The stock market is not hard to understand. Stop listening to the noises telling you that it’s too complicated to be comprehended by a simple-minded person. If a 10-year old kid can invest well, it’s also possible for you. If you really want to get a good grasp of the stock market, you have to exert extra effort learning and studying the basic information about it. You can’t just read a book overnight and expect that you will do great the next day. The process would take time especially if you’re just starting. Patience is the key and if you don’t have that, you can’t do well in stocks. So here are my tips to become a good trader/investor.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.
The secret to getting ahead of other investors is to be keen on learning new things everyday. Your everyday life as a trader or investor is not always the same. There are new and recurring situations that you need to face and from them, you will surely learn new tactics, new solutions, and new ideas you can use in your trading and investing journey. You must never reject the opportunities to learn because there will come a time that you need to improvise your trading plans. You will become a good trader if you are always willing to learn.
Second-quarter financial performances are out! Now is the time for you to study the companies you are investing in! One of the best ways to become a good trader or investor is to know your company. Know their worth, how they do business, the industry they are in, the competition they need to face, and what they do to keep on earning. The financial statements and press releases are effective tools you can use to see if your companies are really performing well. All those numbers reflected in the reports can help you figure out your next move. It’s also helpful to read articles and news about their plans in the next quarter or years.
A good trader or investor learn from experience. Don’t aim to grow your money alone. You must grow as an investor as well. Use your experience to add value to yourself because, at the end of this game, your knowledge and value will matter more than your money. It’s important that you are learning how to make yourself more worthy so to build your confidence while in the process of earning. Don’t just focus on money. Focus on other things too like listing your goals in life and updating your retirement plan. All these essential things will help you move forward each time you experience a fall in the stock market.