Trading Stocks

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  • EaglesPhan36
    SBR Aristocracy
    • 12-06-06
    • 71662

    #1
    Trading Stocks
    Any of you sick bastards doing this still? I am just dipping my toes in for a couple with advice from some friends with investing experience. Only got about $5 grand invested total.

    Man you wanna talk about roller coaster rides on a daily basis. Stocks definitely get the old wang in an uproar. Worst lows and better highs than sports ... the benefit for me being that I can't chase shit. If I'm losing, you just sit on it and hope it turns around or cash out a loser. If it's winning, you can always cash out early.

    So uh time's yours if you choose.
  • SBR_John
    SBR Posting Legend
    • 07-12-05
    • 16471

    #2
    I've added over the last few days. Ive got a few stocks that im holding long term that have been crushed. So yea, not sure when we see the bottom but every few months i'll add a little.
    Comment
    • accuscoresucks
      SBR Hall of Famer
      • 11-03-07
      • 7160

      #3
      Originally posted by SBR_John
      I've added over the last few days. Ive got a few stocks that im holding long term that have been crushed. So yea, not sure when we see the bottom but every few months i'll add a little.
      the old dollar cost average trick]

      i love SUZE ORMAN i have learned alot from her
      Comment
      • EaglesPhan36
        SBR Aristocracy
        • 12-06-06
        • 71662

        #4
        I've learned in my brief time in the market - that watching that douche bag Jim Kramer is a good way to buy in cheap to stocks if you choose. That guy seems to be a stock killer as soon as he says he likes something.
        Comment
        • ShamsWoof10
          SBR MVP
          • 11-15-06
          • 4827

          #5
          Originally posted by EaglesPhan36
          I've learned in my brief time in the market - that watching that douche bag Jim Kramer is a good way to buy in cheap to stocks if you choose. That guy seems to be a stock killer as soon as he says he likes something.
          That guy is a great fade...

          Comment
          • RageWizard
            SBR MVP
            • 09-01-06
            • 3008

            #6
            I'm up to my neck everyday with stocks, and now is an excellent time to buy in for a short term (1 to 2 months) investment. The financials have been beaten down like Rodney King in a crosswalk, and nobody wants them so now is when you need to buy them. Earning season has started and the hype machine will kick in that will cause a rally in the market off the lows for the year. In a couple of months it will fall apart and we will eventually reach 10,600 like I said way back in Jan.
            If you are just getting into stock trading please learn your shit before jumping in. The market goes up and down and you can bet a stock goes either way so when the market is heading south like it did for the last couple of months, you need to short and make money that way. This year has been great believe it or not just because the market has fallen apart 3 times already and catching the big swings has been pretty predictable if you DON'T listen to anyone and just look at the charts.
            Comment
            • jjgold
              SBR Aristocracy
              • 07-20-05
              • 388179

              #7
              The market is like sports just too unpredicatable, safest two ways to invest are long term blue chips or buy calls or puts and leap contracts.
              Comment
              • Bet Shooter
                SBR MVP
                • 05-02-08
                • 1118

                #8
                Originally posted by jjgold
                The market is like sports just too unpredicatable, safest two ways to invest are long term blue chips or buy calls or puts and leap contracts.

                These are options trading tools and I don't think these can be considered a safe investment. Blue chips are for widows and orphans, small returns, usually a divided, but they are safe.

                Don't invest in ANY market system in the world, unless you have a PROVEN edge. If you don't know what your edge is, then you don't have one.

                Tips are for the waitstaff. Please don't listen to tips from anyone. They very seldom pan out. You can have the smartest trader in the world telling you what to buy or sell and you can still lose. Why? The markets are changing constantly. Good traders can change their view 180 degrees in a second. That person isn't going to be around to help you with getting out of the trade that they got you into. Unless you are standing by them 24/7 and mirror evrything they do, you will not have an edge.

                A solid and proven LONG TERM strat for the stock market only is:
                Buy Small Cap stocks priced under $10 with low debt and lots of cash!!! You find these companies and invest in them during the right overall market climate and you will do fine over the long haul. Doing this over your lifetime will have you positioned well for an early retirement, (if you can start early enough.) Market climate is important too. You need to have the best stocks in the best upward trending market and you will prosper. Just like horses. If you have the best horse in the race you want him in good weather too.

                Remember there are two sides to the market. You can make just as much money on the short side of the market too. Find the Small Caps with lots of debt, no cash and a declining market climate and you can short those for the same types of returns. The only down sides are learning to deal with an occasional margin call and you can't short a stock on a down tick. This keeps the shorts from gunning for the stops below the market for a quick return.

                My Two Cents
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