[quote]zephead4747 wrote:
TD: any good reading material to get the gist of the stock market? I’ll be very interested in this in ~1.5 years. How much time do you spend on thisa day and how much do you get from it?[/quote]
x2
tdude, any resources YOU’D recommend for a complete and utter n00b to check out as an introduction to this stuff?
NO real trading for a year unless you are following someone who knows what he’s doing, and you are playing with an amount you can afford to lose. (Even professional stockpickers haven;t been batting good these days. I myself do not follow the charts anymore but work with stock promoters and CEOs instead).
Try paper trading for a year or so
also visit stockhideout.com and join the chat room
[quote]NewDamage wrote:
zephead4747 wrote:
TD: any good reading material to get the gist of the stock market? I’ll be very interested in this in ~1.5 years. How much time do you spend on thisa day and how much do you get from it?
x2
tdude, any resources YOU’D recommend for a complete and utter n00b to check out as an introduction to this stuff?[/quote]
Sadly, you need plenty of lambs to make enough stew.
The only way to make some good money in this market is to KNOW about a pump and dump in advance (or orchestrate it yourself) However, someone following the charts and getitng advice from a good chartist and trading community will soon learn to make some green.
to Zep, I don;t really chart trade anymore, son.
My job is to ensure enough trading volume in a stock by speaking to market makers and CEO’s in advance, planning their PR and promotion, setting up sufficient accumulation and managing a comfortable exit post-breakout for everyone SAVE for the emailer crowd.
[quote]GhorigTheBeefy wrote:
I’m always hesitant with penny stock forums. They always seem to be full of a few guys who tell all the noobs their picks just so the noobs will go out and raise the price and bam the head guys made their profit while the noobs get fucked.[/quote]
NO real trading for a year unless you are following someone who knows what he’s doing, and you are playing with an amount you can afford to lose. (Even professional stockpickers haven;t been batting good these days. I myself do not follow the charts anymore but work with stock promoters and CEOs instead).
NO real trading for a year unless you are following someone who knows what he’s doing, and you are playing with an amount you can afford to lose. (Even professional stockpickers haven;t been batting good these days. I myself do not follow the charts anymore but work with stock promoters and CEOs instead).
2)If you’re playing with $10k, and you can do 10% profit, you can “make” yourself a little over $1200 in a year’s time… minus your brokerage fees and the short term capital gains tax.
My point being, you have to be fucking awesome at timing the market consistently AND be starting with a good chunk of change to even bother doing this shit.
Go mow some lawns. The market is down 33% over the course of the last 12 months. People who get paid to manage mutual funds are down 20 or more %.