I believe that bad news can often affect a stock for a few days - first the stock drops on the bad news, then new sellers appear because the stock has dropped. I'd wait a week and see if the stock has stopped falling and then - if I believed the company had not been seriously damaged - start buying. For example - the cost of oil goes up because Libya can't open it's oil terminals because of a dispute between rival factions - so trucking company stocks go down because they use diesel fuel. however, an improving economy means more trucking is needed and fuller trucks so you have to decide if a slight blip in oil prices justified a drop in the trucking company stocks.
Hi there,
You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org)
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org
Bye Bye
Are you accounting for dealing costs in your vitual trading. You will need to make 2% at least for the net return ( price minus costs ) to equal book cost ( price plus costs ) , even more for smaller stocks with larger spreads.
This is a complete waste of time. Unless you are trying to simulate some trading strategy. There are so many things missing in virtual trading: fear, greed, money, psychological considerations. It's crazy. It's like playing poker with matchsticks (yeah, ok,. we did that when we were eight or nine but grownups.....
I've recently acquired quite a lot of interest in trading of stocks and shares etc, so I thought I'd give it a go with "virtual" money to see if I have a knack for it.
So I've started reading FT and researching businesses I've read about in the paper and today I started my first day buying shares (I'm not stupid enough to actually buy the shares - I have no experience whatsoever and don't know much about trading - so I'm just using virtual software).
I read in the papers this morning that the ex-Barclays chief and other people involved with Barclays are facing trouble from the fraud office. I did some research and decided to short sell and I got a +1.51% return on that.
I also read about people urging the Credit Suisse chief to quit over tax spats with the US, so I short sold on the NYSE and I'm currently up about 0.3% on that.
I was looking into metal production recently and took an interest in ArcelorMittal. People have been predicting that, despite the major decline in metals production over the past years, production and sales are expected to begin rising soon, so I bought some shares in that and plan to see how they do over the next few months/Q.
I also bought shares in Schlumberger based on the fact that they are massive in the 3D-printing industry, which I believe will generate lots of money.
Is this good trading logic? Or really poor?
Is it OK to buy shares in the morning and sell them later in the day? Or is that unheard of??
