And I'm back up to pre-"crash" levels... Wish I realized this when I started "investing" years ago.
realize what?
To not freak out every time the market moves up or down if I'm not holding speculative stocks.
is a trailing stop the best way to maximizing profits?
ie: the stock u picked has reached your target profit lvl.
how to limit downside and maximize profit?
you limit downsize the same way. If you buy a stock for $10 and set a 10% trailing stop, it will trigger a sell @ $9. But if the stock goes to $11, the stop is still there at $9.90 (10% of $11).
if I speculate on a new stock, whats the general concensus to set the trailing stop at?
5%?
The latest was on penny stocks. They tend to be a complete crap shoot so I suggest having nothing to do with them.
Michael
<typing on my phone without my reading glasses ...>
I've been wanting to get into the market but I keep thinking it's gonna crash.... should I still wait? this sucks. I would have def made some money if I started this time last year on what I was watching.
I've been wanting to get into the market but I keep thinking it's gonna crash.... should I still wait? this sucks. I would have def made some money if I started this time last year on what I was watching.
I have TWC shares which had already been doing well before the takeover offer. Now I need to decide if I should take the money or the Comcast shares and become a Comcast shareholder.
Michael
That was my thought as well. I can always buy Comcast later if I like the company.
Michael