Stock Market For Newbies: 8 Tips You Should Know (4 of 5)

6. Avoid short-term trading

Unless you have extensive experience with investing, short-term and day trading are almost always going to lose you money. After all, you’re competing against the most skilled investors who are using the most powerful computers.

7. Think long-term

Look at your portfolio on an infrequent basis. It’s understandable that newbie investors might be curious and even enthusiastic about keeping up with the daily news cycle. However, this is not a good idea since it can quickly turn into an obsession and cause a lot of stress. Stay focused on the big picture: the purpose of your portfolio is to gain money over time, so short-term performance is irrelevant.