New to Trading; Need Advice

[DrWes31]

Hello,

I am a 19 year old college student and have a considerable amount of free time on my hands. I decided to start teaching myself about trading and the market. I have read a great deal about starting out trading and the art of swing trading. However, I was wondering if anybody had some advice such as the most important piece of advice they have ever received related to trading.

Thanks

 

[chike_dev]

it is my advice u trade small each day as u re a starter ,also get a daily limit to your trade ,that set a trade boundary.

 

[JakeF]

Hi, from everything I have been learning about trading and investing I would say that one of the best pieces of advice is to have a strategy in place to manage your losses. People tend to hold on to losses for far too long in the hope that they will return back to their original price. You may want to consider using a stop loss order to minimize any losses.

Hope this helps.