Hi! My name is Jay! I'm looking to start investing. I was told that there is a very big difference between investing and trading. I'm looking into making a profit. What advice would you give to a rookie?
Welcome to the forums! Like Gil said, there's a lot to learn, and you'll never stop learning. Just start reading around, and when you have questions, make sure to ask. There's no such thing as a stupid question. We all started somewhere!
Welcome to Stockaholics. I look at investing as the amount of money I am putting into my account to make up the total portfolio and trading is purchasing the instruments like stocks and/or bonds that make up the total investment. Let me point you to a source I like for those that don't know which way to go. http://www.investopedia.com/university/introduction-stock-trader-types/ When you get there, bookmark that page because you probably won't get through all of it in one sitting. Notice the scroll down on the "chapters: there are about 32 but take your time and read through them and see if any of them speak to your likes/ambitions/interests. Since there is so much to learn, if you can figure out what type you are interested in you can then focus on the types of things necessary for that particular type of trading.
Trading is short term. You guy it today, you sell in 5min, or tomorrow, or next week. Investing is long term. You guy some mutual funds and hold them for 10yrs. That is the goal here! To get started, make a list of 5-8 stocks that you already know. What stocks do you know? What cell phone do you have? An iphone? That is made by Apple: If you eat cereal in the morning, it was probably made by these guys: Kellog Do you fill up gas in a car? Exxon Mobile And so forth. Get about 5-8 of these stocks and start watching their news, start learning about fundamentals (these are the things that give stocks their value), slowly this will all start coming together. Go check out the education section, there are some videos there to get you started! http://stockaholics.net/forums/educational-videos-and-material.20/
If I may throw in my 2 cents, after you read some basic stuff about fundamentals and analysis, try following someone's trading journal (you can find them on most trading forums). This way you'll see real-life execution of what you've just read, and will be able to grasp the essence of what trading is and what common mistakes most traders do. Really helped me when I first started exploring this area.
Hello Jay..Welcome to the jungle. READ...The Big Short. As a retail investor you are prey! The Man with the Golden Sack, the Morgue and ail Investment banks are guarded by the Cerebus of Standard Ponziism , Mood Adultorators and Fetch.The referees The SEC are bought and paid for. It is a clique of immense proportions. Its all a giant slithering jungle of snakes and rats. Forget civility and honour. You must think primeval. The only way to have any hope is to become cunning and ruthless. You must become a guerilla investor. Scurry across the jungle floor and snatch the eggs of these dinosaurs. Carry a big stick and shove it in the gonads of this evil horde! In the last financial crisis this elitist cabal invented a game called sub prime used it as a deadfall trap for middle and lower class America. Its time to exact revenge. Learn their game and enact retribution. Stink bids are good. Do your own d&d . Find a stock that is to big to fail ( connected to or family of the cabal). If this stock is waiting on news place a bid much lower than current price. Its like an instant short except you do not have to pay the financial pimps to profit. If it falls quickly and the cabal comes to the rescue you win. If it don't ...no worries...move on. Stink bids are also good to set a dead fall of your own. Someone is always wanting out. It could be liquidation of assets or even trustees of people who die they gotta get out and on a slow day you win. LEARN These rules this is how this whole system is run. The Complete Ferengi Rules Of Acquisition 1. Once you have their money, never give it back 2. You can't cheat an honest customer, but it never hurts to try 3. Never spend more for an acquisition than you have to 4. Sex and profit are the two things that never last long enough 5. If you can't break a contract, bend it 6. Never let family stand in the way of opportunity 7. Always keep you ears open 8. Keep count of your change 9. Instinct plus opportunity equals profit 10. A dead customer can't buy as much as a live one 11. Latinum isn't the only thing that shines 12. Anything worth selling is worth selling twice 13. Anything worth doing is worth doing for money 14. Anything stolen is pure profit 15. Acting stupid is often smart 16. A deal is a deal ... until a better one comes along 17. A bargain usually isn't 18. A Ferengi without profit is no Ferengi at all 19. Don't lie too soon after a promotion 