Carp
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- Feb 7, 2009
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What sort of investor are you looking to be? Traditionally, long term investors into a company tend to fair much better since most stocks will go up given enough time. But if you know what you are doing, you can do well swing trading as long as you stick you a good plan and know when to get in and when to get out.
Support and Resistance levels are good terms to become familiar with if you're going to be an active investor. Don't just blindly enter a stock because you might like the company. Look for good entry points by checking for patterns, channels, and candlestick formations. Stocks love to bounce off of previous support levels
It may sound like common sense, but you never want to buy high and sell low. Don't get discouraged if the stock you're in drops. Again, if you've done research on a company and believe in their business and are a long term investor, then a drop in price is just noise and in all likelihood, you will see green eventually.
In general, most ETFs/index funds pay nice dividends, tend to be fairly safe investments compared to other stocks, and tend to beat the overall market performance. So if you're looking for a "set it and forget it" type of investment, ETFs can be your friend.
Support and Resistance levels are good terms to become familiar with if you're going to be an active investor. Don't just blindly enter a stock because you might like the company. Look for good entry points by checking for patterns, channels, and candlestick formations. Stocks love to bounce off of previous support levels
It may sound like common sense, but you never want to buy high and sell low. Don't get discouraged if the stock you're in drops. Again, if you've done research on a company and believe in their business and are a long term investor, then a drop in price is just noise and in all likelihood, you will see green eventually.
In general, most ETFs/index funds pay nice dividends, tend to be fairly safe investments compared to other stocks, and tend to beat the overall market performance. So if you're looking for a "set it and forget it" type of investment, ETFs can be your friend.