Member-only story
What I Wished I Learned Before Investing
Tips Beginner Investors Should Avoid
Recently, newbie investors have been heavily criticized for their recent actions that have driven the stock market during the pandemic.
While making mistakes is a part of the process, traders and investors jump right in the hopes that they can make a quick return.
That may be the case for some, but for others, it can be a gamble to invest in the stock market.
If you’re a beginner using your free time and money to invest in stocks, you’re in the right place.
According to Investopedia, “While traders and investors use two different types of trading transactions, they often are guilty of making the same types of mistakes.”
Using Money You Cannot Afford to Risk
Traders usually have a good plan that details how much risk they can afford and how much they should beginning to trade.
New investors and traders may not have an idea of how much risk is associated or how much they can afford.
Have a detailed plan associated before beginning and stick with that plan. For example, do you plan to invest in your future?