Stock trading is not easy, but it is a passion of mine. I’m a buy and hold investor, but even people that buy and hold have to reposition their portfolio from time to time. There’s so much to learn, whether you are buying and holding, swing trading, day trading or a little of everything. What is your approach as an investor?
Initially, I ramped up as an investor to take on quite the sizable portfolio. I subsequently looked into other types of investments as well, including digital currencies and global currency pairs. I also was in the process recently of setting myself up with an SEP IRA. I decided that I was going to talk about much of my investing experience on my website, too.
Since then, I have retooled in major ways moving forward, planning some big things. I have been an investor off and on for years, but it’s time to step it up to a whole new level. I’m in the process of repositioning, and then I’m going to start publishing monthly portfolio updates. I have taken notice of how others handle their portfolio updates, and that is what I want to do.
Some of my investments will be trades, while others are going to buy and holds. Any type of stock trade interests me, but it is very easy to get burned as a day trader. You might say well you can just hold the stock until it is profitable. Yet stocks don’t always go up eventually. At some point, you could have to cut your losses. And the lens you use as a day trader is different than what you use as a swing trader or buy and hold investor.
Therefore, you can get yourself into some pickles if you plan on day trading stocks. Just keep that in mind if you play to be a day trader yourself. My philosophy is I want to build. I want to keep publishing portfolio updates. Right now, I’m planning the next big update after growing as an investor, learning more and repositioning. Then I will publish monthly updates as mentioned.
No matter what type of stock trading you do, you want to make measured moves and grow your portfolio. If you are passionate about investing, the moves seem to find you, don’t they? That’s what I’m talking about, and it’s going to be fun to make money as an investor.