Day trading takes balls of steel and lot's of skill...it's not for everybody. I've been daytrading for 4 years..im still uncertain as ever. If you really want to be good at day trading..it will have to be a full time job..
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Day trading takes balls of steel and lot's of skill...it's not for everybody. I've been daytrading for 4 years..im still uncertain as ever. If you really want to be good at day trading..it will have to be a full time job..
I'd rather gamble I something I am good at, like Hold em.
People don't go nuts and shoot up daytrading offices for nothing. Day trading is a great way to end up with nothing in a hurry. I'd rather just go to the casino and play the black/red bet at the roulette table. it's faster and the odds are about the same as daytrading. Physical gold and (and other metals) is for long term wealth preservation. Some banker can't steal my gold or the Fed can't dilute it by printing up more gold with the press of a button on a computer. I guess it boils down to what is more important to the investor. I choose a lesser return (but guaranteed long term value!) over gambling paper money in a rigged game that may or may not pay off. Btw, a market crash is expected in the next couple months so right now is a terrible time to put cash into the market. You've been warned...
Gold is likely near a bottom of $1000/oz and I don't see silver going below $13 either even with a short term dollar strengthening session in the near future (early spring most likely, to coincide with the equity market crash). Long term trends show a slow but definite bias toward metals compared to the dollar. These dips are great opportunities to buy some metals and preserve the "money" you've made. Ill leave the gambling for casinos.
Well daytrading is safer than a casino imo. If you know what you are doing. The hard part is self control and money management. You see millions getting made with every move and you want a piece of the action. Most margin calls i've seen are basically textbook cases of overtrading. Too many positions taken. The market is predictable just don't go all in. The psychology is really similar to hold em. Just don't go all in preflop if you have pocket aces..
Now silver to me seems pretty unaffected with the recent dollar rally. It's been trading between 15 and 19 since october if i look at my charts. EUR/USD has been ranging for a week. I really think we have bottomed out there is strong resistance to the upside and support to the downside. Although analyst believe we will see dollar strength in the first quarter i look at my charts and i see oversold. We'll see..i predict a slow climb up for the EUR..
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You are absolutely right that it needs to be a serious endeavor and that it should be a full-time job. However, it doesn't have to be. You can pick 10 stocks with high volatility and do moderately well if you are cautious and don't jump your money in when you are still unsure what the market is doing.
IGT I understand man. Gold is a great investment for longterm wealth management if you don't want your money working for you. If you want your money to just stay there, not go anywhere, then gold is the buy for you. However, I am just pointing out that there are different and more lucrative options. I know that I have suggested day trading because it is fairly easy to do if you have the time to invest in learning how stocks react and how absolutely finicky the market is. The most important thing in day trading is to get your money and get out. Hop on the rally for say 4 cents per share and once it reaches that pull your money out and stick it into something else or reevaluate the situation as it stands. However, if you want wealth stability, I would honestly put my money in real estate. Gold is trading very high right now, not all time but still very high and in economically good times the price of gold will drop because of higher confidence in the dollar and in the economy. Instead of shoving money into a nonliquid asset that is at the height of its price, why not shove it into something that just fell like a rock like a home or business rental property? If you have the money to pick up a foreclosure in either market you should jump on it. However, I warn you to do your research before choosing a market to invest in. If the area you are thinking about is dying such as detroit, the price might be right but the prospect for getting a renter into the home is almost zero. Choose markets that are growing and that have stable long term industrial ventures. Another good strategy is to invest in satellite townships that develop outside of an urban center. As these are created the land and development costs are low but the long term profitability is very high. Anyways, I am just saying there are other more viable options than gold. As to a market crash, I can certainly see a readjustment in our future if only because of the meteoric return of the American stock market over the past year. The market is being driven in a purely speculative manner no doubt. That being said, the market is still low enough that throwing money into it in more conservative investment strategies like investing in ford, citi, BoA, etc are all good in the long term simply because of how low they are trading now.
