Playing the stock market...

44 replies
Hey everyone,
Just wondering if any warriors play the stockmarket on a regular basis? I'm always keen to try out new ways to make money from the comfort of my own home and it looks like an interesting avenue..

What are your experiences with it? How much money have you made and how difficult is it to get 'good' at it (Make a profit)?

P.S. Yes I know the global recession probably isn't the best time to be thinking about it but I figured buy low now and sell high later?

Thanks
#market #playing #stock
  • Profile picture of the author chill123
    i do.

    where there is volatility there is money to be made. recently volatility has been through the roof.

    the keyy to success is to be ruthless. so many people lose money by hanging on to stocks that are dying in the hope that that HAVE to rise eventually. you should set your profit/loss stops before you buy in to a position and stick to them.
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    • Profile picture of the author Jeff B
      This is actually the best time to buy stocks (in a solid company) that are undervalued.

      Read everything you can by Warren Buffet.
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      • Profile picture of the author drknowbody
        Originally Posted by Jeff B View Post

        This is actually the best time to buy stocks (in a solid company) that are undervalued.

        Read everything you can by Warren Buffet.
        How do you know what the solid companies are? Buffet thought Citi a great buy, they will likely be bankrupt by the Christmas.
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        • Profile picture of the author Marhelper
          I have traded for quite a while and had some tough times as well as made very sizable gains. It is really interesting to listen to so many "experts" expound on some esoteric variables and indicators that tell them the market is going to go on a serious bull run after Valentines day, etc.. Be very careful of what others have to say. Here is what I believe to be grounded and rational advice:

          1. Perform due diligence. Do not trade because "It feels right." You will lose everything if you do

          2. Never Never Never trade with money you cannot afford to lose!

          3. Learn where your greed and fear triggers are and trade in light of this awareness.

          4. Do NOT short. Yes, it is a bear market but shorting will come back to bite you if you do it enough. This is best left up to the very experienced and it is even dangerous for them.

          5. If you want to buy like Buffet consider that he has billions to lose and has done so, do you?

          6. If you are going to buy and hold and go long stocks with excellent P/E ratios, etc ... then look to buy ETFs (IE: XHB, XLF ...) as the "buy in basket" approach will save you from the potential bankruptcies found in individual stocks.

          PM me if you would like ...

          George
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  • Profile picture of the author radiohead
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    • Profile picture of the author discrat
      Originally Posted by radiohead View Post

      This is actually the best time to buy stocks (in a solid company) that are undervalued.

      Read everything you can by Warren Buffet.
      ---------------------------------------------------------------------

      Yeah especially the part about his biggest losses ever and the fact he's considering calling it quits. Buy and hold works great in enormous bull cycles (1981-2000) we are now in a massive bear cycle 2000 - 2015+? A few good years in between but generally down.

      Solid companies that are undervalued. LOL. Right like YHOO, GOOGLE, DRYS, FSLR? Fact is everythign is going down big time.

      FACT. you can't best the market. So either be in cash or trade short. There is only pain buying stocks now and the the forseeable future. It's bleak.
      This is why I am BUYING Now. As soon as this guy starts saying 'better days are here again', I AM OUT
      The best advice I ever got was from my Dad and that is Buy when everyone else is Panicking . And Sell when they are over-Exuberant
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  • Profile picture of the author radiohead
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  • Profile picture of the author radiohead
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  • Profile picture of the author Jakehyten
    if you want to make money right now its in shorting stocks. I shorted bofa and sbux at 24 and 13 respectively
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  • Profile picture of the author Paul Langham
    Hi,

    Just joined this forum, so am new here, but am a very old hand to trading.

    No one can tell when this will be over or when the bottom will come in - not even Warren Buffet. There are two ways to play this, the first is (if you must) bottom fish (catching a falling knife) - for some reason people absolutely have to do this - why I will never know. You drip feed in the smallest amount of your portfolio possible on heavy DOWN days - so buy into the selling and hope you are near the bottom - note the word hope.

    I don`t recommend bottom fishing at all full stop. What are going through currently is almost uncharted waters and you could drip feed your entire pot away if you get unlucky.

