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Do Less And Make More Money
Welcome To The Long Wealth Newsletter. It is Darold from Long Wealth Capital.
In today’s newsletter we will go over:
The Undervalued stock pick for the week
How to make more money in the stock market doing less
And much, much more.
Undervalued Stock Pick Of The Week
My stock pick of the week is Alibaba ($BABA). BABA is quickly reclaiming the highs of 2 days ago. HSI rallying 1.6% after hours.
China even banned short selling. This news along with the continued stimulus + bullish price action for China stocks.
Do Less And Make More Money
There’s one concept that has helped me excel my investing career and it’s:
“Less is more”.
When I was had 2-3 computer screens and was doing options trading, I was doing everything and anything to make money in the stock market.
Every technical indicator you can probably think about I did.
Yes I was making a lot of money, but I also lost a lot of money.
The constant stress, and anxiety was unbearable.
It felt as If I was walking on a thin line trying to survive in the market. It was an emotional rollercoaster happening in 30 minutes.
It wasn’t until I stopped everything and actually REMOVED everything that I didn’t like.
I stopped doing options.
I stopped doing complicated indicators.
I stopped constantly looking at the markets.
And when I did all of that…
I started making more money..
Moral of the story is, you don’t need more.
Sometimes you need less.
Keep it simple and go make some money in the stock market.
Darold
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