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demoniaco

6,340 Posts.

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16/01/17

12:22

Post #: 21919034
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Originally posted by sinz ↑

Hi Roby, about 6 months ago I was very new to trading (still am) finishing my 3rd year of economics & finance. It really depends on your personal situation, I was very happy to lose what small capital I had in order to learn. I "lost" about $1k learning, although I consider this a small price compared to what some have lost and will prevent me from making more costly mistakes in the future. Write down your ideas and try not to invest in stocks that you don't fully understand. The biggest mistake I've made is buying a hyped stock, knowing very little about it and hoping some imminent news would bag overnight.... Silly me. Its very easy to get caught up with it all and want to jump onboard when people are saying your money will double overnight. Try learn a thing or two about the industry before you start using your money, follow some hotcopper users/threads and look at stocks that have gone up and down, and why this has happened. I use Hotcopper to help find stocks that I like, then do my own research, read announcements, read other peoples research and compare to what I think etc. Remember we all started somewhere guys...

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Lost only 1k from learning? Christ.
At one stage I lost about 30k... All from 'learning'.

Must be a prodigy

Last edited by demoniaco: 16/01/17
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