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I always pick the wrong sector, Any advice on what that would be, Thank you

2007-07-25 13:56:15 · 14 answers · asked by Anonymous in Business & Finance Investing

14 answers

http://www.tradingzoom.com/home

2007-07-25 16:41:26 · answer #1 · answered by Anonymous · 0 0

At one time or another, ALL stocks make money. They make money going up; they make money going down; they make money going sideways ["consolidating"].

Any person trading in the market, MUST have patience AND the ability to believe the position he or she buys or is in will have a return.

Any person trading in the market MUST ALSO KNOW AND HAVE a limit as to how much of a loss they will accept - without allowing the account to go broke or almost to $0.

You may think you always pick the wrong sector, but this is only part of the overall picture for a single stock. Here’s a few trading suggestions:
When you are researching a stock, you must take into consideration what is that stock’s current trend?
and what is the market’s current trend?

Is there any news about that stock or that company? When are earnings announced? These are only a few of the many questions traders have to research and find out about a stock or a company before a trade is placed.

A very helpful, yet free site is smartmoney.com; this site has sector maps.

Here are a few trading expressions:

"There are no gifts on Wall Street."

"Plan the trade. Trade the plan."

"V.I.C.P.I.E.: Volume Is the Cause; Price Is the Effect."

"Bulls make money. Bears make money. Pigs get fat. Hogs [greedy traders] get slaughtered."

"I am trading people. I am not trading stocks, bonds, options, currency, commodities or any other security or equity."

There are many, many others.

I wish you well!

VTY,
Ron B.

2007-07-25 14:30:14 · answer #2 · answered by Ron Berue 6 · 0 0

You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org )

Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org

2014-09-22 12:28:55 · answer #3 · answered by Anonymous · 0 0

John,

Here is my stock tip. You could get out of the stock market and start making incredible returns in the currency market. This strategy is making investors 10% plus a month. Over the last year and a half its averaged about 15% a month. Don't believe me though. Try it out with play money and you will see. I would go straight to the video presentation. Its more informational then the site.

www.demofreedomrocks.com

Make it a great day!

2007-07-25 16:15:51 · answer #4 · answered by Anonymous · 0 1

You did not state what risk level you are willing to take.
If you are young and looking for a fund in developing technology that MAY have a great return in 20 years, consider a Nanotechnology Fund. I recommend investing only the required minimum. This fund is going to make some major swings, so if you can not handle the fluxes, it is not for you.
Consider staying away from pink sheet stocks, IPO's, REIT's, and stock selling for less than $10.00 a share.
I wish you the best.

2007-07-25 14:43:26 · answer #5 · answered by oldcorps1947 6 · 0 0

Buy stocks that have just started an uptrend. Your chances of it being a winner increases if the market is also in an uptrend. Be patient and wait for the right conditions. Keep your losses small. Sell your loosers and let your winners run. If 50% of your stocks are winners, your average gain from the winners needs to be 1.6 times the average losses from the loosers to be breaking even, assuming $1K positions, $10 transaction fees. If your % winners are less, your average gains must be higher and if your % winners are more, the your average gains can be less. Do some paper trading to determine your performance. Analyze stocks that were winners (what were their running averages, volume, price movements like at the start of their uptrend). Best of luck to you. I have been technical analysis trading for 5 years. Having luck is executing with a prepared mind.

2007-07-25 14:50:07 · answer #6 · answered by trader 4 · 0 0

OK....I'm sorry to hear that you keep picking the wrong sector. Perhaps the best way to go is not to ask strangers for stock tips, especially since you can't verify their qualifications or motives. That may not be a good "technique".

In fact my rule#3 is never to take "tips" from anyone. It cost me a lot of money many years ago (& more than once). I'm doing well as investor (now) because I spent years learning all about it.

My first lesson was in the value of "Assset Allocation". Asset Allocation & low fees are the number one and two most important rules for successful investing. Their position (1 or 2) is different depending on who you read.

I understand the importance of "money management". I understand that you can make good money with only having 50% of your "picks" be profitable.

So.... in short don't rush to be rich. Don't look for "easy ways" to become rich (ie., getting tips).

Good luck.

