Re:Ask HN: Do you day trade in stock market? What are your i...
by kleer001 on Thursday August 06, 2015 @11:14PM
(#10020780)
tl;dr Know what you're buying, know your risk threshold, hold it as long as you can, invest frequently.
It's going to sound like a stale and naive quip but buy low and sell high. I look for deals. Sometimes that's an IPO with a nice finance sheet. Sometimes it's a huge correction on a popular mega-corporation.
Weather you're a value investor or a growth investor the goal is profit, right? What works for me is knowing what I'm investing in. I'm familiar with the products or services.
It's a fun topic. There's lots to read out there. Sturgeons Law holds in full effect. 90% of all of it is total crap. All you need is probably at your local library.
Here's some homework. Look up these terms:
dead cat bounce, double top, exponential moving average, don't fight the tape, upgrades, channel, channel up, channel down, wedge, triangle, insider selling, dividends, oversold, ticker, forex, a falling knife has no handle, FUD, Irrational exuberance...
It's going to sound like a stale and naive quip but buy low and sell high. I look for deals. Sometimes that's an IPO with a nice finance sheet. Sometimes it's a huge correction on a popular mega-corporation.
Weather you're a value investor or a growth investor the goal is profit, right? What works for me is knowing what I'm investing in. I'm familiar with the products or services.
It's a fun topic. There's lots to read out there. Sturgeons Law holds in full effect. 90% of all of it is total crap. All you need is probably at your local library.
Here's some homework. Look up these terms:
dead cat bounce, double top, exponential moving average, don't fight the tape, upgrades, channel, channel up, channel down, wedge, triangle, insider selling, dividends, oversold, ticker, forex, a falling knife has no handle, FUD, Irrational exuberance...
fun time 45 min talk on the basics: https://www.youtube.com/watch?v=WEDIj9JBTC8