20. When the customer is sweating, turn up the heat 21. Never place friend ship before profit 22. Wise men can hear profit in the wind 23. Never take the last coin, but be sure to get the rest 24. Never ask when you can take 25. Fear makes a good business partner 26. The vast majority of the rich in this galaxy did not inherit their wealth; they stole it 27. The most beautiful thing about a tree is what you do with it after you cut it down 28. Morality is always defined by those in power 29. When someone says "It's not the money," they're lying 30. Talk is cheap; synthehol costs money 31. Never make fun of a Ferengi's mother 32. Be careful what you sell. It may do exactly what the customer expects 33. It never hurts to suck up to the boss 34. War is good for business 35. Peace is good for business 36. Too many Ferengi can't laugh at themselves anymore 37. You can always buy back a lost reputation 38. Free advertising is cheap 39. Praise is cheap. Heap it generously on all customers 40. If you see profit on a journey, take it 41. Money talks, but having a lots of it gets more attention 42. Only negotiate when you are certain to profit 43. Caressing an ear is often more forceful than pointing a weapon 44. Never argue with a loaded phaser 45. Profit has limits. Loss has none 46. Labor camps are full of people who trusted the wrong person 47. Never trust a man wearing a better suit than you own 48. The bigger the smile, the sharper the knife 49. Old age and greed will always overcome youth and talent 50. Never bluff a Klingon 51. Never admit a mistake if there's someone else to blame 52. Only Bugsy could have built Las Vegas 53. Sell first; ask questions later 54. Never buy anything you can't sell 55. Always sell at the highest possible profit 56. Pursue profit; women come later 57. Good customers are almost as rare as Latinum - treasure them 58. Friendship is seldom cheap 59. Fee advice is never cheap 60. Never use Latinum where your words will do 61. Never buy what can be stolen 62. The riskier the road, the greater the profit 63. Power without profit is like a ship without an engine 64. Don't talk shop; talk shopping 65. Don't talk ship; talk shipping 66. Anyone serving in a fleet who is crazy can be relieved, if they ask for it 67. Enough is never enough 68. Compassion is no substitute for a profit 69. You could afford your ship without your government - if it weren't for your government 70. Get the money first, then let the buyers worry about collecting the merchandise 71. Gamble and trade have two things in common: risk and Latinum 72. Never let the competition know, what you're thinking 73. Never trust advice from a dying Ferengi; listen but don't trust 74. A Ferengi without profit is no Ferengi at all 75. Home is where the heart is, but the stars are made of Latinum 76. Every once in a while, declare peace. It confuses the hell out of your enemies 77. Go where no Ferengi has gone before; where there is no reputation there is profit 78. Don't discriminate. The most unlikely species can create the best customers 79. Benefit from the Vulcan greed for knowledge 80. If it works, sell it. If it works well, sell it for more. If it doesn't work, quadruple the price and sell it as an antique 81. There's nothing more dangerous than an honest businessman 82. A smart customer is not a good customer 83. Revenge is profitless 84. She can touch your ears but never your Latinum 85. Death takes no bribes 86. A wife is a luxury, a smart accountant a necessity 87. Trust is the biggest liability of all 88. When the boss comes to dinner, it never hurts to have the wife wear something 89. Latinum lasts longer than lust 90. Mine is better than ours 91. He who drinks fast pays slow 92. Never confuse wisdom with luck 93. He's a fool who makes his doctor his heir 94. Beware of small expenses: a small leak will kill a ship 95. Important, more impotant, Latinum 96. Faith moves mountains - of inventory 97. If you would keep a secret from an enemy, don't tell it to a friend 98. Profit is the better part of valor 99. Never trust a wise man 100. Everything that has no owner, needs one 101. Never do something you can make someone do for you 102. Nature decays, but Latinum lasts forever 103. Sleep can interfere with opportunity 104. Money is never made. It is merely won or lost 105. Wise men don't lie, they just bend the truth 106. There is no honor in poverty 107. Win or lose, there's always Huyperian Beetle Snuff 108. A woman wearing clothes is like a man without profit 109. Dignity and an empty sack is worth the sack 110. Only a fool passes up a business opportunity 111. Treat people in your debt like family ... exploit them 112. Never sleep with the boss's wife unless you pay him first 113. Never sleep with the boss's sister 114. Small print lead to large risk 115. Greed is eternal 116. There's always a way out 117. If the profit seems too good