2007-07-25 14:20:17 · answer #7 · answered by Common Sense 7 · 0 0

I think the market is on its way to a correction which is far overdue...down to around 13200. It looks like the only sector safe to put more money in is energy. But what do I know. I sold my IBM for 110 about a week ago; now it's at 118. Stay away from banks, real estate, bonds. When the market makes the correction, pick stocks with heavy investment overseas like United Technologies.

2007-07-25 14:04:13 · answer #8 · answered by rationallady 4 · 0 0

Tips are for waiters.

Buy & Read Jim Cramer's "Real Money". It's basically everything you wanted to know about stocks and the stock market. You can also follow his charitable portfolio for $400 yearly. It is a great education. The book and the portfolio shadowing are the real thing I kid you not.

Will - Investor

2007-07-25 15:38:25 · answer #9 · answered by twogreeneyz 2 · 0 0

One thing I learnt always stick to fundamentals. Never leave good companies however bad they are doing right now. Apple n Amazon were not doing good a year ago. see now. Stick to companies like this. Always buy less and sell more. Never experiment a lot. Stay away from biotech

2007-07-25 17:16:47 · answer #10 · answered by raghuveer50 2 · 0 0

I see you are interested in investing in the stock markets and think that you can start successfully by asking questions like this online. Just think, if winning in the stock market is as simple as posting questions like this, why are so many people still poor?

Most people who will even tell you a "good stock" to buy here are people who are waiting for you to to buy in so that they can sell it at a slightly better price!

There are quite a number of things you need to learn before you can even start thinking of the stock markets ...

1. You need to understand how the stock market works and what it is exactly about.

2. You need to know what are the different styles of trading in stocks and shares.

3. You need to read about why so many people lose their shirts in the stock markets so that you can avoid their mistakes and also decide if this is a risk you want to take.

For all these issues and more, you can read about them from some of the articles that I wrote at http://www.mastersoequity.com/articles.htm

After you are adequately armed with the basic concepts and ideas, you need to know how to find profitable stocks to trade or invest in. You can do that the easy way by subscribing to stock pick services (example http://www.stockpickmaster.com ) or you can learn to use charting tools and softwares to find stocks with parameters that you can pre-define. (example http://worden.mastersoequity.com/).........

Remember, the slogan "Just Do It", Just won't do for the stock markets. If profiting in the stock markets is as simple as buying a single stock , then why are so many people still poor?

After you have all the above mentioned knowledge, you need to ask the following golden questions before you can decide whether a stock is worth buying or not :

1. Why are you of the opinion that this stock will rise?

2. Is your opinion valid in the first place?

3. When are you expecting it to rise? Can you hold on for that period of time or longer?

4. What is your expected entry price? After what price would your expected profit margin be too thin to enter upon?

5. Where is your expected stop loss point? What is your stop loss point based on? Where will you tell yourself that it is time to take a loss and get out?

6. Where is your expected profit taking point? What is your profit taking point based on?

7. Does the way you are buying the stock allow you to hold on until your expected profit taking point?

8. How much of your money should you dedicate to this one trade?

9. What is the level of primary, secondary and idiosyncratic risk you are undertaking when deciding how much of your fund to use?

10. What is your cashflow need? Does your cashflow needs allow you to hold the full lifetime of the stock?

After you are able to answer all these questions confidently, THEN you are ready to... PAPER TRADE your stock strategy. Yes, even at this point, you are NOT READY to trade for real. You should trade on PAPER for at least 6 months and become consistently successful BEFORE you take your stock strategy into real life.

Then.. you are ready to start... but there is still no guarantee of success as paper trading is very different from real trading. You will need another maybe 1 year or 2 trading very little money and be consistently successful BEFORE you are ready to increase your stakes.


So, as you can see, success in the stock markets is not easy at all the the less knowledge you have, the more risk you undertake. I lost hundreds of thousands in the stock markets before I become successful.

Take heed and good luck.


All in all, investment and trading is a lifelong education and non stop learning. No one is ever done learning and catching up with changes in the markets.

If you care to read about how I went from completely broke to retired millionaire trading stocks and options by 28 years old, you can go to http://www.mastersoequity.com/

Hope these information helps.


http://www.optiontradingpedia.com/

http://www.mastersoequity.com/

.

2007-07-25 17:02:17 · answer #11 · answered by Anonymous · 0 0

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