#Easy strategy for fellow rookies 1st do your reaserch before buying or selling. 2nd pick one solid high dividin yield with a slow and steady growth in the living nessesities sector. That will be your safety net to put 1/3 of all high risk high gain profits into. 3rd the adrenaline rush of fast flips find something at a bottom of a crash starting to pick up and set your limit order to How much you hope to gain from a quick one day flip take that 1/3 for your safety net and drop the rest on your next gamble. I'm personally using the above strategy with 3 safety net investments and a cheeky dance on the line between 2 competing tech giants. Good luck out there fellow rookies
$Golden Minerals(AUMN)$ I know everyone is dropping stock because we're waiting on more updates about the NYSE compliance. Remember people "fools panic and loose, a real warrior steps into the ring with calculated resolve". So where is our "calculated resolve"? Those tech giants at war with eachother. Their motherboards need gold, companies like this sell it to their factories. Now do yourself a favor and buy more stocks because it won't matter who wins the war of the EVs companies like this will still supply the raw material to the winners and loosers factories. So it's only going up from here.
So I've had an extensive play with the auto invest scheme and honesty only lost $ every time. Auto investment plans never account for the extra profits that can be made with the same time and effort it takes to set up. Here's how only buy when stock is low... auto investing will not doo that you'll be buying at open prices as they both rise and drop that cuts into your bottom line alot so don't waste your time auto investing invest in yourself buy research and better strategy planning instead. Good luck out there everyone
Replying to @Terry1989:honestly it caused a huge crash yes of this stock, yes i could get emotional about the temperary finacial gut punch this looks like... Or focus on gold and minerals still tend to bounce back sooner or later so im taking advantage of the price drop and buying more.//@Terry1989:what is your opinion now because of suspension from nyse?
@71nk4:$Golden Minerals(AUMN)$ I know everyone is dropping stock because we're waiting on more updates about the NYSE compliance. Remember people "fools panic and loose, a real warrior steps into the ring with calculated resolve". So where is our "calculated resolve"? Those tech giants at war with eachother. Their motherboards need gold, companies like this sell it to their factories. Now do yourself a favor and buy more stocks because it won't matter who wins the war of the EVs companies like this will still supply the raw material to the winners and loosers factories. So it's only going up from here.
after a lot of expensive learnibg curves for my first year of trading in 2024... yeah we all make the rooky mistakes. I'm looking forward to a successfull 2025 empowered with more knowledge. best advice i can give to newbies for 2025? Reaserch, crunch the numbers, reaserch again, check your maths, and keep your ear on the news. then place your investments, not going to promis youll always get it right. im a bankers daughter who got a little bit of legacy training and i still made a couople of expensive rooky mistakes. beating myself up about them gets me no where but depressed, same goes for you. When you make those mistakes no one coukd have taught you out of making. Understand we all needed to make them to learn its not just you. Reaserch why the mistake happenedand lift your h
its times like these im greatfull to my tarot cards i sold early thanks to their advice now im buying back in cheap. looking forward to the bounce back should be tidy profits in my future
$Southern Copper Corp(SCCO)$ As the Battles of the EV giants wages on. Once small commodities like copper and gold become the war dogs supplying all sides with the ammunition of conductive minerals for circuitry and wires. So with technology turning commodities into living essentials only industrial copper and gold seem to rise these days. Jewelers like myself are already setting aside there tools as gold continues to become harder to sorce as we compete with the tech giants. Well if you can't beat them join them I say. Pair your copper investment with a few tech companies already buying it out and both investments rise. Remember don't panic if you bet on the wrong tech giant, their competition still paid our trusted war dog for
many countries economies are still crashing from the covid erra. yet usa is obviosly already bouncing back. this years anual pull back will probably look alot different to past years because of this long term covid effect. I imagen alot of oitside of usa citizens are looking to take full advantage of the minni dips created by the anual pull back, changing alot of the usual trends. I myself have decided not to pull back because of this theory expecting; smaller dips, less reinvestment opertunities, and a later spike in many of my current investments. be interested to see if my theory comes to pass in the next 2 weeks.