First question can you tahan if your money drop?
Majority if people cannot tahan even if drop 1%. No investment in real life won't go down. Only asnb magically will make you not lose money. So come back to the question. What happen if your money decrease by 10%? Will you panic? Have you experienced it before?

For me I never sell and find it more effective. I add in every dip. Buy the F dip regardless if how painful it is.

By just holding on to my stocks I just 2-4x my money. No buying and selling involve. Buy once and hold it long term. Don't think of taking profits as it's a trader mentally.

If you really want to take profit, wait for your stocks to 2x take out original capital and leave the profit inside there to continue running.

I sell options on the side to generate extra 15-20%p.a

Go dump your money into s&p500. No need to think so much. Clearly you didn't do your homework yet despite me giving all the links for you to read.

You should not open Ibkr if you are not ready to invest. Remember even TSG have inactivity fees if you have less than I think USD1-2k. Of course if you don't mind losing money then just give free money to IBKR.

This post has been edited by Ramjade: May 26 2021, 06:22 PM

If you had read, you would have a rough idea on what to do.

I don't think you can read finish the links I gave. If you do, you have a rough idea.
Go buy the intelligent investor book (not very nice to read cause the person speaks in third person)
One up with wall Street
Common stocks and uncommon profit
The little book that beat the market
The five rules for successful investing
Howard marks memo and books.

To be truth I haven't read finished but read some of it halfway.

You can use better world books to buy them secondhand and they have free shipping. Use bigpay to buy.

But then again, I don't know if you should read more.

Well your account will be closed by 3rd month I think if you didn't buy anything yet and if I think if you have less than USD2k inside. Better check back

Opening account should only be done when you are ready to start buying.

This post has been edited by Ramjade: May 27 2021, 09:16 AM

You are just asking for trouble then. It's ok to follow for ideas but you need to do your own research. I get ideas from YouTube see their bull base and dig deeper into their financials.

If I am satisfied, I buy.

Until today I dont bother about technical analysis. Is nice to have but not a must have.

I buy when I feel is cheap or when there are blood in the streets when people are just dumping their stock. I never catch the bottom but near the bottom is good enough for me .

If you don't know technical analysis just DCA in. I hate DCA cause it's buying even when it's expensive. And I never buy when it's expensive. Sometimes no choice cause some things just keep going up and up.