Just threw some money into a Scottrade account. I have a few managed accounts, but I wanted to get more hands on with my investments and learn more about the US Markets. Anyone here big into trading? What's hot and what's not?
Natural Gas gas been hot coming off its lows and running for a few months. CNX, RRC, EQT are some of the better names but they have had nice runs already. That's the issue with momentum trading--you may get in at the top and need to keep a very close eye on things and be willing to take a loss. I wouldn't recommend this type of trading to a novice. Rather, I recommend that you buy out of favor stocks who are undervalued relative to their assets and have some indication that they are on the move up. The dry bulk shipping industry comes to mind. DSX is very attractive between 2.25-2.50. If you want more excitement than this, MGT is a company that the guy who developed Mcafee anti-virus recently joined. He's eccentric and has hired a bunch of geniuses and is talking about new ways of cybersecurity. They are also going into the Bitcoin market in meaningful ways. I've traded it several times--last I sold at around 3.50--its at 4+ now. Banks are not hot although they are having a good day today. Oil services are not hot but may be at the bottom but maybe not. TDW is an interesting play and sells for way less than its asset value if you think drilling is going to move back up. I recommend that you decide on an industry and then learn all you can about it and the companies that operate in it. Industries that have been doing well and are projected to continue are used car (Autozone and others), Natural Gas (for electricity production), and cyber-security. Don't know if this helps you--good luck.
Im more of a mutual funds guy myself as I just have never been able to master the craft of trading straight up on Scottstrade and other individual stocks
I tried this shit. It's a legal version of sports betting but not as fun. I have some money in my accont but I don't know what I'm doing. I feel like I may as well go play craps at Foxwoods.
If you must trade, learn to trade the mini S&P, more forgiving on your account and more flexibility with swings of the market, but you must learn it well, once you do it can be very profitable. Trading individual stocks is not the best way to learn the stock market.
I dumped everything I have into Medical Marijuana Inc at .04 I just need it to go up 10,000% and I'll be set.
It sounds like you need to read up first. Investopedia.com is a good place to start. If you're looking for something easy to start with while you're learning, try Dogs of the Dow strategy. The concept is pretty simple. Split you $ equally between 10 stocks that paid the highest dividends previous year. Keep it for one year, then on Jan 1st of the following year reevaluate and reinvest. Over the past 70 years this strategy outperformed Dow by about 7%.
I've always been interested in getting into the stock market, but the recent events along with England leaving the EU makes me worrisome about the market. I'm young and would like to invest eventually for the more long term outcome What's a good amount of cash to start with, or a reasonable amount for someone that doesn't have a lot of capital? Does $500 fit the bill, or does that not yield quality long term results? (Of course assuming the investments pan out).
This is something I would love to get into but have zero knowledge about. Where is a good place to start with basic investments. Does anyone think investing in marijuana is a good idea. It was just legalized medically in FL, it feels like a no brainer but like I said I have zero experience in this subject.
