Mike W
2024-10-06 10:44:48 UTC
Reply
Permalinkalt.atheism with message-id
hope, those are killers.
just gambling in the market rather than a casino.
it looks that way at the moment, i am a trading novice, i think
by end of the year, i should be in a position where at least my
capital is not in the red from its current level, that is the
aim, rather than hit jackpots.
Your best bet is to take a long term a approach. Decide
what you want to buy, a stock, mutual fund, or whatever.
Take the regular amount you wish to invest from every check
and set up an automatic investment each payday. You can do
this in several ways involving your bank and if necessary
your broker. Then keep an eye on the stock occasionally and
let the investment accumulate. Pay no attention to the
price on the date you invest - over time this works out the
best. It is called dollar cost averaging and has been
tested repeatedly. Even a small amount can be split over
several items if you so desire.
This is a long term process and over time will result in
profits if you pick the proper stock, fund, or mix.
I have had two of my stocks for almost 30 years. One was
doing OK with good dividends then tanked with stopping the
dividend and dropping like a rock. I got a couple of
thousand when I sold all of it.
The other stock had a slightly smaller investment and has
had a 2,547% gain over the same period with a moderate
dividend. Needless to say I am still keeping that one.
Investors usually do very well over time but traders
frequently go broke. The individual just doesn't have the
resources needed.
yes long term that strategy is something i will settle on, eventually. iin alt.atheism with message-id
pouring in are either from big institutional investors /
algorithms / hedge funds etc. now if i take a small amount from
them each month, enough to live comfortably, what is the harm?
That sounds good but they have multiple computers, software
programs, and years of experience. If you are in line with
their actions you may make money but they can turn before
you are aware of a new direction. Generally you only know
after the fact.
exactly, to go with the flow. the biggest hurdle is greed andin alt.atheism with message-id
you have a gun. Fill a bag with money. Go home.
It's what comes next that is also simple.
Borrow money. Buy X at 500.00 per share. Watch X drop to
50.00 per share. The borrowed money becomes due. You are
screwed.
Remember, for every seller there must be a buyer who is also
trying to buy low and sell high.
I watched several thousand shares go from $57 to $2. I was
lucky that it worked to my favor but it took several years.
yes it is a zero sum game, my thinking is, majority of the moneytrading is very simple in principle, it doesnt require a phd or
someone smart to be successful. which is why i entered it. you
buy low, sell high, sell high, buy low. very simple.
So is robbing a bank. Put on a mask. Write a note sayingsomeone smart to be successful. which is why i entered it. you
buy low, sell high, sell high, buy low. very simple.
you have a gun. Fill a bag with money. Go home.
It's what comes next that is also simple.
Borrow money. Buy X at 500.00 per share. Watch X drop to
50.00 per share. The borrowed money becomes due. You are
screwed.
Remember, for every seller there must be a buyer who is also
trying to buy low and sell high.
I watched several thousand shares go from $57 to $2. I was
lucky that it worked to my favor but it took several years.
pouring in are either from big institutional investors /
algorithms / hedge funds etc. now if i take a small amount from
them each month, enough to live comfortably, what is the harm?
programs, and years of experience. If you are in line with
their actions you may make money but they can turn before
you are aware of a new direction. Generally you only know
after the fact.
hope, those are killers.
part psychology and part strategy is what i am learning to at
least cut losses. a large part psychology actually.
An investment strategy is your best bet. Otherwise you areleast cut losses. a large part psychology actually.
just gambling in the market rather than a casino.
by end of the year, i should be in a position where at least my
capital is not in the red from its current level, that is the
aim, rather than hit jackpots.
what you want to buy, a stock, mutual fund, or whatever.
Take the regular amount you wish to invest from every check
and set up an automatic investment each payday. You can do
this in several ways involving your bank and if necessary
your broker. Then keep an eye on the stock occasionally and
let the investment accumulate. Pay no attention to the
price on the date you invest - over time this works out the
best. It is called dollar cost averaging and has been
tested repeatedly. Even a small amount can be split over
several items if you so desire.
This is a long term process and over time will result in
profits if you pick the proper stock, fund, or mix.
I have had two of my stocks for almost 30 years. One was
doing OK with good dividends then tanked with stopping the
dividend and dropping like a rock. I got a couple of
thousand when I sold all of it.
The other stock had a slightly smaller investment and has
had a 2,547% gain over the same period with a moderate
dividend. Needless to say I am still keeping that one.
Investors usually do very well over time but traders
frequently go broke. The individual just doesn't have the
resources needed.
want to see how this goes, really want to turn this into a career.
https://tinyurl.com/ya9ht55d