Wazua
»
Investor
»
Stocks
»
introduction to stock trading
Rank: New-farer Joined: 4/23/2011 Posts: 21 Location: Mombasa
|
hi good people. Im a new entrant to stock market investment, still in school. Can anyone advice me how i can double my portfolio in 3 months? What should i look out for? How should i trade? Is it a good idea to look out for stocks that look good at opening and buy,then sell when the price soars by a good margin before the end of the day? Advice me please.
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
ojazy wrote:hi good people. Im a new entrant to stock market investment, still in school. Can anyone advice me how i can double my portfolio in 3 months? What should i look out for? How should i trade? Is it a good idea to look out for stocks that look good at opening and buy,then sell when the price soars by a good margin before the end of the day? Advice me please. My friend you are placing too many expectations on our dear stock market. It is impossible to get in and get out of a company on the same day In the 1st 3 months of 2011 no company doubled in value meaning if you invested in jan you havent doubled your money.. Until you get your emotions under control and your expectations lowered then this market is not for you. Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
|
ojazy wrote:hi good people. Im a new entrant to stock market investment, still in school. Can anyone advice me how i can double my portfolio in 3 months? What should i look out for? How should i trade? Is it a good idea to look out for stocks that look good at opening and buy,then sell when the price soars by a good margin before the end of the day? Advice me please. To be in the stock market you require patience, this is not a pyramid scheme. Take your time and learn first...there is always something new to learn in stocks, doesnt matter how many years you've been trading or investing. From your talk, you want to be a trader not an investor but there are advantages and dis on both maybe you can search threads like stock market for beginners. or you can use wikipedia to seach terms that are used like stock trader, stock investor, E/P, EPS etc. Something else, dont even think of rushing to a broker and ask them on what to buy...the only thing they care about is commission, so as I said...do a lot of reading...ie having interest is a must!!!
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
Advise, advice? Whichever the case, start with faNtaSEy market. The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
|
jerry wrote:Advise, advice? Whichever the case, start with faNtaSEy market. Thats a good idea
|
|
|
Rank: New-farer Joined: 4/23/2011 Posts: 21 Location: Mombasa
|
guru267 wrote:ojazy wrote:hi good people. Im a new entrant to stock market investment, still in school. Can anyone advice me how i can double my portfolio in 3 months? What should i look out for? How should i trade? Is it a good idea to look out for stocks that look good at opening and buy,then sell when the price soars by a good margin before the end of the day? Advice me please. My friend you are placing too many expectations on our dear stock market. It is impossible to get in and get out of a company on the same day In the 1st 3 months of 2011 no company doubled in value meaning if you invested in jan you havent doubled your money.. Until you get your emotions under control and your expectations lowered then this market is not for you. dully noted Guru,but as i said,im totally new to this,so please treat me like you would a naso kid on their first day at school. Here are some of my questions; 1.what do you mean i cant be in and out of a company in a day? Cant i buy a stock when its cheap and sell when its price soars significantly in the same sission 2.im well aware that no comapny has doubled its worth in 3 months, but with a mix of different stocks in my portfolio n if i trade well,buying cheaply and selling at higher price,wudnt i be able to increase my portfolio value substantially if not double it within that time frame?
|
|
|
Rank: New-farer Joined: 4/23/2011 Posts: 21 Location: Mombasa
|
jerry wrote:Advise, advice? Whichever the case, start with faNtaSEy market. this isn't grammar school,is it Jerry?...that said,im already doing fantacy market,i wouldn't dive into the market bila research,so this is my research.i appreciate the ADVICE...could you ADVISE ,me some more?
|
|
|
Rank: New-farer Joined: 4/23/2011 Posts: 21 Location: Mombasa
|
lovely2010 wrote:ojazy wrote:hi good people. Im a new entrant to stock market investment, still in school. Can anyone advice me how i can double my portfolio in 3 months? What should i look out for? How should i trade? Is it a good idea to look out for stocks that look good at opening and buy,then sell when the price soars by a good margin before the end of the day? Advice me please. To be in the stock market you require patience, this is not a pyramid scheme. Take your time and learn first...there is always something new to learn in stocks, doesnt matter how many years you've been trading or investing. From your talk, you want to be a trader not an investor but there are advantages and dis on both maybe you can search threads like stock market for beginners. or you can use wikipedia to seach terms that are used like stock trader, stock investor, E/P, EPS etc. Something else, dont even think of rushing to a broker and ask them on what to buy...the only thing they care about is commission, so as I said...do a lot of reading...ie having interest is a must!!! Thanx lovely. Wikipedia, Investopedia, trading for begginers...iv done all that and more. I've read alot there is to read about stock trading, though i know i dont know enough yet,thats why im here. You guys know alot more than i can find in publications. So please keep hitting me with more ADVICE(for jerry's sake)...and yes,im leaning more to being a trader,reaping profits short term,for now.
