[ale] OT: Stock Traders?

[ChangingLINKS.com]

Wow. The list seems somewhat pessimistic. Methinks many where heavily invested 
in tech stocks at some point. ;)
George's solution (below) is great advice. ALSO, if you want to leave the 
money in the market (and you aren't tooo concerned about losing it) here's a 
tip:

Sometimes, I get emails from friends that read like ad copy. The email says 
"buy stock in this company because they are going to change the world, and 
they almost have a patent." (For example, one company detailed a problem with 
the water system and how they designed a new filter the water plants would 
need.) The stock was offered below $1 per share. 

I have seen this more than twice, and didn't invest anything. However, I 
*watched* the stock prices tripple and fall again - there was high volitility 
- and high profits to be made in short timeframes. I believe that the stocks 
movement was based on the marketing. I have not checked the price lately, but 
if you want to know I can find out.

Seeing the price jump and fall may be an emotional rollercoaster. To help keep 
emotions in the heart and not in the market. A trick to offset the emotions 
is to determine in advance what you would sell for if the stock goes up, and 
what you are willing to lose. If you are using Ameritrade, you can set these 
values as soon as you buy the stock. That way your stock is sold 
*automatically* (other stock market rules apply)(watch Ameritrade they can 
"forget" to sell sometimes). If the stock moves favorably, you can move your 
values up to set a new range.

Hope that helps - I know the next time I see one of those opportunities I am 
going to play it. If nothing else, it is extremely entertaining. I haven't 
looked lately, but there were message boards on the net somewhere that 
circulated that information.

-- 
Wishing you Happiness, Joy and Laughter,
Drew Brown
http://www.ChangingLINKS.com

Disclaimer: I am usually a contrarian investor and typically advise against 
the stock market altogether. I avoided the market losses by buying physical 
gold at $260 and weathered the ridicule. I recommend silver now (buy at 
$4.50). Coincidently, most markets declined today, while the metals advanced. 
YMMV









On Thu April 24 2003 14:16, George Carless wrote:
> There are stock trading clubs which you can join and play the markets with
> 'pretend' money, to learn the ropes.  I'd recommend doing this before
> laying down cash.. and to be honest, $150 really ain't enough to make it
> worth playing the markets.. stick it in a savings account or whatnot,
> instead.
>
> Of course, I'm British and don't really understand my own country's
> financial practices, let alone yours.  But I would think that an IRA or
> whatnot would be a better bet, first of all, than stocks.
>
> --George
>
> On Thu, 24 Apr 2003, Robert L. Harris wrote:
> > I'm a bit more interested in see'ing what I can watch and learn than
> > just a big cash hit.  My take on gambling (stocks and vegas) is to kiss
> > it goodbye before you put it down.  In this case it's just some stock
> > options that were left over from a while ago I forgot about.  Figured
> > I'd play with it.
> >
> > Thus spake John Wells (jb at sourceillustrated.com):
> > > Robert,
> > >
> > > TIP: drive to Biloxi and lay that money down on one round of blackjack.
> > > You'll have better odds there ;-)
> > >
> > > John
> > >
> > > On Thu, 24 Apr 2003, Robert L. Harris wrote:
> > > > Anyone here do any day trading as a hoby/investment?  I've got a
> > > > little ($150) I can play with in stock and thinking of just messing
> > > > with it. Looking for some tips, good news sites, etc.
> > > >
> > > > Robert
> > > >
> > > > :wq!
> > > >
> > > > ---------------------------------------------------------------------
> > > >------ Robert L. Harris                     | PGP Key ID: E344DA3B
> > > >                                          @ x-hkp://pgp.mit.edu
> > > > DISCLAIMER:
> > > >       These are MY OPINIONS ALONE.  I speak for no-one else.
> > > >
> > > > Diagnosis: witzelsucht
> > > >
> > > > IPv6 = robert at ipv6.rdlg.net	http://ipv6.rdlg.net
> > > > IPv4 = robert at mail.rdlg.net	http://www.rdlg.net
> > :
> > :wq!
> >
> > -------------------------------------------------------------------------
> >-- Robert L. Harris                     | PGP Key ID: E344DA3B
> >                                          @ x-hkp://pgp.mit.edu
> > DISCLAIMER:
> >       These are MY OPINIONS ALONE.  I speak for no-one else.
> >
> > Diagnosis: witzelsucht
> >
> > IPv6 = robert at ipv6.rdlg.net	http://ipv6.rdlg.net
> > IPv4 = robert at mail.rdlg.net	http://www.rdlg.net
>
> _______________________________________________
> Ale mailing list
> Ale at ale.org
> http://www.ale.org/mailman/listinfo/ale


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