400% increase on capital within 1 month...have tried 2 websites that offer free advice but their consistency leaves much to be desired. Thanks,,, goal is to buy a new car by christmas 2006 and a duplex home by june 2007...thanks
2006-11-22 15:09:30 · 5 answers · asked by witty & wonderful 1 in Business & Finance ➔ Investing
I'm not sure if you're trying to be funny or if you seriously think that's even remotely possible. If funny, your talent for humor is as lacking as your understanding of how investing works if you're being serious.
Either way, give it up. You're going to get eaten alive at either investing or standup.
The first objective to investing is to not LOSE money. Most new investors to the stock market fail at that. You have better odds playing the slots in a casino than investing without a clue.
You can get an education in investing, and eventually learn to do well.
Comedy you either have or you don't, and you don't.
2006-11-22 15:15:38 · answer #1 · answered by open4one 7 · 0⤊ 0⤋
Hate to burst your bubble but trading is like taking a suitcase of cash to Vegas and gambling it all away because you were sure you would win: it's not gonna happen
If trading was that easy then everyone would be rich.
I was a trader for about 3 years and I made money but also lost some in the beginning when I was learning. The hardest thing for people who trade stocks to do is to sell because they keep thinking the stock will go up.
You have to do your own research and these stock sites are not very reliable. Charting stocks does not work. You have to read read read and also you have to have a really fast set-up to be able to sell quickly if you need to do so you need real time quotes and a real time trading device. I used Etrade and it was good. I did not like Schwab and I tried some other trading companies but I think Etrade is probably the best.
I am not a fan of long term investments either. I did "swing trading" I started out doing day trading but decided it was foolish.
No shorting. You can lose everything you own shorting stocks.
Pick stocks with good technicals and a proven record and P&E ratio.
I say that to you but I made a killing during the dot.com days and that was pure foolishness on my part and I would never do that again but I was too stupid to know what I was doing back then
2006-11-22 23:20:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You'll get a better return on investment if you break up that bag and sell off what you've been smokin'. If you think that you can realize 400% return in one month, you need to find a guardian for your finances.
My advice is to WORK for what you want and save your money. The only ones getting rich quick in the stock market is the people on those websites.
2006-11-22 23:16:58 · answer #3 · answered by normobrian 6 · 0⤊ 0⤋
Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.
I am sure that you can get your answers in this website.
http://investing.sitesled.com/
Good Luck and Best Wishes!
2006-11-23 09:21:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
APTISTOCK FREEWARE
4 STOCK & COMMODITY
2006-11-23 06:22:05 · answer #5 · answered by dinu_pawar 5 · 0⤊ 0⤋