to be true, it usually is 118. Never cheat a honest man offering a decent price 119. Buy, sell, or get out of the way 120. Even a blind man can recognize the glow of Latinum 121. Everything is for sale, even friendship 122. As the customers go, so goes the wise profiteer 123. A friend is only a friend until you sell him something. Then he is a customer 124. Friendship is temporary, profit is forever * Check out the brand new StarTrek Game - Especially for StarTrek Fans! 125. A lie isn't a lie until someone else knows the truth 126. A lie isn't a lie, it's just the truth seen from a different point of view 127. Gratitude can bring on generosity 128. Ferengi are not responsible for the stupidity of other races 129. Never trust your customers 130. Never trust a beneficiary 131. If it gets you profit, sell your own mother 132. The flimsier the produce, the higher the price 133. Never judge a customer by the size of his wallet ... sometimes good things come in small packages 134. There's always a catch 135. The only value of a collectible is what you can get somebody else to pay for it 136. The sharp knife cuts quickly. Act without delay! 137. Necessity is the mother of invention. Profit is the father 138. Law makes everyone equal, but justice goes to the highest bidder 139. Wives serve; brother inherit 140. The answer to quick and easy profit is: buy for less, sell for more 141. Competition and fair play are mutually exclusive. Fair play and financial loss go hand-in-hand 142. A Ferengi waits to bid until his opponents have exhausted themselves 143. The family of Fools is ancient 144. There's nothing wrong with charity ... as long as it winds up in your pocket 145. Always ask for the costs first 146. If possible sell neither the sizzle nor the steak, but the Elphasian wheat germ 147. New customers are like razor toothed gree worms. They can be succulent, but sometimes they bite back 148. Opportunity waits for no one 149. Females and finances don't mix 150. Make your shop easy to find 151. Sometimes, what you get free costs entirely too much 152. Ask not what your profits can do for you; ask what you can do for your profits 153. You can't free a fish from water 154. The difference between manure and Latinum is commerece 155. What's mine is mine, and what's yours is mine too 156. Even in the worst of times someone turns a profit 157. You are surrounded by opportunities; you just have to know where to look 158. Don't pay until you have the goods 159. The customer is always right ... until you have their cash 160. Respect is good, Latinum is better 161. Never kill a customer, unless you make more profit out of his death than out of his life 162. His money is only your's when he can't get it back 163. A thirsty customer is good for profit, a drunk one isn't 164. Never spend your own money when you can spend someone elses 165. Never allow one's culture's law to get in the way of a universal goal: profit 166. Never give away for free what can be sold 167. If a deal is fairly and lawfully made, then seeking revenge especially unprofitable revenge, is illegal 168. Beware of relatives bearing gifts 169. If you're going to have to endure, make yourself comfortable 170. Never gamble with an empath 171. Time is Latinum. The early Ferengi get the Latinum 172. If you can sell it, don't hsitate to steal it 173. A piece of Latinum in the hand is worth two in a customer's pocket 174. Share and perish 175. When everything fails - run 176. Ferengi's don't give promotional gifts! 177. Know your enemies ... but do business with them always 178. The world is a stage - don't forget to demand admission 179. Whenever you think that things can't get worse, the FCA will be knocking on you door 180. Never offer a confession when a bribe will do 181. Even dishonesty can't tarnish the glow of Latinum 182. Whenever you're being asked if you are god, the right answer is YES 183. Genius without opportunity is like Latinum in the mine 184. There are three things you must not talk to aliens: sex, religion and taxes 185. If you want to ruin yourself there are three known ways: Gambling is the fastest, women are the sweetest, and banks are the most reliable way 186. There are two things that will catch up with you for sure: death and taxes 187. If your dancing partner wants to lead at all costs, let her have her own way and ask another one to dance 188. Never bet on a race you haven't fixed 189. Borrow on a handshake; lend in writing 190. Drive your business or it will drive you 191. Let other keep their reputation. You keep their money 192. If the flushing isn't strong enough, use your brain and try the brush 193. Klingon women don't dance tango 194. It's always good business to know about new customers before they walk in your door 195. Wounds heal, but debt is forever 196. Only give money to people you know you can steal from 197. Never trust your