$Tiger Brokers(TIGR)$ I am not pro and equip with skills to do technical analysis etc. So I adopt the following strategy for individual stocks. For ETFs, it is no brainer DCA😬.
Step 1: Read various reviews, news and recommendations. This step is rather random as I am not sure which stocks to start with.
Step 2: Add potential stocks to watchlist.
Step 3: Search for as many analysis that give a buy recommendation with target prices.
Step 4: Ask the question: how far the current price is from the target price (average/median)? If it is quite close or the profit is not much (due to limit budget), drop the stock. Pick only the stocks that are worth the price increase.
Step 5: For the select stock, read up on the company and decide whether you are okay with the companies directions etc.
Step 6: Search for the financial data (eg dividend yields: is it consistent or increasing?, debt: is there net debt or whether it is large?)
Step 7: Look for historical data. I know past data does not indicate future trend. I use past data especially the all time low value and ask the question. Can I stomach the loss if the share price drop to the all time low or even lower? Personally, I prefer stocks that are already close to their all time low or 2 to 3 years low.
Step 8: BUY BUY BUY 😎within the budget.😎
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