![]() Even someone that’s starting out would likely have a huge advantage if they were to start trading the right way, never learning bad habits to begin with, and getting steady income in their account.Īnd if you’re someone that’s struggled in the past with generating a regular income, there’s a simpler way to give yourself a fighting chance to profitably trading the markets. If you’re just starting out trading, and have lots of cash that you don’t mind taking a high risk on, then maybe the high-risk approach of trading on rumors or speculation is ok for you.īut many traders would rather preserve their capital and avoid a gambling mentality when it comes to their hard-earned money. Plus, trading can be very personal, in that each of us has our own goals, needs, capital, risk aversion, and time – both in how much time we can spend trading, as well as how much time we have left before we need to start accessing our growing trading profits. Sure, “The Next “Biggest Pot Stock” makes a great headline, but is it going to get you what you need in your portfolio right now? Bob in Accounting may be bragging about buying TSLA long ago, but does that mean it’s time to buy TSLA today? Even for genuine well-intended recommendations, it’s hard to know whether buying now is still a good deal. ![]() The problem with all of these sources of information is, are they accurate? And even more importantly, are they appropriate for your own investment needs? If you’ve been trading for any length of time, you’re probably getting enough email recommendations in your inbox offering trading ideas that sound at least a little interesting. ![]() Where do you get your tips for your next stock purchase? Perhaps you hear trading tips from friends at work. ![]()
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