/biz/ - Business & Finance

>>12000344
>Anyone want to drop some knowledge they wished they knew starting off?

Regardless of what style of trading you choose to do (long term investing, swing trading, or day trading), don't try to be a contrarian and go after stocks on a descending trend fishing for the reversal back to rising trend. To start, you should pick well established companies with fairly consistent rising trends over the years. Then do research on how to time an appropriate entry in to those stocks as well as dollar cost averaging.

Don't mess around with high volatility sectors (weed, pharma, recently tech) until you have a general idea of how to read charts and basic TA. An ETF of a high volatility sector is sort of a half step to trading these kinds of stocks and will shield you from the worst of the volatility.