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
ojazy wrote:jerry wrote:Advise, advice? Whichever the case, start with faNtaSEy market. this isn't grammar school,is it Jerry?...that said,im already doing fantacy market,i wouldn't dive into the market bila research,so this is my research.i appreciate the ADVICE...could you ADVISE ,me some more? >>settlement of trades normally take 4/5 days(see cdsckenya.com). So you may not buy and sell same in a day. The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
@ojazy chances that you will only pick winning stocks, and not the losing ones are very slim. Add trading costs that are based on the whole transaction, not your profit! Life is short. Live passionately.
|
|
|
Rank: New-farer Joined: 4/23/2011 Posts: 21 Location: Mombasa
|
sparkly wrote:@ojazy chances that you will only pick winning stocks, and not the losing ones are very slim. Add trading costs that are based on the whole transaction, not your profit! ahaa!that i get sparky,but its all a risky venture isn't it? Whether im in it short term or long term.so how would you go about it? My strategy as a begginer would be to buy stocks that have good speculative hype and wait on them to soar in price,sell when i feel it cant rise any more and showing signs of declining,to lock down my profits(trading costs taken into account)..and id sell those stocks that dont live up to their speculative hype once they fall by kedo 2percent cutting my losses....what say you?
|
|
|
Rank: New-farer Joined: 4/23/2011 Posts: 21 Location: Mombasa
|
jerry wrote:ojazy wrote:jerry wrote:Advise, advice? Whichever the case, start with faNtaSEy market. this isn't grammar school,is it Jerry?...that said,im already doing fantacy market,i wouldn't dive into the market bila research,so this is my research.i appreciate the ADVICE...could you ADVISE ,me some more? >>settlement of trades normally take 4/5 days(see cdsckenya.com). So you may not buy and sell same in a day. i might be wrong,but i read someuwhere that it takes a day now?(24hrs)..i think it was on the cfc online share trading platform?
|
|
|
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
|
ojazy wrote:jerry wrote:ojazy wrote:jerry wrote:Advise, advice? Whichever the case, start with faNtaSEy market. this isn't grammar school,is it Jerry?...that said,im already doing fantacy market,i wouldn't dive into the market bila research,so this is my research.i appreciate the ADVICE...could you ADVISE ,me some more? >>settlement of trades normally take 4/5 days(see cdsckenya.com). So you may not buy and sell same in a day. i might be wrong,but i read someuwhere that it takes a day now?(24hrs)..i think it was on the cfc online share trading platform? That was about getting your money after selling shares it was not about settlement period. Settlement period is still 4 days I think...although there is a way you can escape settlement period but I will rather not raise that issue again. Just do the right thing.
|
|
|
Rank: New-farer Joined: 4/23/2011 Posts: 21 Location: Mombasa
|
lovely2010 wrote:ojazy wrote:jerry wrote:ojazy wrote:jerry wrote:Advise, advice? Whichever the case, start with faNtaSEy market. this isn't grammar school,is it Jerry?...that said,im already doing fantacy market,i wouldn't dive into the market bila research,so this is my research.i appreciate the ADVICE...could you ADVISE ,me some more? >>settlement of trades normally take 4/5 days(see cdsckenya.com). So you may not buy and sell same in a day. i might be wrong,but i read someuwhere that it takes a day now?(24hrs)..i think it was on the cfc online share trading platform? That was about getting your money after selling shares it was not about settlement period. Settlement period is still 4 days I think...although there is a way you can escape settlement period but I will rather not raise that issue again. Just do the right thing. I understand jerry. So say i buy stocks 2day,i cant sell until 5 days elapses?
|
|
|
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
|
|
|
|
Rank: New-farer Joined: 4/23/2011 Posts: 21 Location: Mombasa
|
lovely2010 wrote:That is very true... what is lovely?
|
|
|
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
|
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
@Ojazy, did u mean 'What is true?' The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: New-farer Joined: 4/23/2011 Posts: 21 Location: Mombasa
|
jerry wrote:@Ojazy, did u mean 'What is true?' yes i did...what is true?
|
|
|
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
|
ojazy wrote:jerry wrote:@Ojazy, did u mean 'What is true?' yes i did...what is true? Hii imekuwa kitabu cha amezidi...I meant its true it takes 4 days for settlement to take place
|
|
|
Wazua
»
Investor
»
Stocks
»
introduction to stock trading
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|