You just learn stocks, don't make the same mistakes

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You just learn stocks, don't make the same mistakes

    Ok, I would like to talk about the subject of this video, the world of stock investing. This time, we have created content specifically for those who are just beginning to enter the world of stock investment. So, if you are new to securities investment, new to capital markets trading, or still confused by many unfamiliar terms in the world of stocks, you may be overwhelmed by the many securities codes in Asia. Hmm.

    Well, this video discussion is perfect for you. Now, I would like to start the discussion by explaining the pattern that beginners typically follow in the world of stock investing.

    Well, when newbies are just starting out in stock trading, they usually still have some anxiety. Yes, of course it's normal to still be scared now that you realize you can make money and lose money in minutes.

    Just one click on your mobile phone or laptop. Therefore, in the early stages, beginners are still mostly confused. How to choose the right stocks and how quickly the price will rise to make a profit? Most beginners try to find recommendations.

    Some get daily stock recommendations from seniors, from stockbrokers, or by joining paid groups. . Either because the company is already well known, because its products can be seen everywhere, or because the company's products simply appeal to him.

    Over time, many novice investors became frustrated because they were confused by the dynamics of rising and falling prices in the stock market. Some companies even went bankrupt because they were overconfident in their decisions.

    While it is true that investment decisions are each other's responsibility, there are also quite a few people who criticize the market and other people's recommendations. Well, I've been investing in stocks for a few years now, and I often find that pattern in my friends who are just starting out. They don't realize that they are just walking around. Knowledge is really unreliable.

    That's right, their time is spent looking for recommendations from other people's analyzes, trading without a trading plan or measurable risk management. That's why there are actually many people who have started investing in stocks, but only a handful of people have survived in the world of capital markets. Most people give up along the way.

    So what steps should you take if you're new to the world of stocks? This mindset is the realization that at this stage you should be spending your time and energy studying, not making money.

    I emphasize again that in this early stage you need to engage in learning. don't think about it. I want to start earning money right away. This is a setting that I think is very important for beginners. So what are you learning? Learn to find our own trading style. So what do you think of this trading style? The answer is a trial and error process of putting together a trading plan that fits your risk profile.

    By now, many of you have probably wondered what exactly is a trading plan? A trading plan, in my opinion, is to formulate these five questions. Which stocks do you want to buy first? Second, why do you want to buy stocks? Third, at what price level would you buy the stock? Fourth, at what price point would you aim to sell the stock for profit? Fifth and this is the last and most important question.

    If my analysis turns out to be wrong and the stock actually goes down, at what price level would you cut your losses or sell at a loss? Here are 5 questions you need to answer. And each investor and trader has their own trading plan according to their specific timeframe and risk profile.There is a trading plan based on technical approaches within the weekly timeframe.

    Some are based on a basic annualized approach. Some want to see momentum from related industries. Some look at market sentiment based on global economic conditions, others. Basically, a novice investor or trader's main homework is to find their own trading style based on continuous trial and error. So in the learning process, the so-called trial and error process, it is better to start with a small amount of capital. So even if you lose, think of it as a learning curve, and even if you win, think of it as a bonus. Don't try to grow your capital too quickly just because you feel you've mastered this learning process well enough. So far, you may be wondering how long this learning phase will last. When can you trade with big capital and look for profit? In my personal opinion, the benchmark for anyone willing to invest in stocks with big capital is to find their own style and develop their own trading plan. When you already have enough discipline to perform.

    Well, so far I have to underline this part of the field. Because in order to achieve good discipline, everyone must train his mind continuously and gradually. It may seem like a trivial thing, but it is actually the most difficult and the most time consuming part of the learning process, as you execute your trading plan in a disciplined way.

    Later on, you still a beginner will feel it yourself, you made your own trading plan, but we are influenced by other people's news and conversations, so our own Even the analysis doubts.As market dynamics rise and fall, our mindset of confident doubters, too-greedy-doubts, fear-yet-greedy-all will take a hit. However, over time, your mindset will become better trained as you learn the patterns of the capital markets world and become accustomed to being trained step by step. . Ultimately, by continuing to execute our trading plan in a disciplined manner, our goal is no longer to find ways to keep making profits, but to align with our trading plan so that our assets can continue to grow. It's about finding a way.

    Remember, your goal is a growing asset, not a way to make money. That's why some people say the world of stock investing is like a sport like a marathon. It's a long journey and requires a lot of endurance. Unfortunately, there are still a lot of impatient novice traders and investors who see the world of stock investing as a sprint that can be a shortcut to getting rich quick. So, I hope this video is helpful, especially for traders and investors who are just beginning to enter the world of stock investing. Well, that's today's chat. If you want to keep chatting about the world of stock investing, leave us a comment in the comments section. I will try my best to answer. Say Goodbye First Of course, see you on other interesting topics in our Talking About Money articles. Money never ends!

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