π¨ Beginner Mistakes to Avoid In the Stock Market π¨
Experience is no doubt the greatest teacher, however, there are some mistakes you want to be aware of as a new investor.
Watch out for the following mistakes and tell us if you have made any of them...
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Experience is no doubt the greatest teacher, however, there are some mistakes you want to be aware of as a new investor.
Watch out for the following mistakes and tell us if you have made any of them...
Thread
1/
Mistake #1 - Not Understanding What You're Buying
A #stock represents part ownership of a listed company. When you own it you should treat it as you would a business that you're now a shareholder. This means you should manage your portfolio as a list of companies you own
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A #stock represents part ownership of a listed company. When you own it you should treat it as you would a business that you're now a shareholder. This means you should manage your portfolio as a list of companies you own
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Mistake #2 - Not Doing Any/Enough Research
Imagine being successful in the Stock Market and not knowing why. Sounds weird? This happens to a lot of new investors who BUY because someone else told them to BUY or they inferred from a post on social media
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Imagine being successful in the Stock Market and not knowing why. Sounds weird? This happens to a lot of new investors who BUY because someone else told them to BUY or they inferred from a post on social media
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Mistake #3 - Stock Prices go in both directions
This may seem obvious but many persons overlook this fact. Seeing the stock you just bought go down can affect you mentally, emotionally and cause you to make rash decisions.
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This may seem obvious but many persons overlook this fact. Seeing the stock you just bought go down can affect you mentally, emotionally and cause you to make rash decisions.
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Mistake #4 - Not Knowing when to BUY, SELL or HOLD
This is possibly the most impactful mistake on this list. Unexpected success can lead to not knowing what to do next. Answering this question can be the key to investment success.
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This is possibly the most impactful mistake on this list. Unexpected success can lead to not knowing what to do next. Answering this question can be the key to investment success.
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Mistake #5 - Unrealistic Expectations
This one is a hard one for most new investors, especially if they jumped into the market expecting 1000% gains within a month like the latest and greatest stock they saw on social media. Temper your expectations to be realistic
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This one is a hard one for most new investors, especially if they jumped into the market expecting 1000% gains within a month like the latest and greatest stock they saw on social media. Temper your expectations to be realistic
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Watch the video explaining further these mistakes and how you can avoid them:
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