idhealt.com – I have more than once come across people who have suffered heavy losses in the stock market. Usually I ask, how can this happen. The answer we often hear is because we follow stock recommendations.
We think people who recommend a stock are not wrong. But usually people who follow, or want to buy, who experience errors in the pattern follow that recommendation.
The question is, how do you follow stock recommendations so that you can earn money? We share our experiences in following the recommendations.
Easy Stock Recommendations Found
Currently to find a recommendation to buy a stock is not a difficult matter. Starting from wa status, social media status, especially online websites also add recommendations for other shares to be purchased.
We are also among those who have a pattern of buying stocks after seeing the recommendations. Anywhere, whether in the Newspaper, in the app, in addition to other considerations. Because one of our principles, choosing between 800 stocks is very difficult.
Read also : These Are the Terms in Forex Trading For Beginner Traders!
So it’s better to get recommendations, maybe ten, then we will sort them out one by one. That’s our process in sorting a stock with the tactics we have described in this link.
Error Following Recommendations
Indeed, one thing that is sometimes sporadically understood is that the recommender often already owns the recommended stock and buys it at a lower price. Especially for stocks that are hit and without mentioning the purchase price.
The characteristics are limited to just mentioning the nickname of the stock. For that we think it is quite dangerous. Don’t be so sure. Usually we are stuck at already high prices. This is the first mistake.
The second mistake is not understanding the style or how the recommendations are used. That is, if the one who recommends a trader, of course the stock has a function for trading. Not for long term storage.
Even then, trading must be seen from the trading style used. For example, he is a day trader, so you have to use the shares he bought for the day. If he is weekly, then it should be used for weekly.
In contrast to scalpers, where shares are bought for use within a period of hours only. Being you when you buy it has to wait within a period of one to more than an hour. After it is sold.
There are others who recommend this type, MPMX buy 1.300, sell 1400, stop loss 1200. This means that unless the price goes down, then you have to sell at a certain price. Don’t leave it alone.
Likewise, when the stock goes up, even if it only goes up by a hundred rupiah, it still has to be sold. Cannot be saved. Because if it is stored there may be down inside. Be observant to watch each recommendation.
Read also : How to Invest in Banks easily and practically
Except in different newspapers again. Like suppose I read the Investor Daily newspaper. Usually gives a recommendation like this PBSA the current price is 300, the target is IDR 350. There is nothing wrong with this recommendation, but reading it should be great.
First, this is no timeframe. The shares are valid for up to Rp350, but it can take up to six months, one year. You must be patient. This is not for traders.
Even when the stock is going down, that’s normal, because it will rise again taking into account the fundamentals. It becomes necessary to take a good look at how the nature comes from the recommendations given.
How We Use Stock Recommendations
whereas we usually get recommendations from stockbit and an application called emiten.com. Both are adapted to our characteristics of buying stocks for a monthly period.
For stockbit we choose to come from people who are fundamentalist type. Usually they add a recommendation with a reason why this stock should be bought.
So when we get stock recommendations from each, we collect them as one. Suppose there are 10, then we make a table to examine the best basics, the cheapest prices, plus the lowest technicals.
We research one by one so that there are no fatal mistakes. Because it is not certain that the recommendations given are valid. If it fits. Then we beach three stocks. We examine his mobility for several days, let alone weeks.
When you feel okay, click with the stock. Then execution. The way we execute a stock can be read at this link. Hopefully this info from idhealt.com is useful.
