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Whats in your trading portfolio? (pg. 4)
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| Skipper |
| quote: | Originally posted by The Ear
I wish I could post answers here... but b/c I work for a securities firm that's a Limited Market Dealer I can't write anything that would be considered specific investment advice outside of talking about the products we provide.
In case any of youu were wondering why I chirp about investing without specifics in other threads.
Why must OSC make things so difficult sometimes? |
What do you do, sales?
In this market there are big deals to be had. The fundamentals of many companies haven't changed drastically - perhaps a softening related to the US economy but many companies have diversified enough to be able to weather it. There are very few places to hide, and a lot of stocks have taken a beating as investors are reacting so quickly to the slightest amount of news. Even gold isn't a safe haven anymore.
This is really a value investor's christmas, but you have to be a little more risk averse to jump in at the moment. No one is really sure where this is going to bottom out. |
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| Naruepol |
| quote: | Originally posted by Jackn Funk
Naruepol,
What product do you trade? (ie. Forex, Stocks..etc?)
How long have you been trading? Do you do this full time?
And what kind of technical analysis do you use on your momentum trading style? |
securites.
2 years, i dont have the money to do it full time. working towards my b.a.s and probably gonna take the cfa exams, and hopefully get a job as a trader or technical analysis.
my analysis most commonly involves chart analysis,trend-line analysis, and mathematical studies of price behavior,
such as momentum or moving averages. most of the time im wrong. |
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| Skipper |
| quote: | Originally posted by Naruepol
securites.
2 years, i dont have the money to do it full time. working towards my b.a.s and probably gonna take the cfa exams, and hopefully get a job as a trader or technical analysis.
my analysis most commonly involves chart analysis,trend-line analysis, and mathematical studies of price behavior,
such as momentum or moving averages. most of the time im wrong. |
Get going on the CFA ASAP - might as well get it done while the markets are and no one is hiring anyways. Keep in mind the CFA requires 4 years of work experience before you can be awarded the designation.
Jben, I'd say you could start with 5K, not 10K. Before you decide how much money you will start with, spend 6 or more months reading heavily on different investment strategies. If you're picking growth stocks like RIMM, Potash, HP etc - 5K won't buy you that much. (although I think I read that HP's PE multiple recently hit an all time low)
There are virtual exchanges where you can create a virtual portfolio to practice your strategy.
Some other questions:
- what's your investment objective (retirement? income? when do you want to be able to cash out?)
- WHat's your risk tolerance (tied in with the above question partially)
- How often or how much time can you reasonably spend on your portfolio? Not everyone needs 2 screens and technical wizzardry to be a good investor)
- Are there any companies you want to avoid for ethical or other reasons - ie tobacco companies, mining, etc.
I cashed out my investments last year for school and I'm so glad I did given how everything's tanked in the last year - although now I have no money to get back in! |
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| mute79 |
| quote: | Originally posted by Naruepol
what is there to watch? all i do is play gears of war all day. |
lol, i see someone's glued to bnn all day
btw, i think a good move right now would be to throw some money at NYSE bull ETF.. once the US congress approves the bailout, markets will move up, at least in the v. short term |
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| Skipper |
| quote: | Originally posted by mute79
lol, i see someone's glued to bnn all day
btw, i think a good move right now would be to throw some money at NYSE bull ETF.. once the US congress approves the bailout, markets will move up, at least in the v. short term |
I don't think so. Look at the markets today - everything is down, even though the deal is closer to being voted in. I'm watching BNN at the moment and have seen two stocks that are up today, everything else is red.
The reality is that no one knows what the long term consequences are, and uncertainty is breeding a massive sell off that may take years to recover. It's unprecedented - so your best bet IMO is to park your money in something safe and liquid, or do some heavy research and invest in a company that you understand and is clearly undervalued. Trying to profit from short term momentum in the market is getting extremely difficult because investor behavior is so ridiculously erratic and unpredictable at the moment. |
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| The Ear |
Or look into a different asset class, outside the equity markets.
***this is not advice*** |
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| mute79 |
| quote: | Originally posted by Skipper
I don't think so. Look at the markets today - everything is down, even though the deal is closer to being voted in. I'm watching BNN at the moment and have seen two stocks that are up today, everything else is red.
The reality is that no one knows what the long term consequences are, and uncertainty is breeding a massive sell off that may take years to recover. It's unprecedented - so your best bet IMO is to park your money in something safe and liquid, or do some heavy research and invest in a company that you understand and is clearly undervalued. Trying to profit from short term momentum in the market is getting extremely difficult because investor behavior is so ridiculously erratic and unpredictable at the moment. |
You're just proving my point. See, when other investors (that have done the research, and understand what companies to invest into) are ready to move once the congress approves the bailout bill, the investor sentiment will change (for the better), which will then already be accounted into the nyse index. So, buying into bull nyse index, at double exposure ETF, would be riding the bull and reaping the benefits. This is all in the very short term, as I stated earlier. |
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| Skipper |
| I guess I'm misunderstanding - I thought you were saying that the bailout is going to improve investor sentiment, and people will buy back in to the market because the bailout will provide some comfort that things are going to get better. Take a look at the markets today and that's clearly not the case. |
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| mute79 |
| that is what i said. markets haven't reflected the bailout, because it hasn't been approved by the congress yet. which is why i'm saying that i think now is the right time to throw money at an etf, right before markets swing upwards |
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| Pett |
| tsx is down over 800 points right now , wowzzz |
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| mute79 |
| lol, congress voted against the bill (228 to 205) |
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