Anyone Else In the Stock Market?
- Thread starter thunderdood
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Yes. I have been into 'Derivatives' trading since past 4 years. The best way is to make a base into any one of the best technical methods available in order to make consistent profits. I use 'Elliott Wave' analysis before taking any trades. Hope this helps. Thanks.
thunderdood
Active Member
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I've been trading LEAPS options for the last 2 years with covered calls as a core strategy and have had great returns this year. I'll look into Elliot Wave it sounds interesting. I use Bollinger Bands, CCI, and CMF for my technical analysis.
A+Aquatics
Rare Coral Curator
I'm into a few clothing brands and expanding into tech later this year.
Tip #1 PAY ATTENTION, CLOSE ATTENTION
Tip #2 Don't do things on a whim. Study, Study, Study.
Tip #3 Get money ;Oldman
Tip #1 PAY ATTENTION, CLOSE ATTENTION
Tip #2 Don't do things on a whim. Study, Study, Study.
Tip #3 Get money ;Oldman
Unfortunately...
jasonrusso
2500 Club Member
I bought some Bitcoin and Etherieum about 3 weeks ago. If you look at the chart you can almost tell the day I bought it!;Sorry
jasonrusso
2500 Club Member
I sure hope so. I'm also the guy that bought Amazon a couple years ago at $360, watched it go to $250, and sold it when it got back to $360!!
My advice is to set your goals low.. try for 10% return max per year and design your portfolio with that in mind. If you go for more you may end up losing a lot more.
chipmunkofdoom2
Always Making Something
Yep. My 401k is in mutual funds and my general savings fund is in a S&P 500 index fund.
First, don't invest in anything you can't understand. If you can't understand how it works, it's too complicated.
Second, you can invest in the stock market without gambling. Unfortunately, "investor" and "speculator" have sort of become synonymous in the context of investment, especially since 2008. It is very easy to invest in calmer and less volatile mutual funds with the goal of long term grown, with very little risk involved. You're not going to be getting rich quick though. If that's your goal, go to a casino. You can only really have relative safety in the market if you go slow and thing long term.
Third, know that there are ups and downs in the market, and this is not a reason to panic and move to cash. Your investments will go down in value, but if you chose quality mutual funds they will recover. The funds I own lost 50% of their value by the bottom of the crisis in 2009. By the end of 2015, however, the value of these funds was about 60% higher than it was BEFORE the crisis. If you panic sell when the market drops, you lock in your losses. Be patient and wait for the market to recover. We have had several market panics in the past 40 years or so, and in every single case the market has recovered.
Fourth, don't ever relinquish control of your money to someone else. You should seek advice from a financial adviser if you need it, but never surrender control of your account to them. You need to have a complete understanding of how your money is invested. It's your money, after all. It means a lot more to you than it does to a stranger.
If you're just getting started on investing, I would look into mutual funds. Mutual funds contain a hundred or so different stocks from lots of different companies. When you buy a share of a mutual fund, you're buying a small part of all those companies inside the fund. By owning one share of a mutual fund, you've diversified your money over as many as 500 different companies. Go look at some actual funds on Fidelity or Vanguard's website. Look at what stocks are in the fund, the average annual return, what types of companies are in the fund (technology, healthcare, financial, etc). As with reefing, there's a lot to learn, so take it slow.
EDIT: sort of an addendum, invest with a long-term mindset. Don't be jumping in and out of funds or investments. Buy something, hold it, and let it go up in value. Trying to time the market or day trade is very difficult to do.
First, don't invest in anything you can't understand. If you can't understand how it works, it's too complicated.
Second, you can invest in the stock market without gambling. Unfortunately, "investor" and "speculator" have sort of become synonymous in the context of investment, especially since 2008. It is very easy to invest in calmer and less volatile mutual funds with the goal of long term grown, with very little risk involved. You're not going to be getting rich quick though. If that's your goal, go to a casino. You can only really have relative safety in the market if you go slow and thing long term.
Third, know that there are ups and downs in the market, and this is not a reason to panic and move to cash. Your investments will go down in value, but if you chose quality mutual funds they will recover. The funds I own lost 50% of their value by the bottom of the crisis in 2009. By the end of 2015, however, the value of these funds was about 60% higher than it was BEFORE the crisis. If you panic sell when the market drops, you lock in your losses. Be patient and wait for the market to recover. We have had several market panics in the past 40 years or so, and in every single case the market has recovered.
Fourth, don't ever relinquish control of your money to someone else. You should seek advice from a financial adviser if you need it, but never surrender control of your account to them. You need to have a complete understanding of how your money is invested. It's your money, after all. It means a lot more to you than it does to a stranger.
If you're just getting started on investing, I would look into mutual funds. Mutual funds contain a hundred or so different stocks from lots of different companies. When you buy a share of a mutual fund, you're buying a small part of all those companies inside the fund. By owning one share of a mutual fund, you've diversified your money over as many as 500 different companies. Go look at some actual funds on Fidelity or Vanguard's website. Look at what stocks are in the fund, the average annual return, what types of companies are in the fund (technology, healthcare, financial, etc). As with reefing, there's a lot to learn, so take it slow.
EDIT: sort of an addendum, invest with a long-term mindset. Don't be jumping in and out of funds or investments. Buy something, hold it, and let it go up in value. Trying to time the market or day trade is very difficult to do.
Tuffyyyyy
2500 Club Member
Bleh. So tired of people freaking out about forks. It's been the same thing for years.
as for OP: look into Bitcoin. In my experience, it's much less regulated and easier to predict if you stay up to date on it. Just don't fall victim when weak hands take profit. Always keep your eyes on the prize that is Bitcoin heading to the moon.
jasonrusso
2500 Club Member
As I write this Ethereum is under $200. Time to buy more?
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