SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Connor26 who wrote (61498)9/15/1999 10:28:00 PM
From: nokomis  Respond to of 120523
 
..wrong...



To: Connor26 who wrote (61498)9/15/1999 11:35:00 PM
From: Susan G  Read Replies (2) | Respond to of 120523
 
IBD also has an interesting article on the top 200 Tech Stocks today. But I TOTALLY disagree with that $10,000 trade one or 2 stock advice. If this was the way I traded when I started, I'm sure I would have lost it all by now. My best trades ever have been on approx. 100 shares - sometimes less on the expensive nets that are over 100 dollars. It's much safer as a newbie trader to buy smaller lots until you are more sure of yourself. And when you have 50 or 100 shares you don't totally freak out if they drop a buck or two - or FIVE. But with 500 or 1000 shares, it's harder to manage your emotions and you usually end up selling at the bottom in a panic, only to see it recover the next day.

It is important though, not to own too many at once so that you miss a move because you have too much to keep track of. Jenna's advice was excellent - to only watch 20 stocks closely - more and it's overwhelming.

I tend to hold stocks a little longer than most traders, a much easier feat if you have a small amount. For example, one of my recent trades: 50 shares of DISH at 60 3/8 one down day, 8/9. When I saw how low it was, I couldn't resist bottom fishing and spent the "loose change" in my account on those shares.
This week it has been trading between 90 - 93, one month later. And although some days it was down 5 points, it was not stressful at all - a $250 loss, big deal. And now I have $1500 gain in one month on 50 shares. Not bad...

So for all you new traders, don't feel hesitant to trade small amounts to start. Buying 1000 shares of a stock that turns down 2 pts quicker than you can click on your brokerage window can be very traumatic!! But with a few smaller, manageable trades it is not. AND...you will keep your sanity <ggg>