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COVID-19 Trading

Discussion in 'Beginner's Lounge' started by evangeline19, May 20, 2020.

  1. evangeline19

    evangeline19

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    Hi guys! I am a newbie in stock trading. I would like to ask for advice on trading during COVID-19. What is your strategy and tips that you would offer to newbies like me? Thanks in advance for sharing!
     
  2. tech/a

    tech/a No Ordinary Duck

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    My Advice would be dont trade.
    Use this time to learn how you intend to trade
    then re search how you'll define an opportunity.

    A rising tide floats all boats and until that tide
    returns by way of Treatment or Vaccine.
    The markets are going to be very difficult to
    trade for "L' &"P' platers
     
    qldfrog, Garpal Gumnut, Skate and 2 others like this.
  3. Dona Ferentes

    Dona Ferentes

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    10+% movements in lots of companies INTRADAY.

    Huge gaps up and down from one day to another.

    - good luck
     
    qldfrog and Skate like this.
  4. macca

    macca

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    IMO at the moment you would be just gambling, the professional traders with years of experience are nervous, you would just be cannon fodder.

    They sit there all day watching the news feed and the sentiment, they are in or out before you even know something has happened.

    The Market is a very hungry beast, newbies are most welcome, fresh meat..............
     
    qldfrog, tonyparis and Skate like this.
  5. Skate

    Skate

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    Hi @evangeline19 welcome to our community & as you have already been given sound advice please let me put my hat in the ring & re-quote what I said only moments ago in the "Dump it here" thread, a thread dedicated to you & other first-timers. "the worst affected are those who are randomly speculating without a sound trading system" the post can be found here: https://www.aussiestockforums.com/posts/1073340/

    The "Dump it here" thread
    It's sometimes daunting finding your feet in a new forum but till you do "make the search feature" your best friend. I'm always suggesting new members should check out the "Dump it here" thread: https://www.aussiestockforums.com/posts/1005967/ & at the same time check out this post "how our mind deceives us": https://www.aussiestockforums.com/posts/1005968/

    My Free ebook (ePub format)

    My free eBook will answer most of your questions & some - it’s been written especially for you & can be found here: https://www.aussiestockforums.com/posts/1014728/

    What's trading all about
    The answer can be found here: https://www.aussiestockforums.com/posts/1040134/

    Best of luck & enjoy your time looking around & don't forget to make the search feature your friend...

    Skate.
     
  6. tech/a

    tech/a No Ordinary Duck

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    Most of those moves are taken up at open
    So getting on a decent trend during the day is pretty hard.
     
    qldfrog and Dona Ferentes like this.
  7. Garpal Gumnut

    Garpal Gumnut

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    Very wise advice.

    gg
     
    qldfrog likes this.
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