Stock Market
I started this thread after hearing folks taking hits to their retirement funds, with little in rebound.
I spent the first posts not with investing, but with protecting your$$$.
Some fundamentals to be aware of before that irresistible urge to invest $$$. Sometimes the hardest part of investing is sitting on your hands, lol.
In another thread it was mentioned lots of bragging going up, silence down .
I can assure you I have a buncha stocks, particularly pot stocks, that I am sooo underwater on, they are down by the Titanic.
That's where emotion over-rode analytics, I was in "love" with them for reasons you know, - POW, right in the kisser .
- Stupid Emotion, - no "stop-loss" either discipline or software, - when I realized the mistake, I didn't act .
I keep those losses on my screen as a daily reminder .
Charting
More to guard your money .
If you have a/any mutual funds, they should have a symbol you can get info and a chart, ask your broker for that symbol .
These charts are Yahoo Finance, build a chart there, or the brokerage you use .
Below are a coupla charts just for demo, the stock is Amazon.
It's candlesticks can make certain formations that can tell you a story of things to come.
There are two lines, red, and blue, - when the lines cross, that is a trigger to buy or sell.
The longer chart since Jan shows bottom left to upper right trend, is good.
Watching the chart on your investment, as long as the 2 lines are diverging or parallel, no worries, when they converge, start paying attention, as they near, - the most attn.
When they kiss, is warning, when they cross, - take action.
That's sorta how you can monitor your stocks, not nec daily, but till the lines start to converge. Maybe a Sat morn check .
The second chart is a basic version of what I would use "day trading", each candle is one minute, and it's live, you watch the candles shrink and grow with each transaction.
The lines crossing would be late triggers for experienced investors.
Due diligence, stop-loss, lines as triggers.
One line is an "Exponential Moving Average" set to 3 (magic Fibanacci #)
The other line is also ExpMovingAvg set to 13, another fib # .
Think of the chart as protection , lol
Cheers
And yes, you can get "shook out" just as it turns back, happens often. But a $9 stop out, then another $9 to get back in, crap, I used to pay $30 each way .
I started this thread after hearing folks taking hits to their retirement funds, with little in rebound.
I spent the first posts not with investing, but with protecting your$$$.
Some fundamentals to be aware of before that irresistible urge to invest $$$. Sometimes the hardest part of investing is sitting on your hands, lol.
In another thread it was mentioned lots of bragging going up, silence down .
I can assure you I have a buncha stocks, particularly pot stocks, that I am sooo underwater on, they are down by the Titanic.
That's where emotion over-rode analytics, I was in "love" with them for reasons you know, - POW, right in the kisser .
- Stupid Emotion, - no "stop-loss" either discipline or software, - when I realized the mistake, I didn't act .
I keep those losses on my screen as a daily reminder .
Charting
More to guard your money .
If you have a/any mutual funds, they should have a symbol you can get info and a chart, ask your broker for that symbol .
These charts are Yahoo Finance, build a chart there, or the brokerage you use .
Below are a coupla charts just for demo, the stock is Amazon.
It's candlesticks can make certain formations that can tell you a story of things to come.
There are two lines, red, and blue, - when the lines cross, that is a trigger to buy or sell.
The longer chart since Jan shows bottom left to upper right trend, is good.
Watching the chart on your investment, as long as the 2 lines are diverging or parallel, no worries, when they converge, start paying attention, as they near, - the most attn.
When they kiss, is warning, when they cross, - take action.
That's sorta how you can monitor your stocks, not nec daily, but till the lines start to converge. Maybe a Sat morn check .
The second chart is a basic version of what I would use "day trading", each candle is one minute, and it's live, you watch the candles shrink and grow with each transaction.
The lines crossing would be late triggers for experienced investors.
Due diligence, stop-loss, lines as triggers.
One line is an "Exponential Moving Average" set to 3 (magic Fibanacci #)
The other line is also ExpMovingAvg set to 13, another fib # .
Think of the chart as protection , lol
Cheers
And yes, you can get "shook out" just as it turns back, happens often. But a $9 stop out, then another $9 to get back in, crap, I used to pay $30 each way .