Investment advice?

jerkit · 2006-02-08, 11:58 PM

I use to day trade a lot pre-2000, was actually going to be a broker, have all the required education.

Look into Schwab, I know back in the day if you opened an account and deposited over 20K you had no transaction fees for trading. That may have changed though. Personally now I just trade through my own bank/brokerage combination.

Also for novice investors I'll give a couple tips:

1) Don't try to time the market, just invest regular amounts at regular intervals to index funds or stocks which mirror the market. DIA, SPY, QQQQ mirror the Dow Jones Industrial Average, S & P 500 and the Nasdaq 100 respectively.

2) If you MUST try to time the market, this works 9/10 years.. buy tech in October, sell by March. Rinse and repeat.

3) If you see a big company go down in flames, wait.. wait.. and wait some more, there might be big profits to be made once things look like they're bottoming out.

4) Remember if all hope is lost, it's probably time to buy. And if everyone's ecstatic about the market, it's probably time to sell.

Personally I use to trade tech stocks as well as stock options.. lived for the volatility. Course, my personal accounts made a lot of $ off me in transaction fees, so my minimum trade size would be $2K.

Hope it helps!

LowryBigwood · 2006-02-09, 12:30 AM

Quote:

Originally Posted by jerkit

Look into Schwab, I know back in the day if you opened an account and deposited over 20K you had no transaction fees for trading. That may have changed though. Personally now I just trade through my own bank/brokerage combination.

I've got to start really small, and slow. I wish I had 20k to deposit, but I'm still waiting to take over the adult net.

Quote:

Originally Posted by jerkit

Also for novice investors I'll give a couple tips:

1) Don't try to time the market, just invest regular amounts at regular intervals to index funds or stocks which mirror the market. DIA, SPY, QQQQ mirror the Dow Jones Industrial Average, S & P 500 and the Nasdaq 100 respectively.

2) If you MUST try to time the market, this works 9/10 years.. buy tech in October, sell by March. Rinse and repeat.

3) If you see a big company go down in flames, wait.. wait.. and wait some more, there might be big profits to be made once things look like they're bottoming out.

4) Remember if all hope is lost, it's probably time to buy. And if everyone's ecstatic about the market, it's probably time to sell.

Personally I use to trade tech stocks as well as stock options.. lived for the volatility. Course, my personal accounts made a lot of $ off me in transaction fees, so my minimum trade size would be $2K.

Hope it helps!

Thanks for the tips, good info!

thruma · 2006-02-09, 02:54 AM

Check out MITTS

the way they work is you get a guaranteed sell price per share at a specific time in the future.

Some of them trade now at $8 or $9 but guarantee you a sell price of $10 in the future. The bonus is they can also move up to any price at all so you could posibly sell for higher than $10.

Usually if you're getting in at a low price it means you have to wait at least 2 years or more for it to mature. It's a nice secure profit though.

2006-02-08, 11:58 PM	#1
jerkit WHO IS FONZY!?! Don't they teach you anything at school? Join Date: Jun 2005 Posts: 42	I use to day trade a lot pre-2000, was actually going to be a broker, have all the required education. Look into Schwab, I know back in the day if you opened an account and deposited over 20K you had no transaction fees for trading. That may have changed though. Personally now I just trade through my own bank/brokerage combination. Also for novice investors I'll give a couple tips: 1) Don't try to time the market, just invest regular amounts at regular intervals to index funds or stocks which mirror the market. DIA, SPY, QQQQ mirror the Dow Jones Industrial Average, S & P 500 and the Nasdaq 100 respectively. 2) If you MUST try to time the market, this works 9/10 years.. buy tech in October, sell by March. Rinse and repeat. 3) If you see a big company go down in flames, wait.. wait.. and wait some more, there might be big profits to be made once things look like they're bottoming out. 4) Remember if all hope is lost, it's probably time to buy. And if everyone's ecstatic about the market, it's probably time to sell. Personally I use to trade tech stocks as well as stock options.. lived for the volatility. Course, my personal accounts made a lot of $ off me in transaction fees, so my minimum trade size would be $2K. Hope it helps! __________________ Regards, Darryl Submit Free Sites at Jerk-It! (I try to do maximum 24-48 hour turnaround)

2006-02-09, 02:54 AM	#3
thruma Aw, Dad, you've done a lot of great things, but you're a very old man, and old people are useless Join Date: Feb 2006 Location: Canada Posts: 24	Check out MITTS the way they work is you get a guaranteed sell price per share at a specific time in the future. Some of them trade now at $8 or $9 but guarantee you a sell price of $10 in the future. The bonus is they can also move up to any price at all so you could posibly sell for higher than $10. Usually if you're getting in at a low price it means you have to wait at least 2 years or more for it to mature. It's a nice secure profit though.