I recently discovered The Trade Risk. Their weekend stock market recap comments on technical aspects of charts to evaluate the general market and industry sectors. Continue reading “Scouring for Leading Stocks”
Oh, the title is cheesy. I know. Almost a reason not to buy the book.
Around the time I was slowly getting into stock trading a friend asked me why I don’t consider property development instead. She’s had some experience with it and found it rewarding.
But property is boring, working with builders is frustrating and dealing with tenants is tedious! Right?
I mentioned recently that I have finally started trading Bitcoin. There are two great aspects about this new endeavour:
- Trading is free.
- Bitcoin’s price rise compensates for my losses.
Thus, for me Bitcoin trading is essentially a safer playground compared to my stock trading account; a bit like a soft play park for toddlers.
I first got interested in bitcoin in early 2016. Back then it was trading at $350 to $450 per bitcoin. This month it broke above $5500! I am in pain! – Why? Because I listened to the voice of caution and never got involved back then. I only acquired a minute fraction of a bitcoin this week.
Due to two disappointing trades recently I started thinking more about exits and returns. Are 3% or 4% a good return per trade? Should I aim higher, risk having to stay in a trade for longer and potentially suffer through a temporary downturn or eventual loss? What is the effect of trading fees on my returns?
Something weird happened today. When I started trading with real money less than three months ago, I took out four really stupid trades. I mean, unbelievably stupid. Today I finally closed two of them out.