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Yorick
Yorick
last online: 02/28, 23:53
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any stock market gurus or exp.

traders?

Recently picked up on trading, not so intensively as i would like. Im not looking to rip off someones advice 2 success because frankly still pretty new to it so its all tiptoeing on ice here.

any basic tips would be greatly appreciated.

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tricky
last online: 12/07, 20:09
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Am not an expert for sure, to be honest I can't read financial statements and stuff. Yet I have been trading for the past 4 years and have been doing quite well and blame it mostly on luck.

The money you put in stocks is money you are ok with losing (most likely partially and not totally). Its very important not to get too greedy too quickly. I would highly recommend you just invest in big companies and not penny stocks. Start with a small sum of money and be patient, I'd say $5000-$10,000 is a good starting point. I'd say don't add any more money the first year and take it easy. When you are making money, its easy to get too greedy and suddenly start losing a lot of money...

I personally sold all of my USA stocks and currently only hold Canadian defensive stocks like Electricity, Food company, and Infrastructure.

I believe that we will be entering recession soon. Due to the USA - China trade war, Brexit, Hong Kong situation, and Germany not doing too good... Furthermore, we havn't been a recession for a while and its long overdue.

One more piece of advise is to diversify, don't put all your money in one stock.

Electric
BA1
last online: 01/25, 20:20
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Buy low.
Sell high.

Yorick
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Yorick
last online: 02/28, 23:53
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how long before dropping a stock that's not performing well, even tho you will lose some money?

i recently dropped a stock that was sorta stagnating downwards.. only lost about 20 bucks alltogether... took about 4 months till i told myself not worth it.

did i make the right move?

Yorick
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Yorick
last online: 02/28, 23:53
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Slash wrote:
Buy low.
Sell high.

yea thats the very original rule of it all

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PepperJ
last online: <time class="timeago" datetime="1714449135" title="Apr 30, 2024 3:52">Apr 30, 2024 3:52</time>
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I think that the very instant you start to lose money, you should drop the stock.

I guess that makes me "risk averse" in economic terms, but I hate to lose money.

And it's funny that I would be risk averse in that situation, because I'm leveraged to the hilt (which is pretty risky behavior). I guess it depends on the type of investment (?)

My husband is in the stock market, but he's just messing around, trying to figure it out in a similar way you are, I think. He puts in $50 a month and has made (over a year) about $50. Haha :)

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BigWilly!
last online: <time class="timeago" datetime="1715903374" title="May 16, 2024 23:49">May 16, 2024 23:49</time>
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I'd say to look into stocks in businesses that will weather the coming recession and prepare to sit on them for a decade or more.

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Yorick
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Yorick
last online: 02/28, 23:53
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BigWilly! wrote:
I'd say to look into stocks in businesses that will weather the coming recession and prepare to sit on them for a decade or more.

well said, to me it simply translates to " the key is to use your instinctive forecast with research and follow-up news that will buffer the results of your investments"

very solid

Yorick
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Yorick
last online: 02/28, 23:53
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PepperJ wrote:
I think that the very instant you start to lose money, you should drop the stock.

I guess that makes me "risk averse" in economic terms, but I hate to lose money.

And it's funny that I would be risk averse in that situation, because I'm leveraged to the hilt (which is pretty risky behavior). I guess it depends on the type of investment (?)

My husband is in the stock market, but he's just messing around, trying to figure it out in a similar way you are, I think. He puts in $50 a month and has made (over a year) about $50. Haha :)

hey u know.. all of us are tempted to get rich quick.. but reality is .. its not a gamble but a small form of investment.. im a rookie as well too. so . im enjoying the slow run here.

A
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