Sold all of my Sprint shares on Friday. 88% gain in the IRA. I'd like to buy back in the low $3s and hold, but I may not get a chance for a few weeks at the earliest.
what are you going to do with 35 shares? thats a waste of trading time and money you'll pass on lower prices stocks with more upside... I started of like you with 15 shares of apple at 570...held them for a month and sold them with a $10 a profit. What I earned with apple $150, I make easy in a few minutes on other cheap priced shares..
that's exactly what I'm trying to say, start with lower priced stocks, see how comfortable you can get buying 1k, 2k, 3k shares at 2-5 bucks..you won't get any knowledge trading big giants that move 5 precent a month
When you just started and don't know what you're doing, it's psychologically comforting to invest in a company that's not gonna drop 10% overnight. The daily ticker watching can be emotionally taxing for beginners, regardless of a # of shares or amount of $ invested. You make it sound like 5% a month is a bad thing... depends on up or down I guess
I did a call spread in MNST. As it stands it is a falling knife so I am not willing to jump on this thing long without having my risk under control. The news about a state attorney general investigating them scared the crap out of people because the filing was kind of vague. I do think there will be a good chance to get long MNST, but I'd like to wait and watch the news and price action some more.
depending on what kind of stocks you trade, I had nothing but gains only lost on a pump and dump penny stock
robbie's right... you're only concerned about the % of gains, including yields for dividends etc. and not how many stocks you have (a very noob fallacy tbh). The only time you pay attention to # of stocks is how it might creep up on your margins when trading small dollar amounts (which actually might be a concern in the advice you gave). btw robbie - does Kershner have a Shanghai office? I'm thinking about visiting if possible before the end of the month.
Thank you Robbie! i am thinking about getting them in the next 2 weeks with my 2k.. .. but then again i am debating between them and Sprint OR put it in apple.
I think the Shanghai office is closed now. Kershner has some serious issues and I will be curious how much longer they will be able to hang on. I trade over at Great Point Capital now. I put my own money up at Great Point and get basically a 100% split. It's been much better for my psychology not having to worry about ridiculous decisions management makes (eg. opening an office in Shanghai lol). Also, it's nice keeping 100% of what you make. That my lil update.
All I can say is keep your options open and try to learn as much as you possibly can about whatever stock you end up buying. Be aware of the positives and negatives and maybe as you are doing your research your might find other interesting possibilities.
Whatever you put it into make sure you put in some time and make sure you know everything about them. Also one other things don't ever trade on emotions, it is the most terrible thing. I started investing 2 years ago, and I had put money into ZAGG, seemed like a stable business with big margins. Then apple decides to release with their ipad 2 that smart cover thing. Everyone freaks out thinking that they wont need ZAGG screen protectors anymore the stock drops a ton. So I sell thinking I dont want to continue with this drop. Come to find out ppl wise up the next day and the stock goes back up to the original price. That was a costly lesson, but I guess I had to pay school fees to learn my mistake. If you have done your homework trust your brain and not your heart.
thanks for that info robbie. i don't know if it's a good decision but you def saw a lot of prop shops opening up over here in the last three years or so. some friends I know opened one up themselves. same story, outsourcing for cheap labor costs, you can advertise a really low split to these top level fresh grads here and have them trade for you. the math/finance guys are often equally as capable, but have a hard time getting footing for well-paying jobs.
