 What's the best investing strategy for someone with under $1000? |
| I recently started buying stocks. After like 2 months I made one dollar...lol. I was wondering what the best strategy is for someone with like under $1000 in an account? I should mentioned trades ... |
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 Safest way to invest $766,000 Canadian..? |
Recently came into some money..
Where should i put it to save ?
I was told the banks will charge to much interest on it
any suggestions.... |
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 Why is it things are always priced with 99 f**kin cents at the end of it?!?!? |
Example, a video game for Playstation 3 is 44.99...but not just that, many other things. Is it greed? I mean why cant it ever be 44.00?????
Additional Details
Thats the stupidest garbage ... |
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 How can I turn my idea into a business? |
| I have this great idea and i think it will be a success but i have no clue on how to get ... |
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 P/E ratio - and EPS? |
| Can anyone give me an explanaition of these and what I should be looking for please...... |
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 Why do we even need a stock market? |
| Pardon my ignorance about stock markets and finances. I'm wondering why people rely so heavily on trading stocks? What if there was no stock market? How would that effect the economy?... |
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 Stock trading online question.? |
| Hi I am looking to start trading online. I went to scottrade because I heard they were good for new investors. But my account was denied due to the equifax report. I'm assuming its to do with my ... |
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 Which one is the best stock recommendation sites among these:? |
1) www.5paisa.com
2) www.10paisa.com
3) www.7stocks.com
4)www.equitymaster.com
or do you know any better website?? please suggest their names.T... |
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 I have $20,000 to invest in stocks....so which ones should I put my money in?? |
| I think I would like to divide my money between VISA stock (which will be out soon), Alibaba.com, and several others. Which ones do you recommend will do very well, and how should I divide my stock ... |
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Bernard | Day Trading? |
Anybody out there day trade as a full time profession? If so, how long and how successful have you been? |
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A nobody
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Basically I'm a position trader, however I will not walk away from a day trade. - You never get hurt by taking a profit.
Like any other profession, you must educate in what you are doing. What you'll really need is:
1- A written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself.
2 - Sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you trade/invest.
3 - A written money management program in place. Remember never invest 100% of your capital into any one security.
If all of the above is properly in place, you can come out of the gate, with never having a loosing year.
You don;t have to have 100% of the trades go in your favor, you can be right 60% of the time and make decent money, if your right greater that 65% your chances of making big money is very possible
There's no time limit, it depends on how hard you work and how quick you are in understanding what you are studying.
Like any other profession, you get no where with hard work and a very stern commitment
TO RON BARU - day trading is not scalping, there is a big difference. |
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The wise investor
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Yeah, have been day trading futures for a decade
Have been succesful - that's all I will say about that
... Technical analysis is essential., but have to understand the fundamentals that drive the markets
You can get into it yourself quite easily, barriers to entry are low, but the failure rate is high ... I see people come and go all the time in my office |
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toadyrock
 |
How do you make a millionaire out of a Day Trader??...................................
Give him 2 Million.. |
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WillyG
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I agree on the Steve Nison book, an excellent read. I'm not so much a daytrader, more of a short term swing trader but I make some day trades in there too.
I also agree that technical analysis is the only way to go if you're going to make it as a short term trader. Long term maybe company earnings and fundamental data will work, but in the short term it is nothing more than supply & demand, a stock is worth what the guy next to you is willing to pay for it - nothing more, nothing less.
If you're looking for ideas I would highly recommend checking out www.GreenRoomStocks.com. They post end of day swing trading picks with clear cut entry and exit picks, and also post nightly watchlists and market commentary that I've found very helpful in staying on the right side of the market. They have a live chat room with up to the minute market commentary during the trading day, and do weekend video reviews, highlighting entry and exit/support & resistance points on stock charts. They also have some fantastic books for sale on daytrading, swingtrading, etc.
I hope this helped, good trading to ya! |
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Ron Berue
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To clear the air about day trading or "scalping" or being an "active trader": The account must have - at all times - $25,000 U.S. PLUS the amount of the first trade. As soon as the account is below that $25K, a different set of rules comes into play.
WITH LESS THAN $25,000 IN THE ACCOUNT:
The trader is permitted to do 3 intra-day trades - in and out of the same trade on the same day - in any continuously rolling 5-day period. This includes weekends and legal holidays.
AS SOON AS THE beginning of the 4th trade is done, the trader is labeled as a “pattern day trader” and the account may be frozen.
WITH $25,000 OR MORE IN THE ACCOUNT: On any given day, the trader can enter and exit as many trades as he/she wants.
The guidelines I provided are the VERY basic ones. Its up to you to make the decision which broker has the right kind of account at the fees and commissions you want to pay and can afford.
I swing trade. I know some folks - about 30 - who day trade. I listen to their experiences. AND they listen to mine.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name! |
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L M
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i have been through http://www.goldenbullstocks.com so far im doing very well! |
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Matt G
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Been day trading in stocks and options for the past five years, started when I was 18, and make a better living trading than my friends who have jobs do.
I trade spreads on options and do more swing trading than day trading. Most of my positions last for a few days to a month in duration. I traded small amounts when I started to get a feel for it and have gotten a bigger account over time.
Technical analysis is the only way I go. It's the way to make money in the markets.
Some great books to read are "Mastering the Trade" by John Carter and "Japanese Candlestick Charting Techniques" by Steve Nison.
I can't tell you how many people still tell me I can't trade the markets for a living. I always smile and know my P/L says otherwise. Good luck!
Matt |
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