What's the general strategy for people on this forum?

[jmiles301]

Quote from Cyber0066:
hoping they'll go up within the next year or so.

sounds like you need a plan.

a detailed one...

 

[Steelhead]

shoot from the hip

throw it against the wall, see how it shakes out

the important thing is what you do next with it

 

[Cyber0066]

Quote from jmiles301:

sounds like you need a plan.

a detailed one...

Well obviously I do more research than that. I pick them based on fundamentals and research on the company's balance sheet and income statements and check to see if they've been growing.

Or when the market turns sour on a stock I've been keeping my eye on, I'll pick them up.

 

[Cyber0066]

Quote from Steelhead:

shoot from the hip

throw it against the wall, see how it shakes out

the important thing is what you do next with it

I was never good at darts

 

[murray t turtle]

Quote from Cyber0066:

I just started investing and so far, the few books I've read mainly focused on long term investing (buffett). Knowing a company inside/out etc etc.

Seems like the mentality of this forum isn't like that. Everyone's talking about technical analysis, day trading with some of these terms I never even heard of.

So I'm just wondering what the mentality of this forum is. Just cuz if it's the latter, then ET might not be the right place for me. I'm looking for long term strategies.

=================
cy;
Search, top button, this page,''CAN SLIM''[Investing professionaly, like ''How to make money in stocks''
book by William O Neil]

Much better than Buffet;
unless you buy whole company, like Buffet.

Neat thing about CAN SLIM, dont have to buy whole company;
wisdom is profitable to direct

 

[jmiles301]

Quote from Cyber0066:

Well obviously I do more research than that

i'm not talking about research...

i'm talking about a plan, where you have thought out in ADVANCE what you would do given any particular market condition at the time. this way, you won't have to worry about when "X" happens, because you have already strategized a contingency plan beforehand.

and then execute...

 

[ess1096]

Quote from Cyber0066:

I just started investing and so far, the few books I've read mainly focused on long term investing (buffett). Knowing a company inside/out etc etc.

Seems like the mentality of this forum isn't like that. Everyone's talking about technical analysis, day trading with some of these terms I never even heard of.

So I'm just wondering what the mentality of this forum is. Just cuz if it's the latter, then ET might not be the right place for me. I'm looking for long term strategies.

Well, It is called Elite Trader.......not Elite Investor.

 

[jmiles301]

on a side note you could always try www.trade2win.com.

i always use ET, but there might be something there that fits your needs. it seems to be much more comprehensive and specific, but it's very clustered, and i've never sifted through it.

 

[cashmoney69]

Quote from jmiles301:

give it time. it's not going to happen overnight.

i'm still working on it, trading incredibly light, and if it takes another few years, thats fine with me. i love trading and im not after getting rich quick, so a little patience and perspective are my best friends at the moment.

happy trading

"Happy trading"

You too . I ordered a book off amazon about options which should help. I'm not trying to get rich quick either, but I think learning to hedge is going to save my a$$ in the long run.

 

[1bigsteve]

Short term trading! I make a living in short term trading. Day trading is too risky for me and long term too slow. I NEVER stay in a stock during it's consolidation period. Not only would I be losing money as it's going down but I would also be losing time as well.

-1bigsteve (o: