As many of you know, I started a stock picking thread last year, but unfortunately, due to time constraints, I just wasn’t able to keep up with it. However, I’ve streamlined things a bit, so updates to pricing and performance will almost be immediate. (about a 30 min delay to real time).
In addition, I will be posting some information on some basics for trading, explaining some technical and fundamental analysis techniques. I might also add a forum for users to discuss their own picks, analysis, or to ask and answer questions others may have. We’ll also discuss how to minimize your risks when placing trades.
This isn’t going to be for day trading, or even options. I’m only going to do simple buy, hold, sell of stocks. The actual name for it is Swing Trading (as opposed to Day Trading) Swing Trading essentially means you’re not buying and selling the same day. Instead, you buy and then hold onto the stock for a few days, weeks, even months, before selling. This method isn’t to get rich quick. Rather, it’s to make a consistent return that’s greater than the bank. My goal will be to show a 30% return or more over the course the year.
The stocks that are picked will all be no more than $20 per share, so that you can play along even with smaller accounts. I do say play, because this is purely for entertainment purposes and not financial advice. Hopefully some will learn about how to trade and something about analysis, but the decision what to purchase and when to sell, is always on the individual.
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