stock traders how y'all doing

[TX_bowhunter37]

What do you look for in a stock

[TX_bowhunter37]

bump

[blntrey3]

I look at History and Read as much as possible. Buying and selling in most instances is immediate.

As a new player I would pick a good name and play the swings such as Royal Dutch Shell RDSA or Chevron CVX.

^^^This is how I started and I would make myself buy and sell on $5 swings on the same stock to keep increasing my positions until I had a chunk then I started Day trading.....it can be very addictive. Now I have went all in on LNGLF for a long term run.

[TX_bowhunter37]

Can you recommend any good reading material? Also do you need to read the perspectives? what materials do you use when your buying and trading

[perfectstorm]

Bookmarked.

[RiverRat1]

Can you recommend any good reading material? Also do you need to read the perspectives? what materials do you use when your buying and trading

It all depends on what you want to do. Daytrade, trade on news PRs, swing trade weekly or monthly, or buy and hold for long term. And each of these can be combined with trading on psychology or based on chart technicals.

If daytrading I would never read perspectives..I mean why? Get in and out. If holding a few days, weeks or longer make sure the company isn't close to selling shares to get money.

Basically if you can buy and NOT lose you're doing great. IMO avoiding pitfalls is by far the most important thing.

But there are a thousand ways to trade. You need to find a path before people can help much.

[TX_bowhunter37]

that path i am trying to find. Day trading is what looks like what i want to do think i am going to do some dry runs

[be12hunt]

I look at History and Read as much as possible. Buying and selling in most instances is immediate.

As a new player I would pick a good name and play the swings such as Royal Dutch Shell RDSA or Chevron CVX.

^^^This is how I started and I would make myself buy and sell on $5 swings on the same stock to keep increasing my positions until I had a chunk then I started Day trading.....it can be very addictive. Now I have went all in on LNGLF for a long term run.

I have been really watching this one. I think it's a good buy but I haven't done enough research yet and have most of my money already tied up.

[cosmiccowboy]

I picked up 2250 shares of LNGLF a few months back and just watched it zigzag sideways for months but that bump last week was sweet. I'm up about 20%. They signed a purchase commitment for the first 25% of production at Magnolia and just need to clear the last US government hurdles to get started on construction. it's still very much a speculative play however and could end up worthless.

[RiverRat1]

Here's what I own right now, why, and my price targets

BNHLF - Should hear from the FDA on June 30th for their BLA - Target is 40 cents. Higher risk play.

PTBI - Undervalues bio play. A few upcoming events over the next 2-4 months. 70% of shares are owned by institutions and insiders. Holding for $4.50 plus. Moves real easy.

LINE - Holding long in case oil continues going up.
TTNP - Holding for FDA news. Stock already up so don't recommend buying bow unless it dips below 65 cents. Holding out for 85 cents or so.

[duckmanep]

in a gambling mood. bought some KORS after the tank Wednesday.

[lwelch70]

in a gambling mood. bought some KORS after the tank Wednesday.

It's a good buy for a long term in my opinion.

[BigL]

How can u get started i been wanting but not sure where to start.

You said you have your 401k in fido. You can probably start there. See if you can trade your 401k. I actually advise against it if you don't know what you're doing. Maybe put 3/4 your account in an index fund or an age based retirement fund and trade the rest. Don't go all in if you don't know what you're doing.

Cool i do t have any apple products. So i have question about stocks probably the reaaon why i have not started. When u buy a stock and it drops below what you paid for it do u have to pay anything extra in losses or do u just loose the money u put in

You only truly lose the money when you sell the stock that is underwater... If you hold you don't have to pay anything unless you're heavily margined and the losses take you into a margin call.

When u sale how long does it take to sale the stock? When you are looking to purchase?
Should be same day although to clear the trade it's T+3 days. Depending on your account that may mean something when it comes to buying the next or pulling the $ out otherwise I wouldn't worry about it.

What advice would give to a very new person that has no experiance

Do a lot of paper trading first.

What do you look for in a stock

Do a lot of paper trading first. Make sure you have a strategy and stick to it. Tweak the strategy if needed but stay disciplined.

If you want to daytrade, I would learn all I could about charting patterns. The technical are your key to short term profits. Check out the Chartered Market Technician reading materials. You can find the suggested reading materials at mta.org Once you know how to interpret the technical you can find momentum trades and profit from it. If you are looking for longer term buy and hold stocks, then learn how to research their fundamental data. There is a lot to learn. Hard to say what is best based on here but your experience (or lack of it), risk tolerance, goals, etc. are all going to come in play for what you are looking for. Feel free to PM me and I'll try to help where I can. I'm not licensed or anything but am willing to share what I know.

My stocks are doing great this year. Stay focused on the trends - mobile, social, cloud, and security and you'll do OK.

Also buy good companies in down sectors. For example SLB is a great pick up for oil. Or go for trend and go with something like FB. Just look in the apple store and FB apps/companies have something like the top 7 free apps. If they figure out how to monetize that, it's going to take off. Also DIS is not a bad stock. You missed the Frozen gains but a starwars movie in Dec could cause it to go to it's next leg higher. Pay attention to the news and find stocks that will move based on the hot news topic whether it's ebola, or the call for police to have body cameras (GPRO)...

[Bayouboy]

Keep an eye on Marathon refining. MPC. It has been doing well. And, is about to split.

[duckmanep]

It's a good buy for a long term in my opinion.

doing okay so far