Pigs get fat, but hogs get slaughtered. Okay - it is sounding like everyone here is investing/trading using fundamental analysis - any technical traders?
I trade a little bit through Scottrade and I like them, I try to buy internet website companies like communication among others that are traded OTC. The member "wormser" here is a big penny stock trader, and I know he makes great money.
Anyone here watch Jim Cramer's Mad Money? As a somewhat new investor I find his show entertaining and educational as well.
Hey LinkSales - do you ever look at chart patterns? I would love to get some feedback on this article I wrote this morning -> Using Correlation to Find Chart Patterns
Good article, Im not into chart patterns as much as I am indicators like the RSI. However I do add candlestick patterns into my trading. For me its pretty much the RSI, 50, 100, 200 day MAs. Works fine for what I do, RSI for divergence and the MAs as support coupled with some trendlines. Its led me to some really good results over the last decade.
Thanks for the feedback - I plan on doing more with "standard" technical indicators as well as new stuff. Let me know if you have anything you would like me to write about.
A nice article but you never finished it...you need to say why a head and shoulders pattern is a reliable pattern to trade, you need to show a target as to where to take profits, and why that is a valid target. And probably most important in this market, do the same thing with an upside head and shoulders. People are looking to go long at the moment. Head and shoulders are quite good to trade but can be very subjective, ie what is and what is not a head and shoulders. Some can look pretty obtuse but are still valid.
Thanks for the feedback - you are correct, I am not done yet. I am more interested in the pattern detection - not what people do with the found patterns - that is totally up to them.
I invest in the stock market as well. Most of my holdings are in mutual funds, but I do have a small stake in some individual stocks. Just sold my stake in one company yesterday as it hit my target price. Coincidentally, before seeing this thread this morning I was doing some research to look for a replacement for the one I sold. I've seen a few interesting picks in the energy sector that I might purchase. I just need to do a little more research.
AAPL sure has had a nice run this week after news was realeased about WIN XP running on their newer machines. Anyone other than digitalpoint in this stock?
i trade a lot of stocks before daily, but i lost way too much, plus i got screwed with US and canada conversion rate
I trade options rather than the shares themselves, I like the leverage. I guess I'm just a risky trader... forex and options for me. I like forex much more, things are much more smooth.
I invest regularly in stocks and I usually get good returns on my portfolio. I have not been all that successfull in day trading. But swing trading and investing for 6-12 month periods works for me. Steps I follow rigorously: 1) Use a specific strategy. No blind investment just because somebody said so. 2) Decide on the expected returns beforehand. Usually 20-25% 3) Decide the stoploss beforehand. Usually 5-10% 4) Implement stoploss if the decision is wrong. Sell when the stock reaches target if the decision is right. Sounds simple. But most of my losses were when I didnt maintain this discipline
mee too i trade stocks alot.. daily trading.. n i luv that i made a loss of Rs.65000 in 6 months i.e. almost $1500 still i'll learn that way..
Sorry, I hope you don't think this is spam... If you want to test a bit how the (global) stock market works without losing real money you might want to try tradeOver [ http://www.tradeover.net ]: it's a (free) stock trading simulation that I developed with some friends - you have 1,000,000 USD to start with and you can buy stocks, world indexes, currencies, commodities. There are hourly, daily, weekly and monthly charts - the prize is "popularity" (a link to the winner's page is shown on the home page during the following period) If you have a web site we can also put up your own branded version of the game - but this is another story, if you are interested write me at In the meantime, I hope you'll have fun playing with stocks and financial markets - and I also hope you'll send me your feedback on our game... Cheers everybody!
im investor in indian stock market i dont play on daily basis, though i keep investing when the right time comes, returns are good depending on your timing, long term just great
It all involves so much. Did it for many years full time. I strongly recommend TA. So much to say on the subject, but honestly I don't talk about it any more. If you really start learning too much of the big picture it can turn you sour on the whole picture. So many different ways to make money in the market, even more ways to lose it. Keep in mind we have been in a bull market forever, no matter what some might say. I would also suggest hedges, shorting and paying attention to the overall market before going all long at one time. Most play long and all in, and way to many seem to love tops. Its a game, but its not. After years of trading it becomes so boring, its not even like chess any more. Its like playing blackjack, once you know what you are going to play and the odds its just a matter of doing it. It becomes unemotional at all really. good luck with it.
I would argue that it's more like playing poker. There's a lot of psychology involved. You have to try and read the masses and make a guess as to how they will move.