For our featured trader of the week, we have chosen Secret Jockey a.k.a. @buhospamore for his/her efforts in engaging the community!
Often when you scroll through the posts in the Investagrams platform, it is common for most users to talk about their different stock picks as well as why they believe in them. Although these posts are able to provide information, it is often refreshing to see a user who talks about the principles and processes involved in trading.
Secret Jockey is one of these people as some of his posts are addressed to newcomers to the stock market.
In one of his posts, the terminologies used by veterans are listed down. Although these are only the basic terms used, newbies would most likely appreciate it as it can be confusing to follow the thoughts as well as conversations of traders in the platform without knowing what some of the terms used actually mean.
Another post, directed towards newcomers again, holds especially true in light of recent events. Ever since the bloodbath occurred where the $PSEi rapidly fell towards the 4,000 levels, there has been a sudden influx of interest in investing. We’re sure most of you traders out there have received a message or two from a friend or acquaintance asking for tips on how to invest in the market. As one of our missions is to increase the financial literacy of Filipinos, we implore non-investors to participate in the stock market. However, what we would like to encourage is responsible investing.
Investing and trading isn’t about just putting money in the markets and then calling it a day, just waiting for a profit. As mentioned by Secret Jockey, there is no easy money. The simplest way to put it is that investing is simple, but not easy. You don’t have to be scared of not being smart enough because the market doesn’t care about who you are; it cares about the conscious effort that you put into making sure that your capital is safely compounding itself.
As the saying goes, there is nothing worth it that doesn’t come with the price of effort and time. If you’re hesitating because you don’t know how to start, don’t fret! That’s why we’re here. You can head on over to the Investagrams platform and find various informative articles that tackle how to start investing (READ: How to Start Investing in the Philippine Stock Market).
Just head on over to the “Learn” tab on the upper right side of the webpage and enjoy the curated content that we update from time to time in order to help more people become comfortable with the stock market.
Last but not the least, our featured trader also shared a relevant piece of information that all traders should know. (ORIGINAL POST HERE: https://www.investagrams.com/Post/buhospamore/1109748)
Although we have seen quite a few rallies these past few weeks, it can still be said that the equity markets aren’t out of the woods just yet. In just a snap, we could go back to a strong bear market that could easily wipe out gains and cut down the amount of opportunities available.
Whether you’re a novice or a veteran trader, this advice holds true: always try to sharpen the saw. Find your edge, or in layman’s terms your advantage, and make it as sharp as possible. Also, if the state of the market is not suitable for your edge, then don’t be afraid to sit out. You don’t have to be a genius that catches every move in order to be a good trader.
Warren Buffett, an icon in investing, likened stock trading/investing to baseball and said that “in this game, the market has to keep pitching, but you don’t have to swing. You can stand there with the bat on your shoulder until you get a fat pitch.”
Again, we would like to congratulate Secret Jockey for being our featured trader of the week by being a team player towards the community. You will receive FREE 1-month access to InvestaPRO!