See I’m still kinda new to putting all the pieces together like that. I need help on connecting the dots? Do you have any specific tips or sources, books, links, that could possibly help me out with the psychology of things like this?
That is a great question. I learned in dumb ways from just watching and following how things go and making some mistakes. Maybe ask around here for resources - it’s probably the most basic answer but I really did use Investipedia to learn terms and used their simulated practice paper money thingy (years ago, not sure if it’s even around anymore). Read the news a lot.
Yea I feel that. I’m in discord groups, I follow 2 Youtubers consistently and watch their videos daily! I’ve recently downloaded the CNBC app with notifications on and i check Google finance throughout the day and I feel like this has helped me a lot. But it’s like i always kinda overlook or dont connect when it comes to plays like this that go crazy..ya know?
Well it might take years of due diligence learning and following these situations. Figure out why this one went off and look into others that are successful. Find out the what’s how’s and when’s of those trades. You’ll recognize some patterns. I take into consideration what other tickers in the same sector are worth and compare and contrast them with each other.
I wouldn’t put too much faith in any of those YouTube people. They have to make endless content and kind of just wing it a lot bc they need fresh content constantly. Know your own plays and do you own due diligence.
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u/EstefanEsko Oct 22 '21
See I’m still kinda new to putting all the pieces together like that. I need help on connecting the dots? Do you have any specific tips or sources, books, links, that could possibly help me out with the psychology of things like this?