/biz/ - Business & Finance

As someone who only just started trading a few weeks ago, I want to share what I've learned and hopefully help some other people.

1. Never hold expecting to gain more when you're already profiting a considerable amount. EVER (Image related). Just don't. You will lose that profit margin unless the company is a startup that literally just got bought out. And don't expect anything to ever be bought out either. *cough* AUPH

2. Don't automatically sell just because you're in the red. Especially if it's a small amount. This is partly why stocks start dropping and bears profit of it.

3. Don't risk holding stock over the weekend if you aren't sure of the company.

4. If you are specifically using robinhood instant, do not buy stock if you don't have any day trades left. Always have an escape. If you really want to risk it, buy it at the end of the day if it dipped. You will still have to sit holding it in the after and pre market hours though so remember that it can still fluctuate before morning.

5. Never buy a stock just because someone says to. Even if it was pimple RIP. Always use DD and look up the stock before hand and have some idea about what's happening with the company.

If you start to follow these guidelines, it makes losing a lot less likely. Hope this helps someone.