Great post ,,
Paper trading ..
I strongly recommend for those starting out ,, indeed do a paper trade,,
It is better to trade on paper and watch only one stock that you know best ,,
Watch it like a biologist watching an ant family all day ,, for a month ,, we are talking about serious money here,, not gambling ,,
Watch it like a little league coach ,, waching kids ,, at the trials ,, watch it like you would watch Jordan ,, on the court,,
See how it behaves,, how it opens , compare to other stocks ,, when is the weakness ,,
You can make a living trading same stock over and over all day long ,, for 1/4 here 1/2 there ,, on 1,000 shares ,, at 250 to 500 dolars a pop ,, if you do it 5 times win 3 lose 2 ,, you are coming out with 500 to 1,000 bucks a day ...
So hypothetically ,, say with ,, 5000 dollars,, with margin at 10,000 dollars ,, find a fast moving stock with volume - liquidity ,,(must)
on 1,000 shares of 10 dollar stock ,, look for that 1/4 - 1/2 point ,, here ,,, you have a limited risk ,,
I see too many fools spend more time on studying ,, new streo or TV before they buying then on the stocks that they trade or invest in ,,
Or even at a magazine stand ,, they browse free for hours ,, before paying that 2.99 ,,,
;-) |
