As an avid investor that just started using tiger brokers to trade a few months ago in the uncertainty financial year 2021, there are certainly a few things I have learnt.
Firstly, there is no such thing as losing or winning in investing. There is only gaining EXPERIENCE and LEARNING or gaining capital. While newcomers to trading without relevant experience might feel disheartened when their initial investment don't go well, I strongly encourage new investors to LEARN in the process and not fall into the trap of short term gains.
Secondly, managing risks is extremely important. While some people might be greedy for short term gains, managing risks is extremely important. Portfolio must be divided based on your personal risk appetite and there is no 'one size fits all' when it comes to investing. Some people might be more financially stable and have a bigger risk appetite,(going for extremely volatile stocks or even cryptocurrencies like $BTC) while some people might go for relatively safe ETFs or less volatile stocks.
Lastly, stay close to your fundamentals. As long as the economic/financial climate does not change. Your fundamentals should never change. As you may be disheartened by the initial decrease in stock price, please remember why you even started investing in this stock in the first place. Do you believe in the future of this company? or do you simply just buy because it is a meme stock? If you believe in the future and the direction in which the company is heading, you should stick close to your investing fundamentals and stay firm. As Warren Buffett once said and i quote“All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.”
Stay safe and keep investing, my friends.
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