customers, especially if they are your relatives 198. Employees are the rungs on your ladder to success - don't hesitate to step on them 199. The secret of one person is another person's opportunity 200. A madman with Latinum means profit without return 201. The justification for profit is profit 202. a) A friend in need is a customer in the making b) A friend in need means three times the profit 203. A Ferengi in need, will never do anything for free 204. When the Grand Nagus arrives to offer you a business opportunity, it's time to leave town until he's gone 205. When the customer dies, the money stops a-comin' 206. Fighting with Klingons is like gambling with Cardassians - it's good to have a friend around when you lose 207. Never trust a hardworking employee 208. Give someone a fish, you feed him for one day. Teach him how to fish, and you lose a steady customer 209. Tell them what they want to hear 210. A wife, who is able to clean, saves the cleaning lady 211. In business deals, a disruptor can be almost as important as a calculator 212. If they accept your first offer, you either asked too little or offered too much 213. Stay neutral in conflicts so that you can sell supplies to both sides 214. Never begin a business transaction on an empty stomach 215. Instinct without opportunity is useless 216. Never take hospitality from someone worse off than yourself 217. Only pay for it if you are confronted with loaded phaser 218. Always know what you're buying 219. A friend is not a friend if he asks for a discount 220. Profit is like a bed of roses - a few thorns are inevitable 221. Beware of any man who thinks with his lobes 222. Knowledge is Latinum
I'm kinda confused in term of what the heck have I just read. I mean, 222 rules - you're sure you're not overthinking it?
No. Solitary confinement gives you lotsa time to think. : ) Feeling grateful today things are going well. The wardens on a staycation. Mostly feeling extremely grateful for the folks that run this sight. In a world of diminishing freedoms they graciously allow me to voice my opinions whether they view them as sane or not. And I respect the crap out of them for that! I sometimes walk that line...a tad. Have a great day and happy hunting.
209. Tell them what they want to hear: This rule covers all forward looking statements. Since the Private Securities Litigation Reform Act of 1995 it is the purpose of all press releases to make the shareholders believe that the company has control over their fate. But because of the "forward looking statement disclaimer" it is no longer what is stated but how it is stated. All business employs people who are skilled at linguistic jingoism. In my last post I left a seed of this deception. "Solitary confinement gives you lotsa time to think." This is an example of how a statement can obfuscate. The statement while true does not contain my truth. I have never been in solitary and am possibly...no I am..the freest person I know. Forward looking statements might as well read like this. This press release may contain forward-looking statements Forward-looking statements may generally be identified by the use of the words “antipasto” “expectorate” “intestines” “placebo” “hood-winked” “clouded” “wookie” “mayan” “will I am” “beaver” “ it’s a tamata” ‘potentate” “forgot” or “incontinence” and variations or permutations of similar expressions i.e.: “truth” “justice” and “the American way” These statements are based upon the whim and sobriety or lack thereof the management and are subject to certain risks and closing times that could cause general nausea due to actual results that are far different than those you might have expected from a “world class” companies forward nasal gazing statements. These risks and uncertainties include, but are not limited to poker blackjack and other risky abhorrent behaviours associated with narcissistic and sociopathic tendencies displayed from time to time by some members of the “bored of erections” and some members of the *SEC and *CSA. These factors are completely unreferenced in the Annual Report. Readers are cautioned not to place undue reliance on any of this poppycock. These forward-looking statements speak only as of the date hereof after and ongoing. The management is in no way responsible or obligated to splan any tin to Lucy or any udder shareholder unless you are a relative or in-law ur works fer The Man with the Golden Sack, The Morgue or a friend of Bernie or Andrew but definitely not the new guy. He gotta figure this shite out for himself.
Obfuscate- synonyms: bewilder, mystify, puzzle, perplex, confuse, baffle, confound, bemuse, befuddle, nonplus; informalflummox "it is more likely to obfuscate people than enlighten them" Yea, that about sums it up.
Well, they're not that complicated for a test. "The justification for profit is: a) profit; b) goodwill; c) love." I guess you can figure it out
