Investing - The Stock Market and Currency Trading

lemart5 · 01-26-11, 12:41 PM

My best advice to you is to take your money and let a firm manage it.That way you dont have the hassle of having to do the leg work of investing.

ClimbSomeRocks · 01-26-11, 12:58 PM

Originally posted by lemart5

My best advice to you is to take your money and let a firm manage it.That way you dont have the hassle of having to do the leg work of investing.

My thoughts were to take an up and coming business or technology that I expect to expand greatly, and buy some stock in it.

noties · 01-26-11, 01:02 PM

buy monoplies

electric and gas companies

they will never go out of busines

lemart5 · 01-26-11, 01:04 PM

Originally posted by ClimbSomeRocks

My thoughts were to take an up and coming business or technology that I expect to expand greatly, and buy some stock in it.

It all depends on how risk averse you are its looks like things are turning around in tech and financials I would be in the ones that pay a nice% dividend .

jjgold · 01-26-11, 01:13 PM

Worst thing you can do is let a firm manage it, all these puns do is trade to get massive commissions off your money and most of them have no clue what stocks are good

Long term blue chip stocks onlt

Currencies are ok if you only follow a few and sit in front of a pc 24 hrs a ay

mindtrix · 01-26-11, 01:25 PM

trade big commodities.
"bulls make money. bears make money. pigs? they get slaughtered."

GemSportsPicks · 01-26-11, 01:25 PM

JJ is right don't let firm manage it they have no idea what they are doing... I've got good one for you by EMMS... Emmis communication owns a bunch of major market radio stations... Jeff Sumuylan the owner had a deal in place where he was going to buy his company at 2.45 a share and take it private... The investment firm that was going to finance the deal backed out at the last second, This sentthe stock in a downward spiral all the way to .45 cent, it popped back up to around 1.30 2 weeks ago and has now settled in at .97 cents. If you are long term player buy now, and just hold, new of another buyout which will indefinitely happen will pop it to 1.50 range... If you are short term guy and looking to scalp it (This is what I do) buy it around .92 cent then get out between 1.03 and 1.10, then buy back at .95 then out over a dollar, repeat this for as long as you possibly can. Always roll your profits back into your next purchase, that way you bankroll grow expedentially.

lemart5 · 01-26-11, 01:27 PM

Intel stock has paid alot of bills for me.

ClimbSomeRocks · 01-28-11, 11:51 AM

Originally posted by GemSportsPicks

JJ is right don't let firm manage it they have no idea what they are doing... I've got good one for you by EMMS... Emmis communication owns a bunch of major market radio stations... Jeff Sumuylan the owner had a deal in place where he was going to buy his company at 2.45 a share and take it private... The investment firm that was going to finance the deal backed out at the last second, This sentthe stock in a downward spiral all the way to .45 cent, it popped back up to around 1.30 2 weeks ago and has now settled in at .97 cents. If you are long term player buy now, and just hold, new of another buyout which will indefinitely happen will pop it to 1.50 range... If you are short term guy and looking to scalp it (This is what I do) buy it around .92 cent then get out between 1.03 and 1.10, then buy back at .95 then out over a dollar, repeat this for as long as you possibly can. Always roll your profits back into your next purchase, that way you bankroll grow expedentially.

I like this idea. Maybe put 10% of your profits aside so that your BR can still grow exponentially but if the market happens to crash, 9/11 or some disaster, you still have something to show for your work.

What website allows me the cheapest investing? I'm a small player, bankroll under $500

sonyman · 01-28-11, 11:58 AM

I think you need to wait until your bankroll is bigger. Commission will eat up your profit.

Dark Horse · 01-28-11, 12:16 PM

Originally posted by ClimbSomeRocks

I've had a lot of success in the past with advantage gambling. Both with counting cards in blackjack, and also once I found SBR, in sports handicapping.

I think that using market indicators, and doing research that is very similar to sports handicapping, one could Invest through the stock market and/or currency trading with similar success.

The reason I quit playing blackjack, was because a 1% advantage wasn't returning enough on my investment, especially due to (negative) variance. I've found that handicapping returns are much greater, and with proper bankroll management and research, we are playing with greater than a 1% advantage.

Does anyone have experience with this, or have somewhere I can get more information on how to play the stock market profitably?

1) Develop an edge. Without an edge, you have no shot.
2) On top of that edge, buy low and sell high. That's a tremendous added advantage in stocks and real estate that sports betting rarely offers.
3) Try to leverage your bets. Example. If you buy a house you only put down a small portion of its value. But if you make a profit, it's all yours. Another big advantage. Stock market went here with options, but unfortunately created a labyrinth that is much higher risk than real estate.
4) Study the dark side of the stock market and financial system. You need to understand what's really going on behind the scenes. You may be shocked to find out, but it will strengthen your position and ability to predict.

Personal background. I was never interested in the stock market, but a multi-millionaire friend challenged my assurance that I could unlock it. I locked myself away for a year, studying only the stock market. After the year I had my edge. I demonstrated it to my friend's broker at Morgan Stanley, by way of experiment, e-mailing him every trade prior to making it. In five months I tripled the bankroll assigned to me. I terminated the experiment two weeks before the stock market crashed. I thought he would be greatly interested (a 200% profit in five months measures up very nicely against the 10-20% annual profit that is the standard of excellence in that industry). But he was not. I believe he thought I had made too many trades. So now I just use it for myself, instead of trying to help people with their pensions. lol Of the three fields I mentioned, - sports-stocks-real estate-, sports betting is the least profitable (for the work involved), but it's also the most fun. And the world of stocks is easily the most corrupt of the three. If you go in blindly, without understanding 4), chances are they will clean you out.

tenbas · 01-28-11, 12:18 PM

ClimbSomeRocks, 500 $ is way too small to even think about entering any financial market. Like sonyman said there are minimum provisions that will eat up your profits. Besides, you can't really do anything with 500 $ if you have good bankroll management. And by that I mean less than 2% ob bankroll per trade. A lot less.
Why? Because if you wanna be long-term succseful you need at least 10000 $ or let's say 5000 $ for starters. And you won't be able to handle the psychological pressure when you have bad days.
And I hope you know a lot about fundumental analysis, technial analysis and so on. If you are entering the markets just to try them and maybe earn something... you might as well send me a check

And if you already do know something about market indicators you might wanna try Demo Account at some broker. And if you've never done this before with real cash - seriously, DO NOT just enter the market, you WILL get burned.

If you already know all this stuff just ignore this post and take my apologizes.

ClimbSomeRocks · 01-28-11, 01:41 PM

Thanks for the help guys. Probably saved me some money. I'll stick with exploiting sportsbooks that offer weak lines