Thursday, September 17, 2020

Money management: Stock market is best school to find my weakness - Questrade.com

 Sept. 17, 2020

Introduction

I have to learn how to play safe on stock market, work on my portfolio called Victoria using Questrade.com. 

My big loss starting from Sept. 31, 2020

I did not learn how to stop big loss. I also was afraid when the market is selloff. But it is time for me to learn how to work on money management. 


Money management 

I like to take big risk up to $6000 dollars, all my gains from March 2019 to August 31, 2020. Instead I should push myself to learn how to work on money management, play safe bet on stock market. 

There are so many opportunities for me to invest, I do not have to take so big risk to get my long term investment goals. 

Market is so volatile, and it is hard for me to figure out true value of those stocks - SU.TO, HSE.TO, IMO.TO. 

I could take profit over $600 dollars in one day after I purchased on August 31, 2020. And then there is big loss over $1000, $2000, and until I noticed the loss is over $6000 dollars. I did not choose to stop loss on each position. I was thinking about investing long term. 


No comments:

Post a Comment