is my new girlfriend. I spend half my work day and hours before bed digesting and absorbing anything I possibly can about the stocks, trends and anything else related to it. A couple of great FREE sites to check out:
http://www.fool.com/
http://www.thestreet.com/
http://www.reuters.com/
I also love reading The Investor's Business Daily, however, this is a pay site so I recommend having some friends share the monthly fees with you. Online brokerages also provide a plethora of stock research information, and some even offer real-time stock quotes for FREE!
I personally use Scottrade, which is excellent and provides a lot of FREE benefits that a lot of online brokerages usually charge for. Also, you can setup an account with no minimum balance and there's no annual/monthly fees! They also have a local offices everywhere, so you have someone to ask dumb trading questions (I do it ALL the time!) to or help you with any account problems, which is much better than waiting on hold FOREVER.
If you do decide to get a Scottrade account, I highly suggest you find someone who already has an account so that they can refer you, that way you'll get 3 free trades with a minimum $250 deposit. They'll get 3 free trades also so it's a win win situation! If you can't find a friend with an account, email me, and i'll gladly send you a referral!
Did I also mention that every trade is only $7?! 10 or 10,000 shares, buy or sell, it's always $7. You cannot find a better deal out there!
Anyway, I'll stop talking like a salesperson now! More posts to come about trading strategies (the good stuff)...
Monday, April 30, 2007
Thursday, April 05, 2007
Whoa...
Crap, i just realized it's been MONTHS since i've made an entry! Anyway, it's prolly because i've been up to the SAME 'OL SHIZZO since the last post. Lots of drinking, lots of sleeping, and lots of SEX! Just kidding...I didn't sleep that much!
Honestly though, I've been really engrossed in the U.S. stock markets right now, and I've been exhorting ridiculous amounts of my free time studying charts, reading articles, and picking away at cash flow statements and balance sheets. Basically, I'm downright obsessed and found my true calling. Well, it's prolly just a phase and I'll lose interest as my stocks plummet into oblivion along with my life savings....lol.
I doubt that anyone's interested but here's a website that I've been using to test my theories, and basically compete with other peeps on how well I'd do if it were real life. Of course I do not or would ever have that many stocks in my real portfolio, but let me reiterate that it's just a GAME. The thing with this site is that you also compete with the S&P500, which let me tell you is TOUGH.
But I've been lucky, in the past 6 months I've managed to accumulate 900 points (or 900 percent better than the S&P500), majority of which was through shorting big stocks. For some reason I have this weird knack for calling crappy companies. BUT, I've yet to grow the testicles to try this in real life! However, with the encouragement of my coworkers, I've been monitoring my select picks, and so far with somewhat promising results. I guess the pessimism in me can actually be put to good use!
Maybe in a month or so I'll begin to try it out in real life. Hmm...this is both exciting and scary at the same time! Just like the first time you drove a car! You want to go faster, you know you can go faster, but you know you shouldn't go faster, and sometimes you find out the hard way! And by hard I mean a telephone pole or rock wall, or even worse another car!
Anywho, further posts to come, mainly for record keeping on my theories and certain picks that some of you all out there may consider...stay tuned!
Honestly though, I've been really engrossed in the U.S. stock markets right now, and I've been exhorting ridiculous amounts of my free time studying charts, reading articles, and picking away at cash flow statements and balance sheets. Basically, I'm downright obsessed and found my true calling. Well, it's prolly just a phase and I'll lose interest as my stocks plummet into oblivion along with my life savings....lol.
I doubt that anyone's interested but here's a website that I've been using to test my theories, and basically compete with other peeps on how well I'd do if it were real life. Of course I do not or would ever have that many stocks in my real portfolio, but let me reiterate that it's just a GAME. The thing with this site is that you also compete with the S&P500, which let me tell you is TOUGH.
But I've been lucky, in the past 6 months I've managed to accumulate 900 points (or 900 percent better than the S&P500), majority of which was through shorting big stocks. For some reason I have this weird knack for calling crappy companies. BUT, I've yet to grow the testicles to try this in real life! However, with the encouragement of my coworkers, I've been monitoring my select picks, and so far with somewhat promising results. I guess the pessimism in me can actually be put to good use!
Maybe in a month or so I'll begin to try it out in real life. Hmm...this is both exciting and scary at the same time! Just like the first time you drove a car! You want to go faster, you know you can go faster, but you know you shouldn't go faster, and sometimes you find out the hard way! And by hard I mean a telephone pole or rock wall, or even worse another car!
Anywho, further posts to come, mainly for record keeping on my theories and certain picks that some of you all out there may consider...stay tuned!
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