Re:Ask HN: How do you pick stocks?
by swedegeek on Saturday July 03, 2010 @11:49PM
(#1485076)
If you haven't already you need to check out the StockTwits community. They tend to be more traders (short term) than investors (longer term), but a lot of their discipline and decision making process will apply regardless of the time frame.
There can be a bit of noise, but I think there's a recommended stream of quality posters you may want to start with.
Personally I lean more towards the trading timeframes. Mostly use options to limit risk and sell time premium. Actually had a fantastic day on Friday with a position in SPY (S&P 500 ETF) and AAPL (yes that Aaple). Made ~20% in 24hrs and ~9% in 4hrs respectively. By no means happens all the time, but nice when it does.
Either way, very successful investing or trading is a buttload of work. Stay on it and you'll get better over time. Good luck!
There can be a bit of noise, but I think there's a recommended stream of quality posters you may want to start with.
Personally I lean more towards the trading timeframes. Mostly use options to limit risk and sell time premium. Actually had a fantastic day on Friday with a position in SPY (S&P 500 ETF) and AAPL (yes that Aaple). Made ~20% in 24hrs and ~9% in 4hrs respectively. By no means happens all the time, but nice when it does.
Either way, very successful investing or trading is a buttload of work. Stay on it and you'll get better over time. Good luck!