D
danimal7
people tell me all the time
" you can't eat your gold and silver"
THATS WHEN I TELL THEM
"IF IT GETS THAT BAD....I'LL HAVE PLENTY OF PEOPLE LIKE YOU TO EAT
" you can't eat your gold and silver"
THATS WHEN I TELL THEM
"IF IT GETS THAT BAD....I'LL HAVE PLENTY OF PEOPLE LIKE YOU TO EAT
D
danimal7
I love the way these sheeple have sooo much confidence in the Dollar and the fake U.S. economy, but then they will flip it to a doomsday scenario to tell me how useless my gold and silver will be
I dont want an economic doomsday, or starving people, but if that happens I have the ability to hunt for food and protect myself....and I doubt it will be the end of money,currency,trade...ect....
DONK(therefore)
I'll continue to hord metal...gold ,silver, lead
I dont want an economic doomsday, or starving people, but if that happens I have the ability to hunt for food and protect myself....and I doubt it will be the end of money,currency,trade...ect....
DONK(therefore)
I'll continue to hord metal...gold ,silver, lead
The US government plans to pay it's debt to China off with INFLATION.
If you can't understand that, then don't buy gold.
If you can't understand that, then don't buy gold.
You're free to invest your money in a company that makes a fortune spying on you. Talk about paying for your own imprisonment.
http://www.dailytech.com/article.aspx?newsid=4774
For my money, it's going elsewhere. Gold up $20 today. I still see a stock market crash coming soon that will temporarily bump the dollar and drop metals some, but metals are a steal right now regardless and will only keep going up in the long run.
Yeah, Google is a non-aggressive way, to spy on you.
Google Phones..... Hello?
Google Phones..... Hello?
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danimal7
LMAO.... valued in Dollar$?! hahaha...
sorry dude ...only HARD,TANGIBLE ASSETS willpreserve your wealth in this upcoming shitstorm
Its all a scam like they did with houses going up in value then few years later everyone in debt and market down to the floor.its the bankers making shit up like they did in 1930's with trade your gold for cash or go to jail for 10 years
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danimal7
yeah, true, ya just gotta know when to exit the bubble....
I'd like to trade mine for a
house and land when the time comes
LMAO.... valued in Dollar$?! hahaha...
sorry dude ...only HARD,TANGIBLE ASSETS willpreserve your wealth in this upcoming shitstorm
Lol if inflation exceeds the gains from google's stock we have much larger things to worry about, like buying bread and stockpiling canned goods.
LMAO.... valued in Dollar$?! hahaha...
sorry dude ...only HARD,TANGIBLE ASSETS willpreserve your wealth in this upcoming shitstorm
what are hard tangible assets? isn't gold fit under that umbrella?
Yes, that's what he means. Gold is a tangible asset. Like food or other life sustaining items. Real estate too (to an extent). This is as opposed to "paper" or "digital" assets that can, and will, be devalued by the government or outright stolen by the government eventually like they always do when governments are about to go broke.
They're already eyeing your 401k and IRA plans for seizure to fund the government's unsustainable debt. Your Google stock isn't excluded.
From last year:
http://www.usnews.com/money/blogs/capital-commerce/2008/10/23/would-obama-dems-kill-401k-plans.html
From last week:
http://www.businessweek.com/news/20...tiatives-limiting-401-k-choices-ici-says.html
I'm sure all of that holiday spending offset the gold price. I think it will keep climbing past $1200 this month. They are starting their terror propaganda machine up again. Gotta keep that fear up a notch or two. Maybe some brainwashed celebrity will cause more distraction and keep the sheeple in a daze.
G
guest1ab
the stoner index
the stoner index
considering that stoners are exceptionally smart ppl, what are all of u interested in investing in?
while we're at it, what is your position on gold? Would this be a good time 2 buy or sell?
thanks
the stoner index
considering that stoners are exceptionally smart ppl, what are all of u interested in investing in?
while we're at it, what is your position on gold? Would this be a good time 2 buy or sell?
thanks
