Approaching New Contracts

This post is going to be about my thoughts as I need to figure them out.

First, my current contract is $XLE, and ETF. As mentioned in yesterday's overall performance for a whole week; I’m realizing that trading ETFs might be my 'sweet spot'—they offer the structural stability I need while I’m still mastering my emotions." I like the stability of it, it feels a bit less risky – I know this won't always be the case, ETFs are still prone to volatilities at any point.

I mentioned that I'd start looking at other stocks and ETS to determine what to go for next. It's harder than I thought, I'm not sure on whether I should be looking at the news for guidance, companies I engage with in my everyday life, or if I should just take from the ETFs. The third option is something I'll do if I do another ETF in the near future. Who knows, maybe I'll do one ETFs and two component stocks of a given ETF. Sounds like a good idea to me, maybe risky but I like the sound of it.

I still haven't decided what to go for next, I know for sure I need to figure it out this long weekend. I'll be looking at news, think of anything that I think may be pushing the narrative for the next best assets aside from AI, oil, electricity. Once I've decided, I'll perform a thorough analysis to determine a good entry point.

I need to do some research on how to approach this piece, I don't want to aimlessly go for a random company, I want it to make sense. I want the decisions to be well thought out. So yes, this is a bit admitting that right now I don't know how to pick the right stock to buy or follow, but it is my goal this weekend, to learn how to do that. Exciting times!