Posted by: Wolf_of_wall_street December 28, 2014
INVESTING IN STOCK HELP NEEDED
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Hello guys I like the thread so much that I went in and created an account just to give my input. I have been scrambling around trying to get into stock market for about 9 months now. In the process I have lost about 15 grand. Well that includes education and stuff like that and multiple trial and errors and stupid mistakes. Well you got to start somewhere. I am slowly getting my head above the water now :) There are few different types of traders/investors and trading styles. Day traders , Swing traders and Investors aka value traders ( Warren Buffet). I decided to go as a Day trader. As far as trading style goes there are people who use Technical analysis which is studying chart patterns, moving averages, breakouts .And there are some using Fundamental analysis which is study of company balance sheet, P/E ratio, earnings report and so on. I personally didn't like Fundamental analysis. It's totally personal preference on what kind of trader you want to be. You can combine both to get odds in your favor too.

I traded penny stocks/Micro cap for about six months.There is nothing wrong with the penny stocks.I had some good gains but again I gave it all back doing those rookie mistakes.No matter what you trade the foremost thing is that you need to educate yourself. There are various website that will teach you how to trade. I followed Tim Sykes for about 3 months and followed his trade.Now I am doing my own thing. Let's see how it goes.He has his DVD's for sale in his websites but I downloaded it online pirated version :) He also have a daily trade alerts and chat room that cost about $99/month. Also open paper trading account with TD Ameritrade its free that way you will have a chance to put in the knowledge that you gain and get a feel of it. Hope this helps !!!!!!

Now starting 2015 I will start trading Mid-Cap stocks. Will keep on posting my trade. Let's see how well I will do this year. Cheeeers guys happy trading :)
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