The stock market is overwhelming. Sifting through the data and charts and news is proving to be a full-time job. I knew I was going to have to invest a fair amount of time and energy into it if I wanted to be in full control of my own portfolio. I’m glad I chose this route.
Calling myself a beginner is being generous. I’m on week 2 and the day after I bought 2 marijuana stocks (APH and WEED on the TSX) they dropped 7-8%. A few days later they dipped another 6%. The joy of speculative buying. I misread the chart and bought when they were both too high. Now they’ve climbed back to where I bought them and it’s looking positive for a green week (double entendre!). I wouldn’t be surprised if they both shot up 7-10%. Nice.
Aside from buying my first 6 stocks, I also did two swing trades. Bought 2000 FLT stocks at 1.42 and sold at 1.95 later that afternoon with the guidance of my stock investing step-mother. Good advice she gave me.
Now she’s giving me some tips on option trading, to which I can fully admit I don’t have any idea about. After I make some gains with swing trading I’ll move on to options. So much to learn!
Until next Sunday trading friends! DiverSHAfy is out eh!