Stock market?
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- ********
Anyone do small time buys and trading? Do you make some money?
Also, this is a stupid question, but you can always sell stock? You never get stuck with it?
- monNom0
You can get stuck with stock, but generally only with the most thinly traded OTC companies and bankruptcies. Otherwise you might get stuck with a stock that you can't unload without taking a huge loss... which is different than not being able to sell at all, but the result is nearly the same.
- Nightshade0
Yes, I mainly trade oil stocks on the UK AIM market. In 1 year I've made as much profit again as my salary, all tax-free as it's in an ISA.
Yes, you can sell a stock when you like.
Take a look at Range Resources (RRL) - they're going to be big in 2011. Should hit 50-100p this summer after some good drill results. Take a look at the video on here: http://www.iii.co.uk/investment/…
- So how did you go about learning to trade on the markets, Nightshade?********
- So how did you go about learning to trade on the markets, Nightshade?
- ********0
How much investment did you start with Nightshade? Just out of curiosity.
- monNom0
FYI newuser: 'exploration' companies are about the riskiest place to put your money short of a lottery ticket. Everything relies on a blind shot in the dark whether there's actually oil/gold/diamonds/beanie-babys in the hole they just drilled or not.
Safer places to start are buying an index like the SP500.
- formed0
I'd spend some good time learning before doing anything. An S&P 500 Index Fund would be the most logical way to go.
Most traders, almost all, lose money. It is gambling, more or less.
Read Kramer's books, good place to start. He's been right more often than anyone else I follow.
And yes, stocks are liquid, but they can go from say, $100, to $1 in a day, leaving you broke. Or, in an example like GM, a company can go bankrupt, leaving all the shareholders without a penny.
Also, be really careful when looking at "past performance". The market has shot straight up since 2008, so almost anything would "look good".
Best bet is a diversified portfolio.
- monospaced0
I have been doing this for a long time. It's good to have some friends who are hedge fund managers (in NYC they're everywhere). Yeah, I buy and sell small and do make good money. Apple has returned 417% already, for instance and was an easy buy for a stock. It's good to do research and pay attention to trends before doing anything.
- bulletfactory0
I buy and sell stock too, but don't count on it as income. It's just extra money that wasn't gaining any interest in my bank account, so I thought I would see if I could make it work for me. I have had great results thus far.
advice:
buy what you know. don't buy on unfamiliar companies or industries you don't understand. when the prices swing, you'll have no idea why.
- cbass990
One good trick is to look at the companies that have been bought by Google, Amazon etc...and find similar companies that haven't blown up yet.
- cannonball19780
combo of mutual funds, domestic and international indexes, and some stocks
- maikel0
I made some money and lost some.
It's easy to buy ETFs or index trackers. I currently do CfDs FXs and ETF.
I don't recommend FX to anybody well experienced, disciplined and with time to spend in front of the screen.
If you are geeky enough you can try scripting trading algorithms. It is safer if you do enough testing. And usually reports more consistent returns.
- ********0
I just put 50 grand on Charlie Sheen.
- dirtydesign0
invest in gold
- pinkfloyd0
I started investing about a year ago using Etrade. My favorite stocks so far has been Apple, Baidu and SIRI. Apple stocks are very solid, and could possibly double over the next 2 years. I get my news and live stock prices at google finance. I also occassionally look at CNN Money, MSN Money, Bloomberg and Yahoo Finance.
- pinkfloyd0
We should use this thread to share some hot stock tips.
- bulletfactory0
Charlie Sheen may be on to something... stock ticker: WIN
- SrSamaurai0
i still stand by my BIDU pick
up 24% since i mentioned it on apple's last earnings in january
- Nightshade0
abettertomorrow: I started with about £6k. Invested in IAE, GKP, TRP, AST and RRL. All UK AIM oil stocks. Topped up over a few months to 9k, and shortly made that into 12.5k trading in XEL, then put all that into RRL which currently stands around £50k. Hopefully it'll be double that by summer if the RRL drills come off. Then I MIGHT have a hopes chance of being able to buy a flat in central London..
pillhead: I learnt it all by reading the discussion boards on www.iii.co.uk, reading about what others were disussing, asking question about trading, etc. useful links are www.iii.co.uk for the forums, www.shareprice.co.uk for live prices, http://thesharehub.com and http://brokermandaniel.com for current affairs in the UK markets
- monospaced0
where's hedge when you need him?
- Nightshade0
pinkfloyd: My tips for 2011 would be RRL, SOU, CAZA, XEL. All high-risk oil stocks, not for the faint-hearted! But high risk, high-reward. A bank account might make you 1-2% in a year, I've made 300%+...
Check out Hub's hotlist for 2011: http://thesharehub.com/?p=360
XTA is good play if you like a bit less risk.
- BenWeeks0
Lots of ETFs here: http://www.hbpetfs.com/pub/en/De…