$Tiger Brokers(TIGR)$ If you are trading to break even you mite as well give up and put your money in a bank account. Yes as investors we all make mistakes in hindsight, so sometimes cutting your losses is a necessary but deeply uncomfortable thing to do. But realising losses is hopefully a learning experience... what did you do wrong and how will you avoid a repeat.
With stock investing knowledge is power, and that power leads to profit. be an information sponge, soak up everything but be highly critical, just because someone has done a fancy DFC on a stock and it looks impressive, it's probably not. As an emotional investor of course I look at the past of a stock and in some cases like $Realty Income(O)$ Past performance is so impressive, investment is a no brainer. But the future is way more important, looking at the future potential of a company, market opportunities and strategy the company has to exploit those opportunities, well that's how I make my investment decisions.
If you are consistently loosing, my suggestion would be just invest in $Vanguard S&P 500 ETF(VOO)$ For a start (S&P 500 Index), average return over the last 100 years is around 9%. Maybe then branch out a little buy the expensive blue chips with huge moats, and insane track records, like $Visa(V)$. Then go to a few dividend kings to give u cash flow with better returns than visa.
And never read anything by anyone that begins their article with "this is why the stock went up or down today" what happened today is meaningless unless there are serious consequences in the future.
Think long term not short term. I'll give you an example. Last year I brought $NextEra Energy Partners LP(NEP)$ why? Cause it dropped a lot on the news that it might not be able to increase its dividends going forward in 2024 due to high interest rates. Totally stupid market reaction. After the drop I brought it with a 12% dividend return. And wait, now my position is up 27% and looks like interest rates will begin to drop. I love when the market overreacts and, doesn't think.
Yes 27% is nothing too impressive, but it's solid, and NEP is a great dividend stock that I got super cheap. Actually it's still cheap but I'm happy with my position.
Anyway that's my thoughts on the topic, if you are trading to break even, you need to rethink your approach. Trade to win, be patient, research, reseach, research. Don't listen to idiots. Exploit clear opportunities, believe in your convictions, but constantly question them.
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