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by real-dino
1662 days ago
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Overtrading is the worst way possible to trade, but it's what feels intuitive and 'playing the game' to most. I got suckered into it at the beginning, and thankfully didn't lose that much before I calmed down. Finding stocks with solid fundamentals, and buying and holding based on common sense is the strongest strategy. For example you see that Microsoft's ARM operating system is getting bad reviews, buy Apple. Also, the whole market is rigged in big finance's favour. They can borrow shares from thin air, and pump and dump whilst getting the smallest of fines. Ignore financial news. It's all owned by the same big companies, and is weaponised. If you try to day trade, you are just going to be outperformed by the algos and the hedgies, who can trade smarter and faster with information you don't have. Say what you want about the Gamestop apes, but many have been holding for a whole year. "The stock market is a device for transferring money from the impatient to the patient." ~ Warren Buffet |
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