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Showing posts from October, 2017

Australia: My Experience With The Stock Market - Part 4

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Aside from stonks, I was also researching about ETFs (exchange traded funds). It's like mutual funds but no. Then I came across spaceship voyager  then raiz .  If you want to know more about the two, you can refer to this  article . Below is a summary: 📌Make sure you understand the product and the risks involved before investing.  Source: finder.com.au Update: I opened an account with Raiz and will do a review after a few months 😊 . If you want to get started, maybe you can use my referral link here  to have  $5 for me, $5 for you! Thanks!   

Market Wiz(ar)dom

Source: The New Market Wizards by Jack D Schwager Jack D. Schwager, after interviewing great traders, summarized his observations regarding success in trading as follows: 1. First Things First - be sure whether you really want to trade or not. 2. Examine Your Motives - examine your motives very carefully for any conflicts. The market is a stem master. You need to do almost everything right to win. If parts of you are pulling in opposite directions, the game is lost before you start. 3. Match The Trading Method To Your Personality - the approach you use must be right for you; it must feel comfortable. 4. It is Absolutely Necessary To Have An Edge - if you don't have an edge, all that money management and discipline will do for you is to guarantee that you will bleed to death. 5. Derive a Method - to have an edge, you must have a method. 6. Developing a Method is Hard Work - developing your own approach requires research, observation and thought. Remember that yo