beginners advice, page-24

  1. 3,312 Posts.
    lightbulb Created with Sketch. 39
    if you truely have 1.5k DISPOSABLE a week. Then I wouldnt bother paper trading. Worst case scenario you lose all your dough, learn some valueable lessons and it will only take you 6 weeks to regain your entire capital base.

    With a 10K portfolio what I would do is only jump half in on any stock.

    Start with 5k invested 5k on the sidelines. Watch what happens to that 5k. If a company goes up, Why? Should you add more to your position or sell? Why?

    If it goes down again, why? Is it a time to buy or sell and what made you come to that conclusion?

    That way you have 2.5 weeks of money on the market so you will feel the emotion but you wont be wiped out if it turns pear shape.

    Realistically if you are making 1.5k disposable income a week, your real investing will start in 1 years time when you are investing 50/60k. Whatever happens with this 10k today is purely a learning experience.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.