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Title: Gatlins Stock tips and money advice
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Published: Feb 5, 2018
Author: Hopefully Gatlin
Post Date: 2018-02-05 18:32:47 by A K A Stone
Keywords: None
Views: 28651
Comments: 167
You wanna get rich? You just might if you follow this advice.
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Begin Trace Mode for Comment # 6.
#1. To: Gatlin (#0)
Hope you don't mind.
There is no link to any advice that I can find. Check it ...
It is for you to provide the content.
Start by reading here: The Key To Stock Market Success.
That is a lot of links. How about some specifics. If I had a thousand bucks and I wanted to invest it for a month, what would you buy?
#7. To: A K A Stone (#6)
Good question
I will do this exercise for you in steps but it is important that I begin by presenting the definition of Swing Trading: Swing trading attempts to capture gains in a stock (or any financial instrument) within an overnight hold to several weeks. Swing traders use technical analysis to look for stocks with short-term price momentum. These traders may utilize fundamental or intrinsic value of stocks in addition to analyzing the price trends and patterns. The trader must act quickly to find situations in which a stock has the extraordinary potential to move in such a short time frame. Therefore, swing trading is mainly used by at-home and day traders. Large institutions trade in sizes too big to move in and out of stocks quickly. The individual trader is able to exploit such short-term stock movements without having to compete with the major traders. Swing trading involves holding a position either long or short at least overnight and or up to several weeks. The goal is to capture a larger price move than is possible on an intra-day basis. Swing trading assumes a larger price range and price move and therefore requires careful position sizing to minimize downside risk. Swing trading can involve a mix of fundamental and technical analysis. Swing trades usually rely on larger time frame charts including the 15-minute, 60-minute, daily and weekly charts. Swing trades tend to require more holding time to generate the anticipated price move. The distinction between swing trading and day trading is the holding position time. Swing trading involves at least an overnight hold, whereas day trading closes out positions before the market close. Day trading positions are segmented to a single day only. Swing trading involves holding for several days to weeks. By holding overnight, the swing trader incurs the unpredictability of overnight risk resulting in gaps up or down against the position. By undertaking the overnight risk, swing trades are usually done with a smaller position size compared to day trading, which utilizes larger position sizes usually involving leverage through day trading margin. Swing trading can utilize the overnight margin of 50% if the account meets the pattern day trading (PDT) rule of maintaining at least $25,000 in account equity. Swing trading on margin can be extra risky in the event a margin call triggers. A swing trader tends to look for multi-day chart patterns. Some of the more common patterns involve moving average crossovers, cup-and-handle patterns, head and shoulders patterns, flags, and triangles. Key reversal candlesticks, such as hammers for reversal bottoms and shooting stars for reversal price tops, are commonly used in addition to other indicators to devise a solid trading game plan. Stop-losses tend to also be wider when swing trading to match the proportionate profit target. I am out of the market right now. Fortunately for me, all of my stocks sold off automatically on Friday with a stop loss order at one percent. I started to buy back in today but decided not to because the market was so jittery. BTW, no plan will get you rich in the stock market. But doing the right things consistently over the years can be comforting and enjoyable. There is an old addage many of you may have heard. It goes something like this: The way to make get one million dollars out of the stock market is to start with two million dollars.” I will begin the first step walking you through it in my next post. This will be fun ...
I would pay an interest-bearing debt. You will pay more interest on that $1000 owed than you will gain on your investment of $1000, so use the $1000 to get rid of any interest-bearing debt you may have. Once you have no interest- bearing debt that charges more interest than you would earn on a municipal bond, then you could consider investing in something that might produce a return. But you might be better served investing the $1000 on something that will improve your health. For $500 you could buy a Sperti sunlamp and get 100% of your daily Vitamin D requirement (a thing in which almost all Americans are deficient) for about 3 minutes standing in the light with goggles on. When you have $1000 a month to invest, or ten thousand in a lump sum, THEN could consider investing in equities or debt instruments to earn a money return on your money.
First - don't invest in anything you do not understand. You probably do not really understand Bitcoin. Scarcely anybody does. Don't invest in that sort of thing. Second - remember taxes, and remember that the "net gains" tables that are sometimes provided showing you gains net of taxes hardly ever include state taxes, or city taxes, both of which are over and above the federal taxes. Do the calculation yourself of what $100 gain will leave YOU with, after federal, state and local income taxes OR short term or long term capital gains federal, state and local taxes OR federal, state and local taxes on gains on commodities (25% federal tax on gains in gold held, for example) OR taxes on dividends, OR Taxes on interest. However you're going to make money in the investment, you're going to be taxed. To properly compare one investment to another, the number that really matters is what you have left in your hand after taxes. Third - Remember transaction costs. It costs money to sell a security, and more money to buy another one. Every time you change positions, you pay an exit fee and you pay an entrance fee. Fourth - Remember "loads" on mutual funds, and management fees. Understand how the financial manager will pay himself every month out of your money in any managed product. Fifth - Remember tax-advantage investments like IRAs and 401(k)s, but also remember the disadvantages of such structures: you money is trapped, and your options are limited. Example: You're probably better off buying a 4.4% municipal bond and holding it to maturity than you are buy a 7% corporate bond and holding it to maturity.
Depends on what your objective is. For 1000 you could get a nice start in keeping these... Albeit, keeping them does require actual work. Just having the tools doesn't guarantee success.
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#2. To: A K A Stone (#1)
#3. To: Gatlin (#2)
#4. To: A K A Stone (#3)
(Edited)
It is for you to provide the content.
#6. To: Gatlin (#4)
Replies to Comment # 6. If I had a thousand bucks and I wanted to invest it for a month, what would you buy?
#8. To: A K A Stone (#6)
If I had a thousand bucks and I wanted to invest it for a month, what would you buy?
This is going to be difficult to answer. It will take time and some detailed explanation, but I will do this for you. First of all, I cannot answer the question as you posed it because I have never approached trading in that manner. Meaning, As a Swing Trader, I always place a Stop Loss order on each equity I purchase. So, the sell order occurs automatically and I therefore place no time restrictions on any stock buy. I am sometimes in and out of a stock within few minutes and often times I am in and out of a stock the same day, At other times, I am in for as long as a month or two before being being automatically sold out. DEFINITION of 'Swing Trading'
BREAKING DOWN 'Swing Trading'
Day Trading Versus Swing Trading
I will offer no advice....none whatsoever. But since you asked and definitely seem interested, I will do a ONE time walk-though exercise with you. I will tell you what I am now planning. I may modify my plan tomorrow morning depending on the opening price of the stock I choose.
#12. To: A K A Stone (#6)
If I had a thousand bucks and I wanted to invest it for a month, what would you buy?
#14. To: A K A Stone (#6)
#30. To: A K A Stone (#6)
what would you buy?
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