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DeletedUser397
Guest
When I was in highschool, I'd saved about $5k from working a fastfood job for a few years. I thought I could multiply it with penny stocks, but ended up losing it all instead. My parents/friends were quick to say they told me so, and I vowed never to touch stocks again.
Fast forward 10 years... a few weeks ago I decided to invest $3k into a gold ETF to hedge my savings long-term. But seeing gold fall a bit last month, I was tempted to give trading another shot. Looking back, I realize my first attempt was full of mistakes. Some of which included... using an expensive broker with high commissions, didn't have patience, didn't set any targets/goals, didn't read into financials, traded primarily based on the company's product/service, etc.
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Having read the MFL book, I realize trading shouldn't be my primary wealth vehicle, and it's not. I've got a web app in the works and other stuff too. This is just an experiment for now. In this thread I'll keep track of what stocks I buy/sell, the quantity, prices, what I'm watching, etc. I'm particularly focusing on small and micro caps. Huge risk, which I know well from my own past experience - but, with great risk there is also great profit potential. I think that with due diligence and research I can minimize that risk and generate consistent gains.
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Lastly, keep in mind that my posts in this thread are purely for entertainment purposes only. Although I appreciate any feedback or trading discussion, I'm not trying to encourage any buying/selling activity whatsoever.
Fast forward 10 years... a few weeks ago I decided to invest $3k into a gold ETF to hedge my savings long-term. But seeing gold fall a bit last month, I was tempted to give trading another shot. Looking back, I realize my first attempt was full of mistakes. Some of which included... using an expensive broker with high commissions, didn't have patience, didn't set any targets/goals, didn't read into financials, traded primarily based on the company's product/service, etc.
-----
Having read the MFL book, I realize trading shouldn't be my primary wealth vehicle, and it's not. I've got a web app in the works and other stuff too. This is just an experiment for now. In this thread I'll keep track of what stocks I buy/sell, the quantity, prices, what I'm watching, etc. I'm particularly focusing on small and micro caps. Huge risk, which I know well from my own past experience - but, with great risk there is also great profit potential. I think that with due diligence and research I can minimize that risk and generate consistent gains.
-----
Lastly, keep in mind that my posts in this thread are purely for entertainment purposes only. Although I appreciate any feedback or trading discussion, I'm not trying to encourage any buying/selling activity whatsoever.
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