January 2009
165 posts
isn’t this fun
patience is a virtue
The market is down a good time to buy
Maybe next week will be better who knows but this is another good time to start if you haven’t bought anything yet…
this week I will post on here 5 easy steps to get trading in 5 mins…
rule 3. Know where we are on the Dow
Ok so your stock is at it’s 52 week low but where are we on the dow jones? Are we close to the 52 week low or the 52 week high?
Example.
Dow Jones right now is 8232.
52 week high is 13136.69 (we haven’t seen that for a while and probably won’t for even longer)
52 week low is 7449 (we could go lower than that but for now that is the bottom)
So if you are close to the...
Investing in banks are so risky but so enticing
They either get bailed out and you double your money in like a day……
OR
They go away and you lose everything…….
This is a good day if you have stocks
Why haven’t you bought something yet????????
today the market looks like it is going up
you can tell by looking at stocks at google finance and view the premarket numbers…
Obama is in talks of another bank bailout..
Usually the market behaves counterintuitive from what you think even on big news so we will see. There were many times when I made a trade based on the news and the market went in a different direction and I had to get out quick…
I think the best way to...
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rule 2. Selling above 30%
Selling a stock is the hardest thing to do especially when it goes up. You don’t want to get rid of something that makes you feel so good. But that is the time when you should get rid of it. So many times I have held a stock that went up above 30% and then back down to where I bought it at and sometimes down 30% after that.
The big fear is that you will sell it and it will keep going...
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Rule 1. Buying at the 52 week low
In a bear market there is no reason not to try and buy your stock at it’s 52 week low. This does not mean the stock won’t go lower than this but at least you got it at a point that most are too impatient to wait to get.
Remember though….
If your stock is at it’s 52 week low there is definitely something negative going on with that stock. If the whole market is down and...
portfolio challenge
1) It is not real money so you try riskier trades…
2) There are no transaction fees so you don’t worry about how many trades you make
3) You have 5 different portfolios so you can try different strategies in each portfolio
4) You usually have only 4 stocks in each portfolio. This limitation of stocks makes you buy a lot of one specific company instead of a little of a lot of...
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my main goal is to figure out
why i did so good in the cnbc portfolio challenge
but in real life
not as good
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new week the dow is low but it didn't test the...
which makes you ask the question….
Do you think that it will test the lows this week?
Hmmm I am not sure either.
Hey I wish I would have bought some Barclays bank stock on Friday. It is up 62% today.
I had it on my watch list but I have like 30 stocks on my watch list.
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Google Finance →
The market is low but you should have bought in the morning for it is going up today and I think it will continue till Monday
20 20 hindsight yesterday was the best day to buy
today the stocks went up fast so it would have been hard to catch it
buy when the market goes down
sell when it goes up
how can this be soooooo hard
Google Finance →
what a crazy day on the market….
I missed it but I was hanging out in Alex Katz studio
BAC - Bank of America Corporation
- Google... →
If you are an artist you had to have troubles with credit card debt before. Well I had trouble with Bank of American and I can just remember how unsympathetic they were. Now look at them. They are in so much debt and they are begging for bailouts……
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