    The more sensible way is to wait until the market has bottomed - you will know this after it has happend , when there is a multi month basing month followed by us getting higher highs and higher lows. Once you get this then you can go in buying the pullbacks, not before.

    Regards

    Paul
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  • Profile picture of the author looseleafpress
    There is a lot of money to be made on the stock market, and generally when the markets are down is a good time to buy stocks in solid companies. However with the current economic environment, you should really hold off for a few months. The markey looks like it wants to keep retesting the low and as a result you have a real good chance of losing your shirt right now.
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  • Profile picture of the author Dontrell Lyons
    There is still money to be made in stocks, you just have to know how to play it! You can buy what they call "shorts" where you buy a stock and make money if the stock lowers, "google it"

    There is always a way to turn Sh*t into Sugar!
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  • Profile picture of the author jazzyjeff
    George,

    Now is the best time to make money in the stock market than ever has before
    . The reason I say that is because there is a downtrend on almost every stock right now. Now that you have a general idea of where the trend is going, this is where the money will be made.

    You can either short stocks or buy put options. Look up both terms on Google and learn about them.

    Jeff
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  • Profile picture of the author rondo
    As of today the Australian stock market is down 50% in 12 months.
    Ouch!
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  • Some very helpful replies guys thanks alot

    Can I just ask how much money you're all making?
    You see, I'm trying to decide between devoting time to the stock market or finally learning Adwords as PPC is something I've little experience with too.
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  • Profile picture of the author DBryan78324
    "Options" I haven't traded on the stock market for some time now. But yes, learn all you can about "Options" cause they are your best way to go. I would not get into Options right now, due to the ups and downs of the market, but once things settle down you can make money on Options. If you want to get into the market right now, plan on setting at your computer from the time the market opens until it closes. Buy either a falling stock or a raising stock and as soon as it changes directions, selllllllllllll. Don't hold onto a stock in hopes that it will come back up in price, get rid of it. You can always buy it back if it turns the other direction, but things are happening to fast to hang on, unless you got a ton of money to invest. Right now, I have been doing some trading on the Forex market, did good for awhile, until I fell asleep with 7 currencies open, got a margin call and lost it all and by all, I mean a heck of a lot of money. That's why I am on the Warrior site trying to learn how to make money the safe way, without investing a lot of money. Good Luck
    Dave
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  • Profile picture of the author chill123
    i currently work for a European investment bank so am pretty close to what is going on and have seen first hand the chaos that has been going on.

    the only bit of good news out there right now is falling oil prices. the irony is that this is being caused by the markets expectations of global economic recession.

    I have been studying quite a bit the correlation between commodities such as oil and the equities markets. oil is a great indicator.

    if you want to make decent cash you need to develop a decent strategy. buy and hold can be great in the long run but as many have you can easily get your profits wiped out in a short period.

    the real money at the minute is being made by those trading correlation and volatility.
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    • Profile picture of the author Ian Jackson
      George, since you're in the UK, you could use a vehicle known as spread betting (or spread trading). Its popularity is mainly used with technical trading, and is based on share/stock closing price.

      Placing a trade is based upon one's conclusion of how various "technical indicators" fit onto a time/price chart, in conjuntion with the price. Although usually tech and fundamental traders will argue the toss forever and a day, IMHO fundamental analysis (trawling through company data) takes too long.

      When you trade in shares per se, you are subject to having to physically hold shares, broker fees and taxes, for instance. Not so with spread trading.

      2 sites you could take a look at are: Short Swing Trading by David Graeme-Smith (day/swing trading) by David Graeme-Smith, and Complete Forex Training Course | Forex Training Works by Sid Wyemann (Forex). Both are truly excellent for beginners. I'm affiliated to shortswingtrading - but only through my sig link, and Sid has no affliliate or partner prog anyway.
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  • Profile picture of the author aspiepower
    If you're new you should only "play" the stock market (inverted commas because this is a serious issue/business) with CASH you:
    - can afford to lose
    - can afford to wait 15-20 years to get back

    The minute you start you have to assume the money you put in is lost, or unavailable for 20 years. When the markets turn nasty, it can take 25 years to recover!

