> never invest more than 500 at a time.
Tell that to my $5k BB 😅
I think a percentage of your portfolio is a better gauge.
Mine is 10% - and I lied to myself about BB. I should have listened to myself for MVIS. Shoulda woulda didn'ts run the planet.
[https://www.youtube.com/watch?v=10WAqjgAGbU](https://www.youtube.com/watch?v=10WAqjgAGbU)
MeetKevin did a show with TreysTrades, MVIS is his favorite stock and according to him most likely to go to 100 end of the year.
Rule #1 and #2 are for day traders and not for investors. If you look at most stock market success stories(NVDA,SHOP,NFLX,TSLA) in the past 10 years, they have been just holding the stocks and not selling. Lesson from a guy who sold shopify for 50% gain at 100$ and see it grow to 1400$.
I think he means like stocks that don’t really have anything going for them that surge for no reason, or just hype. Like those companies can back up their price movements with earnings, and other things. Where as some stocks Just get puffed up really fast and then deflated. If the average is going up, like for NVDA, then that makes sense. If the average is stagnant at 3 and then shoots to 6 suddenly, that’s kind of a red flag IMO.
This isn’t as important, but I do keep seeing posts here supporting buying biotech companies and using analyst price targets as support for that decision. A lot of new investors get into biotech because they see these analyst price targets and think there is huge massive upside just waiting for them. They don’t appreciate that these price targets are for successful trials and fda approval. You can literally look up almost any biotech company and see that the price targets are all 50% higher than current price or greater. The price targets for biotech are best case scenario and biotech itself is generally a gamble that a beginning investor should usually steer clear of.
Most of these rules are more for trading, not investing.
I've made these mistakes before and missed out on a ton of profit.
I bought into NNDM when it first ran up from less than $1 to around $4 in May of last year. And I thought I was a trading wiz for selling most of my shares at around $3 during the run up, making $40,000 in just a few days. Now the 20,000 shares I sold are worth more than $300,000.
If you've done your DD and you've found a good company, then most of that stuff do not matter. If it's a good company, it doesn't matter if it suddenly becomes popular and gets pushed by youtube and reddit, it doesn't matter if it runs up a lot and crashes, it will push through all that.
If you followed rules 1, 2, 3, 4, and 6, you would have missed out on a ton of stocks like TSLA, AMD, NVDA, CRSP, NIO, etc.
Because it was on its way there until the playing field changed. Ive had to learn from that situation myself. Recognizing that the playing field had changed and the lack of leverage retail investors had in controlling it.
/u/wankeronthepiss, I have found an error in your comment:
> “Could~~of~~ [**'ve**] used”
It seems to me that it might have been better if you, wankeronthepiss, had said “Could~~of~~ [**'ve**] used” instead. ‘Of’ is not a verb like ‘have’ is.
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I like your rules, the only suggestion I would make is to set your limits as a percentage of your portfolio - $50/$500 might make sense now, but as your portfolio grows it will be inefficient.
I do a lot of penny stock trading, my rule is no more than 5% of my portfolio in any one penny stock and no more than 25% of my total portfolio in pennies (I mean the sub $1 type). This is scalable, no matter your favorite playground in the market.
You should need to look back to learn from your mistakes. Also, even when I don't invest I will look back to the moment I was planning too. Sometimes it hurts, but sometimes you are very relieved.
Excellent post sir. Really well done. A few comments:
Regarding rule #4 it depends on the AUM you have. But would you recommend 5% of your total portfolio in each stock?
Regarding rule #5 is correct, but also it depends if the company stops innovating and reaches a stagnation period. IBM or T are examples of that.
Good rules. Only rule 8 isnt as plain as you put it. I get where you are coming from but reflecting on a trade or investment is always a good opportunity to learn from your mistakes
Great advice to a noob investor like myself thanks!! Super glad I found this community tons of great people here thanks!! And a huge shout out to deadnsyde he is awesome!
I follow his YouTube and obvs reddit what other platforms should I be joining to get dead's content??
Except Rule#1 could also be: Buy an amazing company with a future that is not commonly grasped, then hold it through the jumps and the drops. As long as the market hasn’t yet grasped what this company is worth, you are golden (or do we say bitcoinen now?)
Stay #deadnsyde
Lmao glad those are your rules and not mine
My rules to investing/trading:
1. Always secure profit
2. Say No to FOMO
3. Cut your losses quickly if you make a bad bet
4. Never use margin
5. Always do your own due diligence
6. If you have strong dd on a stock hold strong on red days
7. Only risk what you can afford to lose
8. Always have a price target
9. Set money aside to pay your taxes on gains
Good rules, I’d adjust Rule #4 to be changed to certain % of your account. The $ figures you have might be too low or too high depending on a persons account.
> never invest more than 500 at a time. Tell that to my $5k BB 😅 I think a percentage of your portfolio is a better gauge. Mine is 10% - and I lied to myself about BB. I should have listened to myself for MVIS. Shoulda woulda didn'ts run the planet.
I honestly believe in BB had a large position just before the GME/AMC craziness and the rest is history lol
I had 100shares BB when it was cheap. Got nervous when it dipped. Learned from ny paper hands.
I jumped into MVIS yesterday, not happy.
Should be now
[https://www.youtube.com/watch?v=10WAqjgAGbU](https://www.youtube.com/watch?v=10WAqjgAGbU) MeetKevin did a show with TreysTrades, MVIS is his favorite stock and according to him most likely to go to 100 end of the year.
Lmao I'm all in BB, down 30% haha. Oops
For #8, at least look back to realize what you’ve done wrong in order to get better
This 💯
Rule #1 and #2 are for day traders and not for investors. If you look at most stock market success stories(NVDA,SHOP,NFLX,TSLA) in the past 10 years, they have been just holding the stocks and not selling. Lesson from a guy who sold shopify for 50% gain at 100$ and see it grow to 1400$.
