| darthdevidem01 said: I am learning too. I'm reading a book about candlestick charting and short stock's. Do any of you have advice to someone completely new to it? |
Sure, I know a bit about short stock.
For those who don't know, Short stock is essentially betting that the stock will go down. If it does, you make money (for free essentially), if it goes up you can lose (in theory) infinite amounts of money. What you do is go to person X who has a lot of stock in Company A and ask to borrow their stock with a promise to give them all back. You then sell those stock to person Y. You hopefully watch the the stock drop, buy replacement stock and give it back to person X netting all the profit. If stock goes up you have to pay out of pocket the difference.
My advice, stay away unless you have serious time to invest in researching stock. That means for the average person with a day job you don't have enough time to research stock to do something so risky. Buy & Hold can return good investments (10% a year or more if you pick a good stock), but you just have to be a little more patient. If you have to ask tips about short stocking on a videogame forum then you probably shouldn't be doing it.
