do all this kinda formulas, systems, strategies actually work? i
am thinking of taking up the course cos i heard quite some about
it, both good and bad. i didnt know much and ended up losing more
than 50% of my capital in stocks which is more than 5k.
so i was thinking if i should attend this kinda courses and give
it a try, i know reading the success stories are all psychological
bait, but reading about how someone turned 10k into 6 figure really
tempted me a lot...cause that is the figure i started with. and now
left with only less than half.
If you intend to become a short term trader, yes, some of those
systems and charting techniques can be very useful since they allow
you to track market sentiments, volatility and trend. And its
possible to just trade only a few hours a day and make more than
100% within a month. Im currently trading also, and so far im up
60% from my base capital thanks to short selling
capitaland...lol.
Keep in mind that not all of those systems maybe suitable for
you, the idea is that, after you learn the basics, you can develop
your own system as well.
But if you are a long term investor, you should be selecting
stocks based on fundamental analysis and ignore short term market
gyrations. Its ok to suffer a 50% paper loss on your investments,
treat it as tuition money. Besides, at this age, you can afford
this kind of risk.
If you still feel sore about the paper loss or dont wish to see
futher loss, you can consider buying some put warrants to act as a
hedge for your portfolio.