    I would like to do something with stocks/shares, just £1000 or so, but not got round to it.

    People borrowing and expecting fortunes is what got us IN this mess! Things will be getting worse.
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  • Profile picture of the author Hardi Wijaya
    For better prediction, you should check out what David Icke says. Google it. I highly recommend it.


    Hardi
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  • Thanks a lot for the helpful reply Ian, I'll look into it and let you know how I get on
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    • Profile picture of the author kusumo
      Money still can be made in today's market or any market. I am up 68% since July 29th of this year with a consistent strategy that works well in any type of market, bull or bear.

      I am now a professional day-trader for myself since leaving my job as a manager of an investment firm about 6 months ago.

      If you know nothing about the market, finance or stocks, it can be very risky to start day-trading.

      For the regular Joe, I would suggest to keep everything in cash for now. Wait til we see a bullish trend in the market and then invest in some ETF's for the long term.

      ETF's have very low fee structures that won't eat too much of your gains like a mutual fund will.

      Very hard to predict bottom in the market right now so I would stay out. It's really not too big of a deal of you don't invest right at the bottom. The key is to get back in right when the market starts to get bullish again and it's far from that.

      If you want a professional to manage your money, make sure they are a RIA (Registered Investment Advisor) that takes fees. DO NOT give your money to a regular stock broker who gets paid on commission for putting you into investments. Once they sell you a product, they have no fiduciary responsibility to keep up with it and your well being. You want someone who charges you a fee. RIA's have fiduciary responsibility so there is no conflict of interest there. If you do well, they get paid more. That is their motivation.
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      • Profile picture of the author myob
        I also am a professional day trader. The past few months have been extremely profitable for me with the volatility in the stocks. Use etrade or scottrade as their commissions are low compared to full service brokers. Basically, I get and out of trades several times a day on volatile stocks. On high quality stocks, I buy and hold because right now they are being sold at garage sale prices.

        If you are interested, I have a free newsletter with some investment tips and techniques:

        Stock Trading Newsletter
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  • Profile picture of the author rename
    yes its interesting but its very risky!
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  • Profile picture of the author Hardi Wijaya
    How come nobody admit that such cycles have been repeatedly rigged?

    Those super rich families had already planned to crash the market beforehand. The Lehmen is just a scapegoat. My 'insiders' saw this coming and I jumped ship immediately while oil price was over-speculated. I had already thrown away all my US stocks and currency. I'm now tracking the families' movement, not stock trend.

    If you want to be rich in financial market, you've got to be in the league with the families, not those highly paid economists or analysts.

    That's the reason why I recommend reading David icke's book. I care less of the elites' propaganda and conspiracy. Point is -- track the families, follow the bread crumb fast...

    That's just me.


    Hardi
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    • Profile picture of the author Hardi Wijaya
      I'm not an expert in this field. I get my knowledge from my 'insiders'. Here's the truth...

      In 1999, US University of Dayton professors Carl Chen and Thomas Steiner conducted a study on stock market behavior.

      They found that the higher the number of analysts covering a stock, the more rediculous and unjustified the valuation of that stock!

      For each additional broker tracking a stock, the share value could be expected to soar as much as 2.5%. Stocks that are under-researched by the big-fund investment press are just 'sleepers'. Chen called them "orphaned companies".

      Ask yourself this question --

      Who controls the activities of those investment press and media?

      It isn't the US Government or the People in general. It's the corporations, or rather the families that controls them. Whoever decides the kind of information to be released to the public gets the money first!

      Soyouwannabe rich in investing stocks? Track down the 'controllers' or 'families'... get 'in league' with them... follow the bread crumbs fast, and I really mean FAST!

      The Lehmans is gone, belly-up. So what? It's just an excuse. The corporation is gone but not the owners.

      "Corporation, n. An ingenious device for obtaining individual profit without individual responsibility." - Ambrose Bierce

      Don't be surprised that the owners of Lehmans still make chunks of 'personal' cash indirectly from the fabricated 'economic cycle'. It's the volatility of the market that creates opportunity for more money, not when the market is 'choppy'. And their personal assets are protected by US laws... remember?

