Any Stock Investors on the Forum?

[Sweramic]

I began to invest money in stocks during my second year at upper secondary school. That was about two and a half years ago in the middle of the recession. I have made some money, but also made some expensive mistakes which I've learned a lot from. Today, I'm active in a society for young stock investors in Sweden and spend a lot of my free time on the stock market.

Do you invest in stocks?

[Numismatist]

I used to day trade and swing trade on the side for a few years. Did all right, but when the economy/market crashed it changed stock patterns and I dropped out of the game.

[Brunotheboxer]

Yes.

[kareemthedream33]

IMO day trading is a fools errand. It might work for a while but eventually it will bite you in the butt. Invest long-term, in good companies with good fundamentals. That's the Warren Buffet way, I believe he's bad some measure of success with it lol.

[skypilot]

I've been investing in stocks for many years and buy stocks that pay good dividends out of earnings and not capital. About as exciting as watching a stump rot but it has worked very well for me.

[BarkMaster]

I have a very agressive long-term position via actively managed stock funds through a 401K.

Last 5 years performance (not including my contributions):

EOY 2005 - up 16%
EOY 2006 - up 13%
EOY 2007 - up 8 %
EOY 2008 - down 42%
EOY 2009 - up 40%
YTD 2010 - 11%

The current balance is 13% more than my total contributions to date.

[toph]

yup, have plenty of stocks and shares.
My tip for making good money on stocks and shares.... sell too soon.

[nejo]

Yes.

What's the society for young investors called ?

[JUSTROLEXES]

All chips are in
LVS Las Vegas Sands
WFC Wells Fargo Co
life is Good

[sea-dweller]

I pretty much have my portfolio in stock index funds, bond index funds and some "growth & income" allocation mutual funds.

[mach330]

just made out big with broadcom (brcm) this week !!!

[kareemthedream33]

Interestingly, I bought Ford Motor Co. stock when it was below $2. I sold it at about $13. It was the luckiest buy I'll probably ever make in my life. And it resulted in most of my current savings. Oh and my Sea Dweller!

[Route 66]

Yes, but only in mutuals; no single company stocks.

[PSG1 Nut]

Originally Posted by justrolexes

All chips are in
LVS Las Vegas Sands
WFC Wells Fargo Co
life is Good

LVS has really taken off since last year around this time.

Bought into it last nov 2nd and it has been GREAT!!

[HL65]

Yes

[Puffy]

Oh yes, both invest and day trade, that's how I pay for my watch collection

[Sweramic]

Originally Posted by BarkMaster

I have a very agressive long-term position via actively managed stock funds through a 401K.

Last 5 years performance (not including my contributions):

EOY 2005 - up 16%
EOY 2006 - up 13%
EOY 2007 - up 8 %
EOY 2008 - down 42%
EOY 2009 - up 40%
YTD 2010 - 11%

The current balance is 13% more than my total contributions to date.

Nice! What is a 401K though?

Originally Posted by nejo

Yes.

What's the society for young investors called ?

Unga Aktiesparare

Originally Posted by mach330

just made out big with broadcom (brcm) this week !!!

Well done sir!

Originally Posted by kareemthedream33

Interestingly, I bought Ford Motor Co. stock when it was below $2. I sold it at about $13. It was the luckiest buy I'll probably ever make in my life. And it resulted in most of my current savings. Oh and my Sea Dweller!

Originally Posted by Puffy

Oh yes, both invest and day trade, that's how I pay for my watch collection

That's cool! Any advice on day-trading?

[Puffy]

Originally Posted by Dreambaby

That's cool! Any advice on day-trading?

not sure what your experience is but i'm in the chartist camp so use technical analysis like candlestick charts to recognise any patterns... also have access to L2 data so can see in real time what orders the big guys are playing with to cause any possible treeshakes.

what has worked really well for me is picking a sector, learn it 110% and then a stock that you know all about. i'm all financial/banks and i both invest, day and swing trade the UK government backed banks, they're like clockwork

i've dipped in and out of indices as well but mostly shorting, you need to be comfortable going long before you start the game of shorting. takes a bit more practice

good luck my friend

[Sweramic]

Originally Posted by Puffy

not sure what your experience is but i'm in the chartist camp so use technical analysis like candlestick charts to recognise any patterns... also have access to L2 data so can see in real time what orders the big guys are playing with to cause any possible treeshakes.

what has worked really well for me is picking a sector, learn it 110% and then a stock that you know all about. i'm all financial/banks and i both invest, day and swing trade the UK government backed banks, they're like clockwork

i've dipped in and out of indices as well but mostly shorting, you need to be comfortable going long before you start the game of shorting. takes a bit more practice

good luck my friend

Interesting Anders! What educational background do you have? I've heard people who use candle stick charts and stairsteps etc. I had a discussion with a relative to my aunt and he used a system caleld "mean inversion". Is it anything you've heard about?

