Anybody here have advice for a noob wanting to learn about stock investing? Said noob (aka: me) wants to start investing and is okay taking his time getting educated on the matter. Looking for good books or other resources that you would recommend.
1. Since you said "invest", clip below is worth watching as food for thought to get started. For market returns, a low cost index fund may make sense for you. 2. Don't take what's posted here as investment advice. Most of it are ideas on beating the market by taking more RISK. If u want to set aside some $ for gambling... I find this thread useful for finding new ideas or getting feedback on mine. Just be aware that we are random retail peeps that have our share of trades that don't work out, and apply some commonsense, day trading DATS (a WhatsApp clone with zero revenue that no one heard of a few weeks ago) is obviously higher risk than buying a few shares of Microsoft. Good luck!
Two things. 1. You are going about it the right way learn as much as you can. Write things down as you learn about them over time and keep the notes organized. As you do that go very slowly. 2. The market by most metrics has very high valuations right now. So as you slowly learn... realize that since March of 2020 the market has increased a TON.
Thank you for your advice, good to know of currenthigh levels of valuation! Any resources you recommend for a noob like myself to learn the basics?
up 31% since 1 sep just on shares and short options. the boom hasn't come yet? oh my lord, time to buy calls? haha
Develop a system on Risk Management. Learn the short side. 90% fail for two reasons. They fail because they run out of money before they learn the market. I think reason 2 is that 95% of the market never learns how to short. Shorting is easier in the long run once you learn a system.
Thank you taking the time to reply. I will start by looking into learning how to short. I appreciate your advice!
I think actual earnings are going to blow away even the whisper numbers. Have the stock even priced that in? Perhaps. Not guaranteeing any short term moves, but overall we are primed for a move higher so I’m buying all dips.
Pls be very careful with shorting. Most people never touch it and do fine. Look at the s&p chart since the start, that's the macro trend you will be betting against. For risk management look up Kelly criterion - I don't actually calculate the odds of each bet precisely (it's all guessing anyway), but apply the concept of spreading bets, so you don't get wiped out by a few bad bets.
Thank you for your detailed response. I will look up s&p as well as Kelly. I sincerely appreciate the warning and advice!
