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I am in the I.T industry and have a Business degree but I hardly learned anything about Stocks. I took 1 course on investing.
My Roth IRA at at Edward Jones and he is a FA but all he does he buy the MF's for me when I give him new money.
For my common stocks taxable, I use Tradeking because the low fee of $4.95.
If you have that kind of job and background, then you should have no reason, not to be able to take some risk with your stocks.
What are the dates you bought these stocks?
How long did it take you to get the 14% gain, overall?
Where you have come from is not worth much.
It is "where are you going".
Example:
BAC has gone down for you.
What matters, is what will it do next.
Up or down or trade sideways and be dead money.
Down or sideways are not going to help you.
And up only helps you $27 per $1.00 in price move.
I'll go to Tradeking and see what they require for options.
I see no reason why your "lack of needing" $192 should prevent you from trying something and learning how to use options. More and more people are using options. They are not as near as hard as they sound.
I am in the I.T industry and have a Business degree but I hardly learned anything about Stocks. I took 1 course on investing.
My Roth IRA at at Edward Jones and he is a FA but all he does he buy the MF's for me when I give him new money.
For my common stocks taxable, I use Tradeking because the low fee of $4.95.
ok, your commissions are lower than mine but I have trading tools, etc.
Here is the application page. Look down under "other forms" and you can apply to use options. We're talking about the purchase of one single call option and nothing more, at this point.
If you have that kind of job and background, then you should have no reason, not to be able to take some risk with your stocks.
What are the dates you bought these stocks?
How long did it take you to get the 14% gain, overall?
Where you have come from is not worth much.
It is "where are you going".
Example:
BAC has gone down for you.
What matters, is what will it do next.
Up or down or trade sideways and be dead money.
Down or sideways are not going to help you.
And up only helps you $27 per $1.00 in price move.
I'll go to Tradeking and see what they require for options.
I see no reason why your "lack of needing" $192 should prevent you from trying something and learning how to use options. More and more people are using options. They are not as near as hard as they sound.
ok, your commissions are lower than mine but I have trading tools, etc.
Here is the application page. Look down under "other forms" and you can apply to use options. We're talking about the purchase of one single call option and nothing more, at this point.
So how long will you wait for a loser to go back up?
When you say "trading" what do you mean?
If you are gong to buy today, and wait until next year to sell it, then you are a "buy and hold" investor and you do not need any investment advice, because you will just have to watch your stocks go up and down, and next year see where they are. You have to pick a price to buy and pick a price to sell. Leave the long term stuff to your IRA and whoever is managing that.
I bought Lynas on March 15th for $15.65 and sold it on March 22 for $20.80.
That was not a day trade. It was a buy and sell, short term.I made 30% in a week. I SOLD. Now I look for something else or wait for that same stock to come back down. With a 30% gain I have "time to wait" for another good buying opportunity. Use YM.
Well you trade stocks so thats what 'trading' was.
What do you think of penny stocks that are so volatile?
I have heard that someone turned $10K into $250,000 fast.
Quote:
Originally Posted by howard555
So how long will you wait for a loser to go back up?
When you say "trading" what do you mean?
If you are gong to buy today, and wait until next year to sell it, then you are a "buy and hold" investor and you do not need any investment advice, because you will just have to watch your stocks go up and down, and next year see where they are. You have to pick a price to buy and pick a price to sell. Leave the long term stuff to your IRA and whoever is managing that.
I bought Lynas on March 15th for $15.65 and sold it on March 22 for $20.80.
That was not a day trade. It was a buy and sell, short term.I made 30% in a week. I SOLD. Now I look for something else or wait for that same stock to come back down. With a 30% gain I have "time to wait" for another good buying opportunity. Use YM.
-Motley fool... I read it but I think its news stories are bogus, and don't believe the stock ratings by people (if you notice, they are all rated positively)
-Yahoo Finance (news stories good), some OK analysis
-Charles Schwab news and analysis of stocks/funds/bonds... CS has some VERY good breakdowns and simple explanations of their ratings of stocks/funds/bonds
I pay for Fortune magazine, I don't know why though... I think I'll switch to "Smart Money" or similar life advice magazine. Anyone have any recommendations for a magazine I can pay for that specializes in investing/savings/advice...etc?
I also read investment books-- lots probably available at your local library for free
Oh and I think Penny stocks are terrible. I don't define penny stocks as <$5 like fool either-- I define them as less than $1. There are some good $1 - 5 stocks.
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