Thanks. Good luck in the future you too

[johnbeth]

Bought DNDN @ $3, sold @ $52. One of my deals....

[Numismatist]

Originally Posted by johnbeth

Bought DNDN @ $3, sold @ $52. One of my deals....

HA! Dendreon - that was a good buy. Played with that one quite a bit. A day traders dream.

[johnbeth]

Originally Posted by Numismatist

HA! Dendreon - that was a good buy. Played with that one quite a bit. A day traders dream.

Even at current price is a good buy, good upside for a little profit...

[Sweramic]

Originally Posted by johnbeth

Bought DNDN @ $3, sold @ $52. One of my deals....

That's amazing! Had any bad ones too?

[Puffy]

Originally Posted by Dreambaby

Interesting Anders! What educational background do you have? I've heard people who use candle stick charts and stairsteps etc. I had a discussion with a relative to my aunt and he used a system caleld "mean inversion". Is it anything you've heard about?

Thanks. Good luck in the future you too

degree in international business/marketing and i've worked in investment banking for yonks but not in a front office trading capacity (don't want to work the hours, got a life outside work that needs to be maintained )

yes mean inversion is what we are experiencing now, returns and growth are returning to a more normal post recession level. a good example is the Dow that is at approx 11,000 so slightly above the 10-10,500 that is a healthy level to me. on that note we will probably see a correction soon...

[johnbeth]

Originally Posted by Dreambaby

That's amazing! Had any bad ones too?

I had some losses, however the wins outstrip the losses 20 to 1!

Originally Posted by Puffy

degree in international business/marketing and i've worked in investment banking for yonks but not in a front office trading capacity (don't want to work the hours, got a life outside work that needs to be maintained )

yes mean inversion is what we are experiencing now, returns and growth are returning to a more normal post recession level. a good example is the Dow that is at approx 11,000 so slightly above the 10-10,500 that is a healthy level to me. on that note we will probably see a correction soon...

I agree! Correction soon. However, metals, coal, etc, (resources) will go higher IMHO.

[Puffy]

Originally Posted by johnbeth

I agree! Correction soon. However, metals, coal, etc, (resources) will go higher IMHO.

i also reckon the Oz economy is due for a taste of correction, it defies logic that recession got no where near Oz. yet the dollar is flying high and the housing market is completely and utterly over cooked

[johnbeth]

Originally Posted by Puffy

i also reckon the Oz economy is due for a taste of correction, it defies logic that recession got no where near Oz. yet the dollar is flying high and the housing market is completely and utterly over cooked

Interesting I am only investing in the US markets, however, as some housing prices have declined a little in the past few month and due to shortage prices have not declined as expected and some predict prices to increase I agree with you and predict the housing bubble will explode!

As for the share market, if the US, China markets sneeze or fart, the Ozzy market will follow suit so good trades are there for the taking.

We will see what happens!

[prc117f]

I primarily sell covered short strangles on the IWM and SPY etfs. (Shorter term contracts with 4-6 weeks of time value remaining)

[fusionstorm]

Originally Posted by toph

My tip for making good money on stocks and shares.... sell too soon.

+1000. A win is a win, and always better than a loss.

[gimpex]

Originally Posted by fusionstorm

+1000. A win is a win, and always better than a loss.

I have this "dilema" now. Bought a share In July , as a sort of a long term punt. The company does business in Africa , it was cheap , sounded like its worth a gamble , and I was thinking 5 year horison. The share has grown 35% in 3 months.

Now I dont know if I should cut and run , as it could be just a short term blip , in which case I could get back at lower level again ( fundamentals havent changed as far as I know ).

Or should I keep and hope it doesnt go back but continues growth although it will not be at the same pace.

We talking a $5K profit ... and I dont need another rolex