I have only been buying and trading stocks for a month come September the fourth. I write this up on Sept. 1. Today was a very bad day for all my stocks with many taking a major hit. I do not pretend to know much about what I am doing but I have made a few hundred dollars my first month and I think I have learned a little. Since I am writing for those like me who have little to no idea what they are doing in investing in and buying and selling stocks, people who may only be a few days behind me in their stock trading career, I am going to be bold enough to pass along what I think I have learned to date. When the market is bad as it is now one needs to be attentive to the points I am making.
(1) Don’t get greedy. If you have made a little money on a stock sell it. Yes, you may leave a nice sum of money you could have had had you kept the stock and it continued its upward rise but the old saying that a bird in the hand is better than two in the bush has merit and will not serve you wrong in the long run. Greed leads to gambling and no gambler is going to win in the long run. There is no one living who can tell you how high a stock will go or when. If it is up enough to make a little money sell it and put the money in your account. Continue reading ‘Beginning Online Stock Trading – Surviving a Bad Market’ »