Here& #39;s a little lesson from me https://abs.twimg.com/emoji/v2/... draggable="false" alt="📕" title="Geschlossenes Buch" aria-label="Emoji: Geschlossenes Buch">

From when I was a true n00b!!

But I see people making the same MISTAKES https://abs.twimg.com/emoji/v2/... draggable="false" alt="🙄" title="Gesicht mit rollenden Augen" aria-label="Emoji: Gesicht mit rollenden Augen">

[THREADhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🧵" title="Thread" aria-label="Emoji: Thread">]

MISTAKE 1

When I first started out as a little investing piglet I thought I could beat the market https://abs.twimg.com/emoji/v2/... draggable="false" alt="📈" title="Tabelle mit Aufwärtstrend" aria-label="Emoji: Tabelle mit Aufwärtstrend">

I thought it was pretty easy

I& #39;d watch the news, watch the daily share prices a bit and read things like this: https://www.proactiveinvestors.co.uk/companies/news/930441/smith--nephew-posts-quarterly-revenue-recovery-930441.html">https://www.proactiveinvestors.co.uk/companies...

Then I would go and look at the share price.

£SN opening price 01/10/20 = £15.20
£SN price 01/10/20 @ 0900 = £15.515 (2.07% increase)

MISTAKE 2
Gonna get me a piece of that actionhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🤩" title="Vom Star geblendet" aria-label="Emoji: Vom Star geblendet">
(so I thought.......)

So I would buy in @ £15.515.

MISTAKE 3
Then I would sit and watch the price about 6 times in the day https://abs.twimg.com/emoji/v2/... draggable="false" alt="🕒" title="Ziffernblatt 03.00 Uhr" aria-label="Emoji: Ziffernblatt 03.00 Uhr">

MISTAKE 4
Watching the prices day 2 they have dropped https://abs.twimg.com/emoji/v2/... draggable="false" alt="📉" title="Tabelle mit Abwärtstrend" aria-label="Emoji: Tabelle mit Abwärtstrend">

£SN price 02/11/20 @ 1100 = £15.03 (3.13% decline from my buy rate)

MISTAKE 5
I would get frustrated and sell making a loss from the decline and a loss on the bid-offer spread

I probably lost around 5% of my overall portfolio value trying to predict what prices would do based on news reports and trading announcements.

MISTAKE 6 (bonus error)
I tried chasing my losses here https://abs.twimg.com/emoji/v2/... draggable="false" alt="😱" title="Vor Angst schreiendes Gesicht" aria-label="Emoji: Vor Angst schreiendes Gesicht">

DONT GET CONFUSED!!! https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤯" title="Explodierender Kopf" aria-label="Emoji: Explodierender Kopf">

Share Trading is fine but IT IS NOT DONE LIKE THIS

I am not knocking share trading BUT if you want to make money from Share Trading, read up on it, learn it and try it on a test account (Trading 212 offer these - http://trading212.com/invite/Gbast0Ny )">https://trading212.com/invite/Gb...

Lessons here https://abs.twimg.com/emoji/v2/... draggable="false" alt="📕" title="Geschlossenes Buch" aria-label="Emoji: Geschlossenes Buch">

https://abs.twimg.com/emoji/v2/... draggable="false" alt="❌" title="Kreuzzeichen" aria-label="Emoji: Kreuzzeichen">Dont try and second guess markets
https://abs.twimg.com/emoji/v2/... draggable="false" alt="❌" title="Kreuzzeichen" aria-label="Emoji: Kreuzzeichen">Dont buy on the increases WITHOUT proper research

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen">Do your own research on investments
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen">Learn how to analyse stocks in a way you feel happy with

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen">DECIDE YOUR OWN STRATEGY AND STICK TO IT

Ideal job for a Saturday...