need honest answers from the public!!!!

Forum: Investments
Author: [Investments] Topic: need honest answers from the public!!!!
CIRE5150 PM CIRE5150
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Posted: 1/10/2012 1:47:53 AM
my friend is really trying to get me into day trading, buying and selling stocks. what is the best stocks to buy for 2012. also is it better to buy or sell stocks? also does day trading make money at all? sorry i am so new to this and i dont know where to start. it sounds so interesting, any infos and tips would be greatly appreciated
examine PM examine
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Posted: 1/10/2012 6:01:14 AM
i am in the precious metals, buy, hold, add some more!!!
GambleForProfit PM GambleForProfit
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Posted: 1/10/2012 12:25:32 PM
Ok, I'm going to preface what I say with this Day trading is a term that is misused quite a bit day trading isn't just watching the market on a daily basis and making plays here and there Day Trading is trading intraday and holding positions no longer than the current day.  
Ok, day trading can still make money but it all depends on the capital you have day trading stocks specifically can become a very capital hungry endeavorer, Options trading requires less capitol but is riskier on an average trade.  I could literally go on forever with this but I think your best option would be taking some classes and learning the basics if it interests you. 
DUBBSDIDDY PM DUBBSDIDDY
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Posted: 1/10/2012 1:43:29 PM
My advice to you is to learn value investing /fundamental analysis first.its not as sexy as day trading but its much safer and more profitable for the average person. Its alot easier to pick up. It basically buying stocks on sale  Day trading is risky business for beginners and not too many people actually make money with it. If you still really want to try your hand at it. I suggest you learn value investing first then pick 2 or 3 stocks with high daily volume and evaluate them thoroughly then get to learning technical analysis and about moving averages (A basic principal of day trading)  Try to trade in and out of those stocks if they take a turn for the worse, you just hold them until they bounce back to what you feel is the true value of the stock.
CIRE5150 PM CIRE5150
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Posted: 1/10/2012 7:43:29 PM
thanks to ypu all that gave me some great advice, dubbsdiddy, gamble for profit, and examine. you were all helpful....best of luck to all of our ventures in life,,,
Forum: Investments
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