But people say to "buy when it is up and sell when it is down". Well, duh, but HOW? I want to gamble and I want to win.
I 'play' on the market and have been playing for a long time. About two years now. At updown.com. They give you a million dollars of play money, and you can invest it however you want, and if you beat the S&P 500, you can earn real money. Click here to get started with Updown.com.
I 'play' on the market and have been playing for a long time. About two years now. At updown.com. They give you a million dollars of play money, and you can invest it however you want, and if you beat the S&P 500, you can earn real money. Click here to get started with Updown.com.
I have struggled with finding patterns to look for, studying technicals, and all the while, the market is tanking, so all the 'normal rules' cannot be trusted, in my book.
First, I started looking for Acquisitions. This was fun, but the timing was always too slow, and wasn't always what I wanted. I would find smaller companies, and invest some money into them, and wait for the bigger companies to buy them. Sometimes it worked, sometimes not. Reuters has a deal where they alert you each day for 'Mergers and Acquisitions', and I used that to make my picks.
Then I started looking at IPOs, well, haven't really been lately, as there haven't been any IPOs in this market really.
Penny stocks are really FUN. You never know what they are going to do. You can make huge gains, but you can also lose everything.
This is all with fake money, just so you understand.
The MOST FUN comes from learning how to day-trade from looking at earnings. Find a company that looks like they are going to be doing well in terms of earnings, and buy buy buy them, about two weeks before their fiscal quarter ends, and, if there aren't any surprises, you can make huge gains. With surprises, you can also make huge losses, but I have found that earnings are a pretty stable way to 'gamble' and have a lot of fun. When they announce earnings, and the stock goes up as high as you like it, sell sell sell, then short, short short, and catch it on the downswing, then buy buy buy, that pattern seems to happen really well, especially in these times, everyone wants in to a company that is doing well in earnings:
I ignore volume completely - that is probably not a good thing.