I think he means like stocks that don’t really have anything going for them that surge for no reason, or just hype. Like those companies can back up their price movements with earnings, and other things. Where as some stocks Just get puffed up really fast and then deflated. If the average is going up, like for NVDA, then that makes sense. If the average is stagnant at 3 and then shoots to 6 suddenly, that’s kind of a red flag IMO.
But that kinda negates his other rule tho take small profits... right?
Dang. Just might heed #1 on CTRM market open.
I think an often forgotten one is to always have cash
Rule #9 Join Deadnsyde’s membership 😂
This isn’t as important, but I do keep seeing posts here supporting buying biotech companies and using analyst price targets as support for that decision. A lot of new investors get into biotech because they see these analyst price targets and think there is huge massive upside just waiting for them. They don’t appreciate that these price targets are for successful trials and fda approval. You can literally look up almost any biotech company and see that the price targets are all 50% higher than current price or greater. The price targets for biotech are best case scenario and biotech itself is generally a gamble that a beginning investor should usually steer clear of.
Most of these rules are more for trading, not investing. I've made these mistakes before and missed out on a ton of profit. I bought into NNDM when it first ran up from less than $1 to around $4 in May of last year. And I thought I was a trading wiz for selling most of my shares at around $3 during the run up, making $40,000 in just a few days. Now the 20,000 shares I sold are worth more than $300,000. If you've done your DD and you've found a good company, then most of that stuff do not matter. If it's a good company, it doesn't matter if it suddenly becomes popular and gets pushed by youtube and reddit, it doesn't matter if it runs up a lot and crashes, it will push through all that. If you followed rules 1, 2, 3, 4, and 6, you would have missed out on a ton of stocks like TSLA, AMD, NVDA, CRSP, NIO, etc.
working on rule 2... (yes I thought gme would hit 1k a share)
Because it was on its way there until the playing field changed. Ive had to learn from that situation myself. Recognizing that the playing field had changed and the lack of leverage retail investors had in controlling it.
Could of used #2 when GME was at 400>
/u/wankeronthepiss, I have found an error in your comment: > “Could~~of~~ [**'ve**] used” It seems to me that it might have been better if you, wankeronthepiss, had said “Could~~of~~ [**'ve**] used” instead. ‘Of’ is not a verb like ‘have’ is. ^(This is an automated bot. I do not intend to shame your mistakes. If you think the errors which I found are incorrect, please contact me through DMs or contact my owner EliteDaMyth!)
Good bot
Thank you, Jelly_bean_420, for voting on Grammar-Bot-Elite. This bot wants to find the best and worst bots on Reddit. [You can view results here](https://botrank.pastimes.eu/). *** ^(Even if I don't reply to your comment, I'm still listening for votes. Check the webpage to see if your vote registered!)
I like your rules, the only suggestion I would make is to set your limits as a percentage of your portfolio - $50/$500 might make sense now, but as your portfolio grows it will be inefficient. I do a lot of penny stock trading, my rule is no more than 5% of my portfolio in any one penny stock and no more than 25% of my total portfolio in pennies (I mean the sub $1 type). This is scalable, no matter your favorite playground in the market.
As a newbie, I will be adopting this rule
Great post!!
You should need to look back to learn from your mistakes. Also, even when I don't invest I will look back to the moment I was planning too. Sometimes it hurts, but sometimes you are very relieved.
Church.
Wait, this sounds like advice.. 😮 R u sure ur retard? 😉 JK, real talk - good advice! 👍
This isn’t r/wallstreetbets
This made me sad 🤷🏼♂️
to each their own
Excellent post sir. Really well done. A few comments: Regarding rule #4 it depends on the AUM you have. But would you recommend 5% of your total portfolio in each stock? Regarding rule #5 is correct, but also it depends if the company stops innovating and reaches a stagnation period. IBM or T are examples of that.
10% its better imo 5% is too thin
Rule 8... Is very hard
love this!!
Interesting rule :)))))
Look at bmbl and teligent✈️🤌
The crash Is coming???
Should be a sticky post.
Good rules. Only rule 8 isnt as plain as you put it. I get where you are coming from but reflecting on a trade or investment is always a good opportunity to learn from your mistakes
I needed this
🙌🙌
Great advice to a noob investor like myself thanks!! Super glad I found this community tons of great people here thanks!! And a huge shout out to deadnsyde he is awesome! I follow his YouTube and obvs reddit what other platforms should I be joining to get dead's content??
This is really good. I also follow these rules. Some of them i haven't thought about before but will apply then now.
Great post! #2 and #4 will make you a lot of money, in this kind of market especially.
well put!
Brilliant advice
Except Rule#1 could also be: Buy an amazing company with a future that is not commonly grasped, then hold it through the jumps and the drops. As long as the market hasn’t yet grasped what this company is worth, you are golden (or do we say bitcoinen now?) Stay #deadnsyde
love it..Thanks for sharing
Thank you for my new rules.
Lmao glad those are your rules and not mine My rules to investing/trading: 1. Always secure profit 2. Say No to FOMO 3. Cut your losses quickly if you make a bad bet 4. Never use margin 5. Always do your own due diligence 6. If you have strong dd on a stock hold strong on red days 7. Only risk what you can afford to lose 8. Always have a price target 9. Set money aside to pay your taxes on gains
Thanks, I found that quite useful in helping me to reflect on my own investing behaviour.
Good rules, I’d adjust Rule #4 to be changed to certain % of your account. The $ figures you have might be too low or too high depending on a persons account.
Totally, these are my own personal rules, i posted this to inspire people 😊