IF INVESTING IN THE STOCK MARKET IS INTIMIDATING, OVERWHELMING OR CONFUSING; LET ME BE HONESTLY STRAIGHTFORWARD, AND TELL YOU WHY!
THERE IS ABUNDANCE OF INFORMATION SCATTERED ALL OVER THE INTERNET, AND YOU ARE TRYING TO LEARN IT ALL IN BITS AND PIECES BY GOOGLE SEARCHING, YOUTUBE WATCHING AND FOLLOWING “GURU’S“.
IMAGINE PICKING UP A BOOK AND READING PAGE 64 AND THEN 2 DAYS LATER, READING PAGE 33 AND THEN READING RANDOM PAGES INBETWEEN AND PRETENDING YOU KNOW THE WHOLE STORY.
LET ME SIMPLIFY, WHY I WASTED 10YRS FIGURING THIS OUT, AND HOW YOU CAN BENEFIT…
1. I STARTED GOOGLE SEARCHING INVESTMENT SITES TO LEARN FROM-
- CONFLICTING INFORMATION: Since there is overwhelming information online, I found myself all over random blogs/sites. I didn’t know who to trust., so I started to trust reputable sites, but realized even with them there was no norm, no A-Z guidebook that everyone followed. Depending on the site, I was learning different and contradicting things! Then I realized,..
- “Value investors” trade completely different than “Growth Investors”.
- Fundamental Analysis entry points are different than Technical Analysis entry points
- Investor and traders have different entry/exit points.
- Some will buy more as stock drops, others get out
- SO, What Should I Be Doing, Which One Should I Try?
- LEARNING IN BITS AND PIECES: Since I was learning in bits and pieces, sometimes it was confusing and my learning pace was slow.
- REACTING TO SENSATIONALIZED STORIES: Than I figured out like news sites many investment sites/blogs make their money from traffic not from teaching me. So, there was a need to sensationalizing stories so I can click on it, As a novice investor, I would react to the news and invest my money, not realizing the price was already baked into the value (I was too late to the table).
2. ADS THAT TOUT A SECRET STRATEGY THAT WILL MAKE ME MILLIONS!
There are some great content on YouTube that you can learn from, but beware of enticing ads (low hanging fruit). Most YouTube, Facebook and Instagram ads are targeted to get you excited and play to your emotions, not necessarily teach you A-Z of investing.
Think About It: If one or two secret strategies can give you 200% to 300% consistent returns-
- There wouldn’t be a need to learn anything else. We can all just get automatic 200% return -when the market goes up, down or sideways. We will just have that money compound and make billions!
- Why would this person be willing to sell you billions of $ worth of secrets strategy for $47 or even $5k?
Truth is, no one strategy works all of the time!
Some strategy work when a market moves in a particular direction (when a market is bullish or bearish or even sideways). But when market turns that strategy no longer work.
LEARNING TO INVEST FROM RANDOM VIDEOS AND ARTICLES IN BITS AND PIECES IS LIKE PUTTING ENTIRE 10K PUZZLE TOGETHER WITHOUT LOOKING AT THE COVER. EVENTUALLY YOU WILL FINISH IT, BUT IT CAN GET CONFUSING AND TIME CONSUMING.
3. PAYING FOR A SUBSCRIPTION
Subscription to “stock picks” are fine, but I found out I never learned. I was merely following someone else’s buy/sell signals and mirror their trade without learning. But I was always at their mercy. If they stop performing or raise their subscription cost, I was left in the dark. I was always afraid at some point rug will be pulled out under my feet and I won’t have any back-up plan.
“Give a man a fish and he is fed for a day, teach a man to fish and he is fed for a lifetime”
THIS IS WHAT I DID FOR 10 YEARS! It took me 10 years of haphazard trading just to understand why I had no consistency in my trades, and even when I had some technical knowledge I was always swayed by contradictory trading style.
Why? Because in all honesty:
- I was trading on emotions and impulse and was being influenced by sensationalize news and was swayed easily.
- I did not adhere to any principal trading style, because I hadn’t created one!
- I continued to buy into Facebook, YouTube Ads promising me of a strategy that will work.
THE TRUTH IS THERE IS NO ONE WAY TO INVEST IN THE STOCK MARKET, AND I DON’T CLAIM TO KNOW “THE RIGHT WAY”! IF SOMETHING IS WORKING FOR YOU, GREAT-USE IT! ONLY “RIGHT WAY” IS THE ONE THAT GIVES YOU THE BEST, CONSISTENT RETURNS! IF YOU FOUND A SYSTEM THAT WORKS, STICK TO IT, DON’T CHANGE IT UNLESS YOU HAVE TO!
IF YOU HAVEN’T, INVESTING PRODIGY COURSE WILL SHORTEN YOUR LEARNING CURVE (10 YEARS) THAT BREAKS EVERYTHING DOWN IN SMALL CHUNKS FROM BEGINNING STEPS TO ADVANCE CONEPTS.
Let me be honest with you Investing Prodigy can’t guarantee all your trades will be a win (not even 90%), but if you don’t have a trading/investing knowledge and a foundation to build on coupled with an investing plan, you don’t have a chance!
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