How to Analyze Your Own Stocks
How to Analyze Your Own Stocks
bawean.eu.org - All decisions you make when buying and selling shares are your responsibility, because you are trading using your own capital. You also buy shares using a personal online trading account.
When you are profitable, you will enjoy profits in stocks. When you lose (cut loss), you are also fully responsible for your transaction. So all the trading decisions you make are entirely in your hands.
Many traders have problems analyzing stocks themselves, because the majority of stock traders are part time traders who have their own busy lives (main job), so they don't have much time to monitor and analyze stocks themselves.
On the one hand, there are also many traders who are lazy to do their own analysis (this is what I don't recommend).
Finally, many traders join premium stock groups to get real-time recommendations that can be immediately executed for trading. You may use this method. However, you still have to be able to analyze stocks yourself, because by analyzing independently, you can find out your own trading needs and the stocks that are personally suitable for you.
how to analyze self-taught stocks
For those of you who want to be able to analyze stocks on your own, especially those of you who are busy, so you have limited time for stock analysis, here are some ways to analyze self-taught stocks:1. Stock analysis at night or in the morning (before your working hours), or weekends
Self-taught stock analysis will be more difficult for those of you who have a busy office job. During working hours, you may not have the flexibility to monitor the market.
Therefore, you can analyze stocks at night (when you get home from work), in the morning (before you work), during work breaks or on weekends (when you have a day off).
After finding shares that are worth buying, you can set the purchase price and the number of lots you want using the Good Till Cancel (GTC) Order facility, which is to set a purchase price for the next 30 days. So you don't need to monitor the stock market all the time.
2. Prioritize stocks that are easy to analyze
With limited time, there are many stocks that you have to analyze. Therefore, it's a good idea to prioritize analyzing stocks that are easy to read with technical analysis.
3. Prioritize analysis on selected stocks
Still related to the second point, besides choosing stocks that are easy to analyze, I suggest you prioritize analyzing selected stocks.
Preferred stocks are good stocks and have the potential to increase / provide profit for you. By pursing stock options, you can focus and concentrate more on choosing stocks according to your character.
4. Use technical analysis that is simple & easy to apply
The trader's obstacle in analyzing stocks on a self-taught basis is choosing technical analysis. This is because there are many variations of technical analysis that you can use, so novice traders who don't understand a lot of technical analysis, are lazy to analyze stocks because they don't know what to do.
To make it easier for you to analyze stocks, use technical analyzes that are simple and easy for you to practice, so that you can analyze stocks on your own more easily.
5. Understand the sciences of stock analysis
An important point that you should not miss is that you must have knowledge of stock analysis (technical analysis and fundamental analysis). Many traders feel that they cannot analyze stocks on their own because they have not studied and practiced analysis for trading/investing, so that in the end traders only depend on recommendations/analysts.
So if you don't have basic stock analysis yet, don't ever be desperate to buy stocks. Trading activities will become easier to do on a self-taught basis, if you already understand the analyzes that you have to use.