Im pretty new to stock trading, in fact, I just did my first deposit and I plan to slowly trade with it and make it grow, I have quite a lot of experience in Forex swing trading and I planned to do the same in stocks, I heard a lot of people just DCA when position goes against them and Im not sure if this is even a good idea (But to be fair it was one of my initial plans)
My initial idea was to find undervalued stocks (Ha, I don’t even know how to search for them) Purchase them when criteria aligns and DCA when criteria happens again if it kept going against me (which could mean waiting weeks or months for another entry) and add to positions in profit without adding any risk by protecting the new positions (In the same way you DCA and exit at breakeven when position recovers but in the opposite way…) The whole idea is not to just let losers run and cut the winners but also let the winners run and even add positions to them, to even a bit the balance…
I have some questions…
Just by technical analysis can you make profit on long term positions? If no, what usually people look appart ok “trusting” or “hoping” this specific company will perform better in the future?
is there any good material looking for long term investment strategies? Is it just better to invest in an index and forget?
How usually people find good stocks or undervalued stocks? Basically opportunities to buy? Just by reading forums / news? Any good training about that?
Any feedback appreciated and thanks for reading.
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