Do you recommend trading in the stock market?

I experienced to be a full time trader in Philippine stock exchange in late 2013 -2014, every trade is a deeper analysis of stock. I used to wake up early in the morning around 3:00 am due to time difference from Norway.

The truth, it was a great adventure but lots of effort and hardwork to earn from each trades. It is a mindset game. I received a lot of question, if I still doing it "Nope" because I move to a Family life in UAE. I shift focus now and created a different strategy.

Do you recommend trading in the stock market?

My Answer is NO with "IF", why?

First, Time. You need to check if you have enough time especially if you are working as an employee. It is not possible to hide in toilet just to check your portfolios.

Second, Knowledge. If you don't have knowledge in technical analysis, then it will be a waste of money. Chart and indicators will not work in a bearish market or in a downtrend. Indicators will always show an oversold condition and a buy signal in which can push you to buy and be "IPIT".

Third, Volume. If you don't have enough volume, it's not worth it. At least 6 figures capital in each trade. It should be an extra money not needed for a short term.

If you have the "IF" time, knowledge and volume then "YES". Enjoy and have fun.

What do you recommend as a strategy for 2016?

Long term or value investing. This is the right time to pick a stock that is undervalued and can give potential returns in the future. Be cautious and don't follow anyone instead follow your heart.

Sincerely yours,

Jonathan Ruiz
NEWBIE Mentor

P.S. We recently launched a budgeting app available in iTunes and Google Play, your 5 star ratings and download will be highly appreciated.https://play.google.com/store/apps/details?id=com.ps.iprosperapp

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