A Simple List of General Do's & Dont's of Trading: Message Board

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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading:

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From: Arthur Tang	10/9/2006 5:00:30 AM
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Stock picking businss ? When you pick the first stock, you are a stock picker. But when you pick the second stock, your are creating an index fund. The basket of stocks you own will ride with the market when economy is good, and pull back when economy goes in recession. You do not have to reshuffle too much. When you get more experience, you might become a cash pool with others, and invest for a killing. You then become a market timer. Invest when stock goes down, and make a market for that stock to distribute it and move the stock nicely. Warren Buffet does it at solomom Bros. Many day traders do that every day. All the available cash goes into one stock, and trades 33 times a day to catch a few penny up from down(long) or down from up(short). You probably lose your shirt betting against one market maker. But if you buy and sell stock on several discount brokerages, you might have a better chance to catch the latencies in computer systems. Have fun, but the more riskiness, the more rewards. To stay away from risks, you have to do it the Warren Buffet way, and become the defacto market maker.

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