VXUS Reddit Mentions | ChartExchange

Stop searching for a superfluous youtube guru they are a waste of your time.
Over the next year or so, while you’re learning to trade, invest. DCA (dollar cost average) into VOO and VXUS. You will be creating the start of your core holding.
This is your buy and hold strategy that you will continuously build over your life. Learn to use direct deposit and choose a percent of your income to directly transfer into your brokerage account to purchase these
choosing a zero fee brokerage it’s important. I personally like schwab, but have fidelity and vanguard as well. i do not recommend vanguard i have it from an old job.
I have never used youtube or a guru to teach me anything. I didn’t read books or have a mentor. You’ll find you really do need to do the research and learn for yourself becuase everyone trades differently. So, there’s really very little “blanket advice” that works for all types of trading.
I’ll recommend what worked for me, but the lessson is to follow what speaks to YOU. What intrigues your mind as you start learning and what makes you feel like you want to pull your hair out. Follow your instincts and what “clicks”
I advise starting with investing then moving to position trading, then swing trading l, then potentially intraday swing trading, then day trading. BUT that is only because candlesticks speak less to me and my trading style. I don’t like to predict the market as much as have a plan and react to it.
This is a huge point of contention with traders, but when trading (not long term investing in an etf like voo) at least at the beginning, use strict risk management. Like keep your investments in a completely separate brokerage account and use a small percent of your total savings and investments to trade in a sep account l. that way even if you make mistakes and “blow the account” you haven’t actually blown your entire net worth. Just a small percentage that you chose ahead of time and recognized you would be okay to lose.
Never trade anything you’re not okay with losing. This will result in panic and mistakes. in the beginning idk only trade with 1 or 2% of the trading account amount on each trade. Once you prove your concept, you SLOWLY scale up.
if no one has suggested it, absolutely use investopedia.com on desktop. use their education and learn sections they’re free and have short educational videos with no fluff. Take notes. This is where you’ll start to see what speaks to you.
you should also have a normal savings account built before you start trading because otherwise you’ll be forced to sell investments to cover personal and emergency costs.
For reference, I’ve been investing around 15 years, position trading and swing trading came later for me around 7 years ago position two for swing education and am currently up 29% ytd in my trading account. I do not get that every year, this has been a good one. But I do set meaningful goals and achieve them every year, like trying to beat the snp 500 significantly.
When I started making trading goals for myself i wrote down my rules and actually found that setting monetary goals instead of percentages helped me. like try and make $5 a day. 252 trading days in a year times 5 that’s over $1.2k
in a year and you could make that with a relatively small amount of starting capital.
Right down rules as you learn and always reference them before making a trade