      Therefore, it's better to put stocking investment in 'stealth' mode.

      We can use the same principle in other fields, not just business. 'Secretly' get 'in league' with the top gurus or experts. Take advantage of it to increase your bottomline. BTW, I'm not talking about JV because nowadays, it's an open invitation to make them hate us and avoid us like plague. I'm talking about something better. I will write a report on this later.


      Hardi
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      • Profile picture of the author SMS
        Interesting thread...

        In a Bull Market, anybody & everybody makes money in the Stock Market. From March 2003 till October 2007 stock markets went on a raging bull run and many fortunes were made. You didn't need to be a genius to have been successful during that period.

        Unfortunately, things have changed... dramatically. Even 'wizards' have struggled. Warren Buffet bought Goldman Sachs at $125 earlier in the year, and is currently down over 60%. He also acquired a slice of General Electric, and is currently holding on to significant losses. If the 'Sage of Omaha' has had his head handed to him, then what chance do mere mortals like us have.

        The fact is that we are currently in a severe Bear Market, and conditions are very difficult especially if you are a 'newbie', and/or have very little experience. Some people have suggested playing the short side with options, spread bets, CFDs etc, but I would not recommend them for a 'newbie'.

        My suggestion is to use this time to educate yourself. Keep your money safe, and invest in some quality books. These bad times will not last for ever, and when they do end several more fortunes will be made, but only by those who have capital to invest - hence the importance of holding on to your stash.

        One final thing George, beware of scam artists, con men & purveyors of snake oil who will promise you the secret to untold riches in the Stock Market, in exchange for a significant portion of your hard earned savings.

        The Stock Market is simple but it certainly isn't easy.

        Take care...
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  • Profile picture of the author Ron Douglas
    During these crazy times, if you're not a day trader, you shouldn't be net long. Every position you put on should be hedged. For example, you can be long AT&T for the nice dividend but make sure you hedge the downside risk with the RWM (inverse the Russell 2000). See Proshares.com/funds for more short ETF's you can use to hedge your risk.

    The main goal in a bad market like this is to not lose money. If you can protect your capital and keep your powder dry, you will make a killing once things get better.
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    • Profile picture of the author tiger325
      yea i have been buying lately ..seems like these are the best times to buy
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  • Profile picture of the author Magic Johnson
    Why everyone gives me different advice here.

    Has anyone any real hands on experience, and makes profits from this market, year in and out.

    Or do most just feel good picking their own brain on topics you know nothing about?


    So who is an expert?
    Maybe I need to google this Buffett guy.
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    • Profile picture of the author myob
      Originally Posted by Magic Johnson View Post

      Why everyone gives me different advice here.

      Has anyone any real hands on experience, and makes profits from this market, year in and out.

      Or do most just feel good picking their own brain on topics you know nothing about?


      So who is an expert?
      Maybe I need to google this Buffett guy.
      Basically, if you don't know what you are doing, stay out of the market until things stabilize. In general, though, this is the greatest opportunity in 20 years to make a huge fortune because there are so many otherwise solid companies with stocks at garage sale prices. Look at the Fortune 500 companies that are stilling paying good dividends and buy and hold. You can't do too badly just doing that.

      I am not an expert, but I have been day trading every day for over 20 years in volatile stocks. During the last financial crunch with the S and L crisis in 1987, I made nearly 25 million dollars, and in the next 18 months or so I expect to more than double that.

      Just recently, I made six figures in one week just trading GM and AIG. Not recommended right now, but that is just an example of how to make a fortune in this financial crunch. You have to remain focused. It is very risky, but the opportunity and rewards are greater now than ever before.
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      • Profile picture of the author Richard Tunnah
        Originally Posted by myob View Post

        Basically, if you don't know what you are doing, stay out of the market until things stabilize. In general, though, this is the greatest opportunity in 20 years to make a huge fortune because there are so many otherwise solid companies with stocks at garage sale prices. Look at the Fortune 500 companies that are stilling paying good dividends and buy and hold. You can't do too badly just doing that.

        I am not an expert, but I have been day trading every day for over 20 years in volatile stocks. During the last financial crunch with the S and L crisis in 1987, I made nearly 25 million dollars, and in the next 18 months or so I expect to more than double that.

