that you are likely to invest in reality provides the best way to test your investment...
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Nerdy OP GoldStar56 : Hi there, I am thinking of sharing more details on my learning on building portfolio. Here are the stocks that have performed well for me. Those with higher returns are higher risk trades I took keeping time frame of about few hours to week whereas other investments are targeted for low risk sustainable returns in the long term about 1-5 year time frame.
Nerdy OP Moomoo AU : Thank you. and thanks to @Invest With Cici , who encouraged me to write and share this.
Nerdy OP 72428084 : Cheers. I'm glad that it was helpful.
Nerdy OP 105524367 : That's great. Best wishes to you
Nerdy OP Griffo_au : Thank you. The exit strategy depends on each stock and market sentiments and events . for long term investments I book profit after stock value has increased 20-25%. For short term trades, I target to achieve profit that covers for at least transaction costs.
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