I have been in the market 2 years now. Im up 4% which is horrible. I have found my problem is that i don't know when to sale. My strategy is buy and hold good companies, w good balance sheets. The only thing is I hold to long and let all my gains evaporate. Is there anyone on the green screen that has good experience, that would like to share their knowledge?
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In my experience if you aren’t knowledgeable and active, day trading isn’t for you. Better off with mutual funds, etc
I tried and made a little, lost some more because I was too passive about it and it barely made me any money. I’d rather pay someone smarter than me to handle it for me. I went from 5-7% when I did it to average of about 12% when I let a pro handle it for me. Worth the 1% he charges
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If trading were easy we would all be millionaires.
I bought Amazon at $80 and Apple at $42 and still hold those stocks. Unfortunately I was right out of college and didn’t buy enough.
I also bought bank stocks that went belly up.
Since then I’ve switched to more stable investments for real money and more risky for 401k. Time will tell.
Good luck in Wall Street Vegas. Hopefully trump doesn’t continue his crusade on tariffs.
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Ramit Sethi and Dave Ramsey both have great investing advice, be in it for the long term.
The data seems to show that VERY few people every really succeed at timing the market so investing the majority of your cash for the long term and keeping some "play money" for volatile investments for things like crypto and looking for the "next best thing" stocks.
I really like Ramit's advice on how stupid it is to put all your eggs in the crypto basket...
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Originally posted by Capt.Brown View PostHire a professional, like Edward jones type company. But do your research find someone that has your core values and is like minded or it will never work. You have to have some level of trust in the person your investing with.
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