Up 27% since I mentioned it on Wednesday. I went ahead and sold right before the market closed today. May buy back again next week. :grin:
Texx, Robbie...at what point do energy stocks look too cheap? I am long transocean but unfortunately at $62 a share. But what about Hal, NE, tot ( due to div) etc?
Anybody have any ideas on how an average joe like me can short the Canadian real Estate market? I can't seem to find anything here in the US that is heavily vested in Canadian real estate.
I'm not playing the actual stock market (with real dollars) but I'm currently playing it with virtual dollars both to prepare myself for any potential stock trading in my future and for my economics class that's going to have a cash prize contest for something similar to this. :grin: Anyone have some quick tips for a complete beginner like me? I will rep for anything even remotely helpful!
Will do. Also found a great site to practice virtual trading. http://www.wallstreetsurvivor.com Haha.
Yes. Virtual trading is nothing like putting real money on the line. Most people trade differently when they trade "play money" since they subconsciously know they aren't losing squat. When they start trading real money, many are scared to death to buy/sell. :grin:
Sure, I will help you. Keep playing with virtual dollars until you're educated enough to put your own real money in. There's two ways to "pay" for your investing education -- 1) with you own money 2) with virtual money. I'd suggest #2. Read a lot about investing. Some of the classics include The Intelligent Investor by Benjamin Graham, or some of Peter Lynch's books. Index funds have been proven to beat most active stock managers over time, but to me they're boring. I enjoy investing, so I try to do better than the indices by purchasing individual stocks. This requires a lot of research and access to information. I also have a chunk of my $$ in a hedge fund, as I know that I can't count on my own research for all my returns (don't have time) Some websites I find helpful to source leads include seekingalpha (some of their authors are crap, some are great), zerohedge, motley fool, and a few investing newsletters I subscribe to. Also reach Ken Fisher's column on Forbes -- that guy is a legend. hope that helps brah
While I do read zerohedge everyday, I feel like it can be less pragmatic for an early trader. I read it for entertainment anymore.
That makes sense. :grin: At least I won't be clueless if I ever get into the stock market for real. Its better to lose money and knowing what went wrong, instead of losing money because I had no idea what I was doing. Lol. A lot of helpful information. Thanks for the help! Repped! Also another general question. What are key events for companies that would be indicators for the masses massively buy/sell spontaneously?
Sorry, just saw this. I don't have a perspective on these types of stocks. If I were analyzing them, I'd of course look hard at the quality of their assets they have, and specifically at what oil price are they in the black, based on their wells. If you believe the price of oil will go higher, my take would be just to lever up on some producers with a strong correlation to oil prices, rather than risking it on some small oil & gas stock where you face operational risk that you likely don't have a lot of info on.
I don't like going to casinos so I opened a Scottrade account last year. My portfolio has lost 20%. I have learnt a lot: Plan. Focus. Patience.
I started a Scottrade account in November. I have lost about $250 up to now. I definetly know a whole lot more now than before.
From a technical standpoint, it's always a bad idea to buy a stock when it's at its 52 week or all time high. Right?
