In addition to my online business, I'm also in the process of setting up an offline business and I do stock trading as well. I've discovered that I really love trading stocks, and I'm getting pretty good at reading what's going to happen and when to get in/out. What about you guys? Who else trades stocks? What size is your portfolio? I've got a small portfolio right now, very low 4 figures, but that'll be going up soon. The market we're in right now is beautiful, most people are panicking and selling which is making everything drop. A smart investor loves this type of market, after everyone's done selling and panicking start buying and watch yourself gain upwards of 100X's your investment when the stocks recover.
do you like trading short or long term? Can you tell me briefly about your portfolio? I love trading, but i'm a newbies right now. Can't put too much investment.
The market is in gradual descent, I won't say it is panicking at the moment, it is in a bear market officially. But I didn't see any panic for eg 10-20% drop in a single day. I am out of the market, won't be entering, I still believe there is a lot of room to go south.
There were people making money from the stock market even during the Great Depression. I enjoy short trading over long term by far. It is a bigger risk, and way more stressful, but if done right the pay out is huge. With the right starting amount, and accuracy of picks you can make much more a day trading than you can from the internet. I hit big a couple months ago with a stock called "FUQI" (I wouldn't recommend it now). I bought in at like 6.30 or so, with basically all my money then sold at around 11. It was a big risk, and I doubted it severely at times, but it paid off.
Right now I mostly do long term investing, but I'm also interested in the short term quick movers. I've got a number of different stocks right now, the key is to diversify. I've got some mining stocks, energy stocks, alternate energy stocks, financial stocks, and software stocks. I actually made 1% on my entire portfolio today. With regards to the financial stocks I'd say it's a panic, some financial stocks are over 1/100th of what they were. It's beautiful.
I have been trading in stocks for the last four years but became inactive when the market tumbled down with my portfolios intact. Waiting for it to go up to become active again. Stocks offer good scope for intelligent and long term investors. I give tips about stock trading in my stock blog
That's an awesome return, I haven't had a stock do that yet. FUQI doesn't actually look that bad right now, there stock is all over the place but that's because they are a really small-cap stock. Those types of stocks are usually volatile. From there co. profile. "engages in designing, developing, promoting, and selling precious metal jewelry in the People's Republic of China." That sounds interesting, China is growing enormously and as it gets wealthier people will be spending more on precious jewelry. Their earnings have more than double in the previous year, and their stock is under valued right now. China is also expected to be the top consumer of jewelry by 2010. I would look into it more before buying, but on the surface I like the look of FUQI as a long term hold. I just might buy that one.
Someone from Canada would say that! JK. I'm staying away from financial stocks at all costs, all though I get tempted to short trade one every now and then. I would keep a eye on Electronic Arts (ERTS) for a decent cash in over the next month or so. They have hit what might be a bottom when you look at the year chart, and the release of Madden 09 next month will probably give it a surge.
It was a very frustrating stock, because of it's up and downs. Their total revenue doubled from 2006 to 2007, and is on pace to double again this year. I'm always watching it to see what it does, I don't want to buy in to high. Also keep an eye on Gold prices, it changes the price of FUQI a lot. Depending on the chart I would buy in anywhere from 6-7.5, I think it may drop that low again. BE VERY PATIENT, when you think it's going to do one thing, it does the opposite.
I was considering stock trading, but with the market being the way it is over here in the U.S., I decided against it.
I am interested only public issue form. I do not like trade online. It is risky. I do not want to take any type of risk.
Life is a risk dude. You have to learn to cope with loss also. I see loss as an incentive to do better.
No risk, no reward. I assume you're on this forum because you want to make money; you want to be a businessperson. Businesspeople take risks, albeit calculated risks. If you never take a risk you'll never get anywhere in any type of business.
I just learning the techniques of technical analysis - I tend to be swing trader medium-term. I use books of Alexander Elder.