3 Ways I Stay Educated About Investing After Years of Learning
In a lot of ways, being an investor is like being a surgeon. Both require a great deal of precision and caution, balanced with taking calculated risks that are either life and limb or bank and bust. Of course, being a surgeon takes a lot more schooling and involves a lot more blood.
But when I speak to my doctor friends, I notice another overlap: the need to constantly keep re-educating yourself in order to stay at the top of your game. In both fields there are new techniques, new studies, new analyses to stay on top of. A good surgeon, much like a good investor, never really takes time off. That’s why they demand, and earn, so much respect.
After years of trading, I felt I needed to get creative in order to keep learning. Of course, I give the deserved time to newspapers, webinars, TV shows and the like, but these following methods are how I stay invested in learning about investing.
1.Prop Trading
Why take big swings with my own money when I can better learn the markets while using other people’s money? Yes, the take is smaller, but the risks are mitigated, leaving me in the clear if something goes wrong.
Personally, I use
I’m then able to put the riskier strategies into action on my own portfolio. The true definition of a win/win.
2) Learning Analytics
I should note, before I go any further, that I’m not a computer person. I know how to do all of the basics thoroughly, but I’m an absolute goon when it comes to anything involving programming or algorithms.
That’s why services like
On top of that, Chaikin Analytics offers streamlined newsfeeds, morning bites and in-depth editorials to help keep me informed.
3) Engaging With A Community
The beauty of the internet is how available the world becomes once you power on your computer. That’s why I encourage all of my investing friends to use sites like StockTwit, Twitter and the Score Priority Club to create an active dialogue with other traders.
Trading from home can become an incredibly insulated experience. And that can lead to an echo chamber of thinking. And that can lead to stale trading.
Build a community of your own to keep your learning alive.