Stock Market UpSwing to level off?

As a daytrader (part-time), I am not totally concerned with a correction. You can still make money at it if you are careful.
Remember: what goes up must come down. That is a fundamental rule of stock trading.
I also follow the converse of that statement, but try to cautiously avoid becoming married to any stock for too long. It is far too easy to erase profits.
NI

[Praxeas]

Originally Posted by NobodyImportant

As a daytrader (part-time), I am not totally concerned with a correction. You can still make money at it if you are careful.
Remember: what goes up must come down. That is a fundamental rule of stock trading.
I also follow the converse of that statement, but try to cautiously avoid becoming married to any stock for too long. It is far too easy to erase profits.
NI

can you offer some suggestions on educating myself to do some day trading?

BTW are yiou referring to selling short?

Originally Posted by Praxeas

can you offer some suggestions on educating myself to do some day trading?

BTW are yiou referring to selling short?

I stay out of short selling simply because the risk can become high real fast. I prefer to by in and out of small issues where I can leverage a small amount of capitol and HOPEFULLY get a modest to good ROI.
If you are interested in daytrading, let me reccomend some good books to read before you plunk down any money:
a beginner's guide to day trading online- Toni Turner
The Electronic Day Trader- Marc Friedfertig and George West (A+++)
Stock Market Rules- Michael D. Sheimo (this is a must read)

Mrs. Turner's book is concise and discusses her ideas about trading. She reccomends some good ways to paper trade to avoid losses while gaining experience.

The Elec Day Trader offers some good strategies for trading and good outlines as well to learn while not losing money.

The last by Mr. Sheimo is excellent and dispels many miyths about trading. His experience in the market is second to none.

If you want advice, please accept this- don't trade until you have done several weeks of paper trading for experience. Had I followed this advice, it could have potentially saved me several thousand dollars which I lost on my first trade.

I have since learned a few things, but it was a very expensive lesson.
God bless,
NI

[Praxeas]

Originally Posted by NobodyImportant

I stay out of short selling simply because the risk can become high real fast. I prefer to by in and out of small issues where I can leverage a small amount of capitol and HOPEFULLY get a modest to good ROI.
If you are interested in daytrading, let me reccomend some good books to read before you plunk down any money:
a beginner's guide to day trading online- Toni Turner
The Electronic Day Trader- Marc Friedfertig and George West (A+++)
Stock Market Rules- Michael D. Sheimo (this is a must read)

Mrs. Turner's book is concise and discusses her ideas about trading. She reccomends some good ways to paper trade to avoid losses while gaining experience.

The Elec Day Trader offers some good strategies for trading and good outlines as well to learn while not losing money.

The last by Mr. Sheimo is excellent and dispels many miyths about trading. His experience in the market is second to none.

If you want advice, please accept this- don't trade until you have done several weeks of paper trading for experience. Had I followed this advice, it could have potentially saved me several thousand dollars which I lost on my first trade.

I have since learned a few things, but it was a very expensive lesson.
God bless,
NI

Thanks. Can I ask some questions? How much do you need to start? What exactly is day trading? Are you buying and selling "daily" on small ups and dips to make small profits that add up over time? Or do you hold for a while and then sell? Also, what about those capital gains taxes?

[The Mrs]

Buy HPQ...

They've been climbing steadily since they got rid of Carly Fiorino.

Originally Posted by The Mrs

Buy HPQ...

They've been climbing steadily since they got rid of Carly Fiorino.

Looks like good advice.

Analyst expect the stock to rise from its present 45 range to an average of almost 60 in FY '08. That would be a very healthy ROI. Analyst give it a "moderate buy" with a stock evaluation of 9 out of a possible 10. That is very good too. The P/E ration of 19.6 is a little more than I like. It has a low Debt/Equity ratio of only .23 and a very good net profit margin.

I don't like the fact that the insiders are selling their own stock in such huge volumes. But, that is not always a bad sign.

Good going girl. Got any more tidbits?

Originally Posted by The Mrs

Buy HPQ...

Take a look at RIO and tell me what you think. Technicals and Fundamentals look good. Powerful sales, low debt, huge earnings, expected to rise above 63 from its present 44. Net profit margin is a staggering 31.8. I believe this is a sleeper that is under the Street's radar.

With world-wide demand for iron and steel on the steady increase especially in China and India, this company appears to be a good buy for the long term.

[Brett Prince]

As a broker, I cannot legally comment concerning the topic of this thread in a forum like this. It has to be an SEC approved setting. I just don't think you are going to get the kind of advice on this subject in this venue. This thread will only amount to a lot of conjecture and opinions--many of which have very little knowledge behind them.

Oh! I forgot, that is usually the case on most threads on forums like this!

Sorry!

Carry on!



































TIC j/k!!!!

[The Mrs]

Originally Posted by Brother Strange

Take a look at RIO and tell me what you think. Technicals and Fundamentals look good. Powerful sales, low debt, huge earnings, expected to rise above 63 from its present 44. Net profit margin is a staggering 31.8. I believe this is a sleeper that is under the Street's radar.

With world-wide demand for iron and steel on the steady increase especially in China and India, this company appears to be a good buy for the long term.

I am not involved with the stock market except to know this particular stock. My husband works for HP. For the last 16 years, he's gotten stock options as awards, so I've kept up with where it's at. It was at over $100 when he was awarded most of those stock options, but then Carly got a hold of HP, and it plummeted down to about $15. So much for all those nice awards.

Of course the ones he's received since Carly came in will pay off nicely now.

Mark Herd is doing an excellent job putting the company back together. I wouldn't be surprised to see it steadily climb back up to $100 in the next few years.

Originally Posted by Praxeas

Thanks. Can I ask some questions? How much do you need to start? What exactly is day trading? Are you buying and selling "daily" on small ups and dips to make small profits that add up over time? Or do you hold for a while and then sell? Also, what about those capital gains taxes?

This is only my opinion and not to be used as investment advice. I am not a broker nor am I licensed as such. I am merely an independant day trader.
I try to trade in and out daily. Day trading is basiclly sitting at your keyboard and trying to outwit other traders and make a profit at the same time. It isn't for the weak hearted or for the emotional. You must be able to steel your nerves when things get rough, and they will at times.
Capital gains taxes are just taxes like anything else. You pay them and go on. Of course, your losses offset your real gains so you only pay on your true net gain.
Regarding holding stocks: I do occasionally take a long position, but to me a long position is maybe a week. I will watch a stock and if it looks like a good buy for long (week), then okay. Otherwise, I will buy in and out of it within a day or two at most, typically.
To start, you should have no less than $2000. More would be better since you will probably lose money before you start to earn any. For example: my first trade was a net loss of $1400. That hurt a lot and I learned some of the things that I shouldn't do. Painful, but a good price in the long run. It could have cost me much more down the road.
My second loss was much smaller, around $250. Another inexpensive lesson.
So, if you decide to do this, make sure that you do the homework and decide how much you can afford to lose before you jump in.
Losses are not fun, especially when you have to try to explain it to your spouse.
NI