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Here's a little lesson from me 
From when I was a true n00b!!
But I see people making the same MISTAKES
[THREAD
]
From when I was a true n00b!!
But I see people making the same MISTAKES
[THREAD
]
MISTAKE 1
When I first started out as a little investing piglet I thought I could beat the market
I thought it was pretty easy
When I first started out as a little investing piglet I thought I could beat the market
I thought it was pretty easy
I'd watch the news, watch the daily share prices a bit and read things like this: https://www.proactiveinvestors.co.uk/companies/news/930441/smith--nephew-posts-quarterly-revenue-recovery-930441.html
Then I would go and look at the share price.
£SN opening price 01/10/20 = £15.20
£SN price 01/10/20 @ 0900 = £15.515 (2.07% increase)
MISTAKE 2
Gonna get me a piece of that action
(so I thought.......)
£SN opening price 01/10/20 = £15.20
£SN price 01/10/20 @ 0900 = £15.515 (2.07% increase)
MISTAKE 2
Gonna get me a piece of that action
(so I thought.......)
So I would buy in @ £15.515.
MISTAKE 3
Then I would sit and watch the price about 6 times in the day
MISTAKE 3
Then I would sit and watch the price about 6 times in the day
MISTAKE 4
Watching the prices day 2 they have dropped
£SN price 02/11/20 @ 1100 = £15.03 (3.13% decline from my buy rate)
MISTAKE 5
I would get frustrated and sell making a loss from the decline and a loss on the bid-offer spread
Watching the prices day 2 they have dropped
£SN price 02/11/20 @ 1100 = £15.03 (3.13% decline from my buy rate)
MISTAKE 5
I would get frustrated and sell making a loss from the decline and a loss on the bid-offer spread
I probably lost around 5% of my overall portfolio value trying to predict what prices would do based on news reports and trading announcements.
MISTAKE 6 (bonus error)
I tried chasing my losses here
MISTAKE 6 (bonus error)
I tried chasing my losses here
DONT GET CONFUSED!!! 
Share Trading is fine but IT IS NOT DONE LIKE THIS
I am not knocking share trading BUT if you want to make money from Share Trading, read up on it, learn it and try it on a test account (Trading 212 offer these - http://trading212.com/invite/Gbast0Ny )
Share Trading is fine but IT IS NOT DONE LIKE THIS
I am not knocking share trading BUT if you want to make money from Share Trading, read up on it, learn it and try it on a test account (Trading 212 offer these - http://trading212.com/invite/Gbast0Ny )
Lessons here
Dont try and second guess markets
Dont buy on the increases WITHOUT proper research
Do your own research on investments
Learn how to analyse stocks in a way you feel happy with
DECIDE YOUR OWN STRATEGY AND STICK TO IT
Ideal job for a Saturday...
Dont try and second guess marketsDont buy on the increases WITHOUT proper researchDo your own research on investmentsLearn how to analyse stocks in a way you feel happy withDECIDE YOUR OWN STRATEGY AND STICK TO ITIdeal job for a Saturday...
