21

Due to working from home I decided a few months back to invest the money I save instead of keeping it all in my bank account.

About 10-20% of it goes to a long term investing account and the rest into the one I manage actively.

The nice thing about homeoffice is that I can have a lunch break an hour later when the market opens and review my shit, then again checking up on it in the late evening before the market closed here.

Have been playing around with trading for years but never did it with patience and discipline.

After 3 months I managed to reach over 16% profit.
My account is small so it’s not a lot of money but I’m focusing on the % rather than the $ at the moment. It’s a start..

Anyway, thought I’ll share my progress with you guys as some of you probably invest as well..

Im exclusively swing trading, so holding my positions between 1-14 days with no leverage.

๐Ÿ˜ฌ

Comments
  • 2
    Nice! I really want to do this one day. I've bought a few books on amazon on fixed income investing (since it's the safest form of investment) but never actually invested anything. Honestly idk what I'm waiting for, I think I'm a bit scared.

    Do you have any learning resources to recommend? How did you learn to pick stocks?

    I'm very interested in this, but since it's actual money I want to understand the game before putting my chips on the table.
  • 2
    My man! Congrats!
  • 2
    I applied to work at NextEra!

    I also have been investing. This Monday, my 1Y profits hit 100%. I just doubled my money in a year. Pretty happy about that.
  • 2
    Great job! Now rent some nice cars, put them on IG, and start a YouTube channel as a Trading Guru
  • 1
    @neeno I’ve been reading and watching stuff for years..
    the only thing that helped me personally was playing around.

    Just get an account at a broker with no commission fees and start with 50 bucks, never investing more than 1-2$ a time.

    Or get an eToro account, there you can invest with fake money, doesn’t cost anything and nothing to loose..

    In my opinion the biggest lessons I learned were learning support & resistance and NEVER use a handle / leverage. At least until you know what you’re doing..

    I’m surprised how successful I can be by just being patient, not emotional and understanding support lines.

    And don’t think that negative amounts are bad, you’re not perfect, just plan your risk and take a loss when it’s going out of control..

    Just my experience and opinion though:)
  • 1
    @AlgoRythm Wow, congrats. Active or long term passive?
  • 1
    @neeno oh and be conservative. If a stock looks like it might shoot through the roof but isn’t quite there yet, don’t buy it. 80% of my positions with loss are because of that, I’m gambling rather than making rational decisions. Still doing sometimes it but it never ends well ๐Ÿ˜„

    The best source for swing trading imo is zipTrader on YouTube.
  • 1
    @just8littleBit A little bit of both, but most of the profit comes from active. Learning about stop loss orders and all that really gives you an edge especially if you can't be on your account all day monitoring stuff.
  • 7
    Nice Job!! It’s good to share accomplishments like this ๐Ÿ˜Š
    I wish I was patient like this and knew what some of these words meant!

    I’ve only delved into CD’s since they were the safest. I’m too chicken or don’t know enough to go into stocks. They do feel like gambling which I’ve NEVER been into.
    This is cool
  • 1
    @EDragon I feel like stocks are the least gambling๐Ÿ˜… lost a couple hundred a few years back when playing around with indices CFDs and crypto๐Ÿ˜–
  • 2
    @just8littleBit thanks for the tips! I'll definitely take a look at eToro and zipTrader.
  • 1
    I would also be into this but my lazy ass will surely forget about it and have a net loss in the end.
  • 1
    @JFK422 this is what I’m afraid too! Just forgetting about it or not knowing what to do ๐Ÿ˜ฌ
Add Comment