30 m new investor
My secret strategy: buy high, then either sell low or just keep watching the price to go up again😎
I started investing at the beginning of this year. The biggest mistake I made was buying silver through the iShares Silver Trust (SLV) when the price was high. When it dropped, I didn’t sell and I still hold it. The loss is about $350 USD
plus I didn't know its not halal so I'm just waiting for the price to go up again and just get my money back
The second company is Agnico Eagle Mines (AEM), and the loss there, as shown in the picture, is about $500 CAD.
My problem is that I find it difficult to identify halal companies and the right timing to buy. The main reason for these losses was bad timing when I bought. I didn’t realize it at the time. What helped me recover a bit was buying oil stocks, which recovered about half of the loss.
How can I improve this? And is this a mistake that everyone makes, or is it just a lack of knowledge on my part? I was following the news closely, but market prices move before the news comes out, so the decisions I make end up being wrong.
Iwas thinking to buy CSU /SNDK/WDC/MUA/ AVGO/ADBE but need your advice should i do it or wait for
Kevin warsh Bec maybe something crazy gonna happened