Help Please
Q: I'm looking for some good advice on this week's hot stocks can anyone help? I'm very new to this game.
A:
Yeah well, all you had to do was mention the phrase "hot stocks", refer
to trading as a game, and we knew you were new. We got some cool stocks
which represent ownership of companies doing useful things in the world.
We got some crap stocks which allow pretense of owning criminal gangs
ripping off customers, stockholders, and anyone else w
with their swindles. We got some old stocks that have proven they know
how to stick around. We got some young stocks that might survive long
enough to be worth something someday, but "hot stocks"? Sheesh mon,
the word "hot" means stolen and any scammer who tells you he's got a
hot stock for you is saying literally that he's out to rip you off.
Lesson One in trading stocks: it is not the effect on your EGO that
matters, but the effect on your billfold. Good golly, when I do get
something right in the market, the best I can say is that those other
guys, the ones that run the company and the ones who buy the products
and the ones who wanted the shares of the stock badly enough to come
looking for me to sell them my shares, THEY all did something right.
Pooey. What ego effect do I get out of that? Nada zilch zip. But it
is kinda nice having a bit more cash in my billfold so that this old
thing gets to do more of the things that it wants to do. Trading stocks
is not about ego. It's about money. That is lesson one.
There are a ton of worthy links on the web site referred to at the very
bottom of my sig lines. Check them out. They all have advice worth
listening to. That's how they qualified to be on my absolutely free,
won't even allow you to register, not even if you want to, web site.
And unlike the "hot stock" touts who abound, those kinds of advice maybe,
possibly, couldbe, might eventually help you learn how to add to your own
billfold trading stocks.