Red Panda
09-06

$Tiger Brokers(TIGR)$ 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.😎

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • bubblyo
    09-06
    bubblyo
    That's a well-thought-out strategy
  • moliya
    09-06
    moliya
    Thanks for sharing your strategy
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