        Just recently, I made six figures in one week just trading GM and AIG. Not recommended right now, but that is just an example of how to make a fortune in this financial crunch. You have to remain focused. It is very risky, but the opportunity and rewards are greater now than ever before.
        Wow! Did it involve a stiff drink and a slow heartbeat? []

        Rich
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    • Profile picture of the author SMS
      MJ,

      You are right, you should take everything you read on the Internet with a pinch of salt. It is up to you to do your own due diligence.

      It takes about two years of tuition to become consistently profitable in the Stock Market, and for many it takes much longer. Unfortunately, present market conditions are not at all conducive for learning. If you do decide to go ahead now, the odds are that it will be a very expensive learning experience for you.

      In terms of books, check out William O'Neil's classic. Tom Dorsey is another author I like very much.

      All the best, sir.

      Originally Posted by Magic Johnson View Post

      Why everyone gives me different advice here.

      Has anyone any real hands on experience, and makes profits from this market, year in and out.

      Or do most just feel good picking their own brain on topics you know nothing about?


      So who is an expert?
      Maybe I need to google this Buffett guy.
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    • Profile picture of the author Marhelper
      Originally Posted by Magic Johnson View Post

      Why everyone gives me different advice here.

      Has anyone any real hands on experience, and makes profits from this market, year in and out.

      Or do most just feel good picking their own brain on topics you know nothing about?


      So who is an expert?
      Maybe I need to google this Buffett guy.
      Uh ... you did NOT start this thread so I am not sure what you are talking about when you say, " ... gives ME different advice here." Anywho, this is a perfect microcosm of what you find in trading of any form. Tons of so called "experts" making "expert" calls. In reality, it is just another opinion. As I said before, traders should always perform due diligence. Use common sense and do not be driven by unreliable emotions/feelings.

      USE ETFS IN THIS MARKET.
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  • Profile picture of the author Michael Taylor
    George,

    There are people who made money in the stock market during the Great Depression in the States. If there were only an ebook on who they were and how they did that...and if the same could be repeated today.
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    • Profile picture of the author Hardi Wijaya
      Originally Posted by Michael Taylor View Post

      George,

      There are people who made money in the stock market during the Great Depression in the States. If there were only an ebook on who they were and how they did that...and if the same could be repeated today.
      Well, it's already been mentioned in David Icke's books

      'Bear' or 'Bull'... these are just excuses. There's no such thing as 'economic cycle'. The whole damn financial system has lots of faults and if not, it's a fraud. And I'm making chunks of money out of these loopholes! I'll never ever feel guilty about it, because the 'law' allows it.

      Most people just won't listen and don't learn. Their mind will turn to the analyst crap and stick onto it. They label Warren as 'white-hat' investor, and Soros as 'black-hat'. As a matter of fact, in fact... the TRUTH, they're just like good cop and bad cop. But who's in charged of these cops? That's the question we seriously have to ask ourselves.

      "The Truth will set you free - but first it will piss you off!" -- Gloria Steinem


      Hardi
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      • Profile picture of the author affenpinscher
        I wish my grandparents had bought Procter & Gamble stock during the Great Depression
        (P&G started in 1837). I'd be lying on a beach in Hawaii rather than sitting in front of
        a computer.

        If you have money you can invest for a minimum 5-years, now is a great time to buy
        stock. For instance, I purchased shares in an Internet company that many people
        believe is headed toward world domination (not mentioning name to avoid any potential
        SEC violations) at less than $280 a share. A year ago the same stock was in the $500s a
        share.

        "Waiting it out' means buy high and sell low. Buy now....
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  • Profile picture of the author James Schramko
    I wouldn't be placing stock market buys based on an Internet Forum consensus.


    Buy / build websites and do what you know best - VRE - that's the best bet.
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  • Profile picture of the author Gaby10
    ETrade keep me sending more and more alerts about key enterprises going down, down, down.

    But I know the market IS going to recover. The question is... when exactly is the right time to buy? I bet this is a great moment. I believe the inflection point will be reached by the end of the year.

    My 2 cents,
    Gaby
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