Stocks

[zenix12]

Hello fellow Linus worshipers. Does anyone here have experience in stock trading? Any advice would be appriciated because I'm going to start investing in stocks soon.

[Vitalius]

I'm not a Linus worshipper.

Talk to CCap.

I kinda do. Primarily in Candlestick charts and such things as that. The most basic rules to start with is "What goes up, must come down." and "History repeats itself".

Aside from those two, remember that what causes the stocks to do what they do is investors selling and buying. Investors are human, therefore stock trading is a game of psychology. Where you have to figure out what the people with the big money are thinking while they trade so you can use that to your advantage. 

[hawaiims]

Hello fellow Linus worshipers. Does anyone here have experience in stock trading? Any advice would be appriciated because I'm going to start investing in stocks soon.

yes sort of. Get into some ETFs instead of trying to do your own crap. 

[Fred Castellum]

Dang I missed this by 6 days... Day Trader here.

 

My rules cover Day Trading not long term investing. 

Alright here are some rules you need to set. 

1. Never play with money you can't afford to lose

2. Make a plan and stick to it, don't let emotions get in your way

3. Do extensive research in the companies you invest in(competitors, products, manufacturing, supply, demand, profit margin)

4. Take analyst's news articles with a pinch of salt

5. Keep calm and maintain good mental control in trading sessions

6. Observe and Analyze market mentality and go with the flow for maximum profit

7. Learn both Technical and Fundamental readings

 

Day Trading is not gambling and is not a get rich fast scheme. It requires good economic knowledge, extensive research, mental control, and timing. 

Investing however is much easier, in investing you place your money in stocks for up to 5 or more years. 

 

Have any questions, feel free to ask! Good luck.