(06-03-2021, 05:31 PM)CatMan Wrote: I'd recommend paper trading for awhile before ever investing with real money. Build your circle of competence in an area, the smaller the better to start. See the results through your paper trading, then execute in real life. Getting over the possible psychological turmoil of being in the market takes experience, though. Learning to not let the waves of emotion throughout the market sway you, will help you massively. That you can't train for, it just has to be developed over time.

And of course never invest money you need, or aren't prepared to lose.

Hope you're doing good with things otherwise.

(06-03-2021, 05:31 PM)CatMan Wrote: I'd recommend paper trading for awhile before ever investing with real money. Build your circle of competence in an area, the smaller the better to start. See the results through your paper trading, then execute in real life. Getting over the possible psychological turmoil of being in the market takes experience, though. Learning to not let the waves of emotion throughout the market sway you, will help you massively. That you can't train for, it just has to be developed over time.

And of course never invest money you need, or aren't prepared to lose.

Hope you're doing good with things otherwise.

(06-03-2021, 05:56 PM)Jake2015 Wrote: Whats paper trading? is there any game/app that allows you to trade without actually using real money at all?

Thank you for the advice bro!

yeah all is well just always journalling and hoping more execution becomes evident for me lol hope all is well with you too otherwise?

(06-03-2021, 06:43 PM)4Kingdoms Wrote:

(06-03-2021, 05:31 PM)CatMan Wrote: I'd recommend paper trading for awhile before ever investing with real money. Build your circle of competence in an area, the smaller the better to start. See the results through your paper trading, then execute in real life. Getting over the possible psychological turmoil of being in the market takes experience, though. Learning to not let the waves of emotion throughout the market sway you, will help you massively. That you can't train for, it just has to be developed over time.

And of course never invest money you need, or aren't prepared to lose.

Hope you're doing good with things otherwise.

(06-03-2021, 05:56 PM)Jake2015 Wrote: Whats paper trading? is there any game/app that allows you to trade without actually using real money at all?

Thank you for the advice bro!

yeah all is well just always journalling and hoping more execution becomes evident for me lol hope all is well with you too otherwise?

https://www.investopedia.com/terms/p/papertrade.asp

You should search youtube for different trading styles.
Buy and Hold / Day Trade / Swing Trade / Income vs Dividend Stocks

If this is too much work, then search youtube for ETF Index Funds.

(06-03-2021, 05:56 PM)Jake2015 Wrote:

(06-03-2021, 05:31 PM)CatMan Wrote: I'd recommend paper trading for awhile before ever investing with real money. Build your circle of competence in an area, the smaller the better to start. See the results through your paper trading, then execute in real life. Getting over the possible psychological turmoil of being in the market takes experience, though. Learning to not let the waves of emotion throughout the market sway you, will help you massively. That you can't train for, it just has to be developed over time.

And of course never invest money you need, or aren't prepared to lose.

Hope you're doing good with things otherwise.

Whats paper trading? is there any game/app that allows you to trade without actually using real money at all?

Thank you for the advice bro!

yeah all is well just always journalling and hoping more execution becomes evident for me lol hope all is well with you too otherwise?

(06-04-2021, 04:05 AM)CatMan Wrote:

(06-03-2021, 05:56 PM)Jake2015 Wrote:

(06-03-2021, 05:31 PM)CatMan Wrote: I'd recommend paper trading for awhile before ever investing with real money. Build your circle of competence in an area, the smaller the better to start. See the results through your paper trading, then execute in real life. Getting over the possible psychological turmoil of being in the market takes experience, though. Learning to not let the waves of emotion throughout the market sway you, will help you massively. That you can't train for, it just has to be developed over time.

And of course never invest money you need, or aren't prepared to lose.

Hope you're doing good with things otherwise.

Whats paper trading? is there any game/app that allows you to trade without actually using real money at all?

Thank you for the advice bro!

yeah all is well just always journalling and hoping more execution becomes evident for me lol hope all is well with you too otherwise?

Paper trading is a term that means you make a portfolio yourself, set aside the money in pretend to buy x number of shares that you wanted to invest in, and then watch how they perform. It's a simulation of actual investing, not actually investing. It's done to learn how to pick things to invest in, to understand the market etc. I suggested it because investing before such a period of learning usually results in losses, frustration etc.

(06-04-2021, 07:06 AM)Shannon Wrote: Re investing... I only buy stocks I am willing to hold for at least 10 years. It gets rid of the short term noise and gives a much better chance of return.

Id like to see what happens when you do 2 loops a day 2 days on 2 days off.

(06-04-2021, 10:12 AM)Jake2015 Wrote:

(06-04-2021, 07:06 AM)Shannon Wrote: Re investing... I only buy stocks I am willing to hold for at least 10 years. It gets rid of the short term noise and gives a much better chance of return.

Id like to see what happens when you do 2 loops a day 2 days on 2 days off.

Thank you @Shannon Yeah i was thinking that too maybe just leave it when I have more money spare for 10 years etc and see what happens. There so much hype around all this bitcoin stuff that im wondering whether to look into that too.

Ok bro ill start that now 2 days on and 2 days off  thank you

(06-04-2021, 12:11 PM)Shannon Wrote:

(06-04-2021, 10:12 AM)Jake2015 Wrote:

(06-04-2021, 07:06 AM)Shannon Wrote: Re investing... I only buy stocks I am willing to hold for at least 10 years. It gets rid of the short term noise and gives a much better chance of return.

Id like to see what happens when you do 2 loops a day 2 days on 2 days off.

Thank you @Shannon Yeah i was thinking that too maybe just leave it when I have more money spare for 10 years etc and see what happens. There so much hype around all this bitcoin stuff that im wondering whether to look into that too.

Ok bro ill start that now 2 days on and 2 days off  thank you

If you're going to invest instead of gamble... that is, buy and hold for long periods of time... I would, in your shoes, seek disruptive new technologies that are going to change the world to consider.  But if I were you, I would make good and sure I know everything I need to know before deciding who and what to invest in.

I would also look very carefully at the country those companies are based in.  Some countries are better than others when it comes to long term investment.