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| baseballl14 |
 Posted: Thu Oct 11, 2007 5:25 am Post subject: New to Investing looking for advice |
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New Poster
Joined: 11 Oct 2007
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Hi, Im a local college student looking to learn about mometum stock trading in order to help off set some of my college costs. While in my school library I came across someone using this site, and they highly recommend this. I m looking for some practice before I invest real money. If you have any advice for me please write back to me either here or through my email damad148@erau.edu
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| blackfoxtrade |
| Posted: Fri Oct 12, 2007 2:06 am Post subject: |
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If you want to be a momentum trader you have to keep your focus on the stock market at all times. It is not a hobby - quite the contrary - it's a full time job. I don't know if you have the time and will to do it, but if you do, then start off by learning technical analysis and then trade on the simulator for a while. You should also keep an eye on the volumes of the stocks you are trading.
www.investopedia.org is a good place to start. 
www.stockcharts.com allows you to draw charts using TA |
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| Im Not Warren Buffett |
| Posted: Fri Oct 12, 2007 2:53 am Post subject: |
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CFO
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Hm, two Sox playoff tickets say that I can guess who referred you.
First question is, why do you prefer momentum trading? |
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| baseballl14 |
| Posted: Fri Oct 12, 2007 7:57 pm Post subject: |
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New Poster
Joined: 11 Oct 2007
Posts: 3
This Month: 0
1595.77 e$
Net worth: 3,548.15
Portfolio Value: 1,952.38
Monthly Return: -6.99%
Trades this month: 0
Churn Rate: 0.00%Items
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| well unfortunately i m a die hard yankee fan so Sox tickets do me no good, but thanks. I've heard its a way to make large money fast, and at the current situation thats what I need until I have enough to be able to sit and develop a real portfolio and such for my future. |
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| Im Not Warren Buffett |
| Posted: Sat Oct 13, 2007 6:22 am Post subject: |
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CFO
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Maybe if you flip on the Golf Channel, you can watch some of your heroes play their favorite October sport...
Momentum trading is a good way to make money fast. It is also a good way to lose money very fast. You need to approach the market from the right perspective first, because if you think it is an ATM you are going to lose a lot.
That said, I don't subscribe to the voodoo theories. I do a bit of stat arb more as a hobby than anything else, but otherwise I'm almost exclusively fundamentals.
You can try your hand at the mo-mo puppies like BIDU, RIMM, AAPL, and AMZN here for practice - maybe you'll get lucky and it will teach you what happens when you ignore fundamentals. Otherwise, I recommend you look at People's Momentum... er, Investor's Business Daily (IBD). |
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| blackfoxtrade |
| Posted: Sun Oct 14, 2007 1:03 am Post subject: |
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Associate
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| Im Not Warren Buffett wrote: | | Momentum trading is a good way to make money fast. It is also a good way to lose money very fast. You need to approach the market from the right perspective first, because if you think it is an ATM you are going to lose a lot. |
The fastest way to make a million is to start off with a 100 million. |
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| Im Not Warren Buffett |
| Posted: Sun Oct 14, 2007 4:00 am Post subject: |
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CFO
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| blackfoxtrade wrote: | | Im Not Warren Buffett wrote: | | Momentum trading is a good way to make money fast. It is also a good way to lose money very fast. You need to approach the market from the right perspective first, because if you think it is an ATM you are going to lose a lot. |
The fastest way to make a million is to start off with a 100 million. |
The absolute easiest way to become a millionaire is start with a billion dollars, then buy an airline. |
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| NCSUPAGE |
| Posted: Mon Oct 15, 2007 6:00 am Post subject: |
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Investing Manager
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| Im Not Warren Buffett wrote: | | The absolute easiest way to become a millionaire is start with a billion dollars, then buy an airline. |
It's sad how true that is!  |
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| baseballl14 |
| Posted: Mon Oct 15, 2007 9:43 am Post subject: |
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New Poster
Joined: 11 Oct 2007
Posts: 3
This Month: 0
1595.77 e$
Net worth: 3,548.15
Portfolio Value: 1,952.38
Monthly Return: -6.99%
Trades this month: 0
Churn Rate: 0.00%Items
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| haha yes it is sad how true that is. Thanks for the advice, on another note if I could buy an airline I'd make them teach me how to fly instead of spending 50k a year on it. |
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