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FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 104381
Mood: Aging Cynic
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Trading.
Important tips for trading that I follow.
1)Get "How to make money in stocks" by William J. O'neil. That is the only book you will ever need in your life.
2)Don't buy stocks under $20.00 unless you see the volume and price go up with that volume. Sometimes to volume goes up and the price goes down.
If the average volume is 500,000 then jumps up to 4.5 million and there is really good news stories about this company and they have posted recent growth and earnings above 20% minimum over the last two quarters its probably a good buy. The jump in volume means big sponsors are buying that stock up and they move about 85% of the market. (ETFs, IRA's, Mutual Funds..those are the big buyers)
3) Never buy a company with negative earnings
4) Stay with the leading industry
5) Stick with the industry leaders in the leading industry that are moving up. (If there are 40 stocks in the solar group, stick with the top 20% and pick those with the most growth and volume)
6) Pay the money to get either Investors business daily online or paper version. I would suggest online and take their classes.
They are short and to the point and will make you a lot of money.
7)Don't dabble in stocks. Research the companies. You are not buying stocks..you are buying a company.
8)Get "How to make money in stocks" by William J. O'neil. That is the only book you will ever need in your life.
9) Learn to read charts and correctly learn proper buy points and pivot points to maximize your gains. (That book will teach you how and William Oneil is an expert in that)
9) Read "Rich dad Poor dad" by Robert Kiyosaki to get motivated.
10)Get "How to make money in stocks" by William J. O'neil. That is the only book you will ever need in your life...yes its that important...for the third time.
11) No I don't work for IBD or William J O'Neil
If you noticed today the Nasdaq was way down but solar stocks held firm and most even gained. FSLR is currently rolling over so stay out of that one until it levels out and forms a new base and goes up 5%.
YGE, ESLR (future...you may wait until the next 1/4 earning report), STP, and SPWR are still buys. (EDITED TO REMOVE SOLF AND ADD ESLR)
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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posted on 12/3/2007 at 16:03
