Do i really need to share this? Ok, ok fir the purpose of documenting my stock investing / trading history, I'll include this one. I can say that there was a good and bad side of this story.
Due to some disappointments with the market, i bumped one time in a forum wherein this "experienced" trader will be conducting seminar and also offer stock advisories. To make it short, i attended the trading seminar, learned how momentum trading, what causes the stock to rise and some other things about stock trading. I've learned something of course... But since i was very new to stock market and experienced my first losses, i tried to be a paid subscriber. What happened, i blindly buy the stock he recommended. Without any technical /fundamental knowledge, i've added additional losses to my portfolio. Thank god he never stopped guiding me, i gained from PWR, LC and MA. These stock brought back some of my previous losses and my capital got back to where it was.
This time i started to record how much money i have put in the stock market and compare it with my portfolio. That way i have a record wherein i can say if i am in trouble or not. I usually add funds to my portfolio every payday and if i have extra money from sideline jobs. I also realised that i will not survive in this business if i will just rely on advisories and buying blindly. I've seen sharks in the market, it doesn't even give you warning that they will sell which cause me to panic and cut losses. I MUST LEARN AND TRAIN LIKE A SOLDIER for me to survive!
So I decided to put my money first to BDO, SMPH and PGOLD while i focus most of my time learning. I also did not renew my paid subscription but applied for the free version. This time, i just use the info as another source of rumor. Because rumor is one of the reasons why stock price rises.
No comments:
Post a Comment