I refuse to drop apple until it goes up a bit. That may end up ruining me but we'll see.

I do a mix of the two. I've traded and shorted a few. Not as vehemently as Mr. Woild, but I have a few stocks I'm holding on to.

 

I plan to hold on to my stocks long enough to cover most of my initial losses and debts and then to spend more time shorting. It simply suits me better, playing the long game isn't for me I guess.

Also on another note, how many shares do you typically purchase? I generally get 1,000 of any share over $10 and 10,000 for any below. If it's a stock I trust I might just go by price and sink... 60K into but not much more. I wonder if this is making it more difficult for me to see returns or if it's safer.

 

I really should start playing this.

I've been trading with real money over the last 2.5 years with an aggressive short-term/speculative trading style.

All it's got me is a big $8k loss (on a $17k investment). I told myself I'd start doing paper trading when I sold everything to buy my car, but I'm kinda enjoying not having to spend 2 hours every day and 3-4 hours on weekends on technical analysis... >_>

 

On that note...

http://dilbe******/dyn/str_strip/000000000/00000000/0000000/100000/30000/6000/500/136549/136549.strip.gif

 

Damn.... Everyone had a bad Friday. I actually feel better about my last place now.

I'm torn, I've been doing some research, seeing what people like John Paulson and Warren Buffett are investing in and I saw a lot of gold. But by this point hasn't the whole gold thing slowed down substantially. Another problem is that I can't see when they bought it. If they showed their usual foresight they would have got it at a pittance, while I would be buying into a cooling market. Decisions,decisions...

 

I was thinking, at some points the stock has to go back up ... but nooo...

Let's see if it recovers before the end. Don't have the time to do fast trading like I did at the beginning...

 

I dumped google at it's peak. Then this happened. These numbers are making me sad.

 

Do any of you guys know if this game has the stocks pay out dividends?

 

OMG I'M WINNING

 

The fact that winning these days means a .1% profit makes me very sad.

 

Shit... I take it back

 

Lol World just shot from last into first. Insanely curious about what he's got that went crazy today.

 

Just my stock that went down before, went back up again. If I had held them for a bit longer, I would've made another 20k or so, but I decided to get rid of them with minimal losses.

 

The safest way to invest your money is just to put it into a mutual fund or bonds and leave it there. Here are some choices of mutual funds that invest in stocks or bonds that have good returns.

If you are dead set on investing on stocks on your own however there are a few things that you should know before you do. This is the first book I ever read on stock investing. It's painfully basic and I would only recommend it if you truly don't have a clue what you're doing. Also, there are a few misleading statements by the author but overall its not bad. Once you have a basic grasp on how everything works it would probably be best to just open up an account at some brokerage service like E-Trade or Scottrade and see what you know and what you have to learn still. If you come across a term you don't know, you can just Google it and figure it out.

 

Ugh, finally in the fucking green!

I should have saved myself a lot of heartache and bet on BAC and GE at the beginning.

/Scrib is quite pleased with himself.

 

I just barely made it into the green today too. If it weren't for one stock dragging my entire portfolio down, I would have been good a while ago.

 

Which is why I abandoned that diversity shit.
1) Pick a good stock.
2) Throw all your money at it.
3)???
4) Profit.

This was pretty much what I've found to work. I wouldn't recommend it IRL, but here it's pretty effective.

 

Made about 30k less because the system cancelled my buy order before it went through. WHY? =(