New Year Trading Resolutions and What did you learn Last Year
(2004)
zarif
- 01 Jan 2004 13:16
What did you learn last year,Memorable experiences Good /Bad,Lucky trading escapes and windfalls.What are your trading New Year resolutions,Goals Ventures etc.
Sell on the first profit warning and don't go back until the managements changed.
Sell as soon as a company announces it's expanding into America (Apart from Lords Hanson and White all the rest seem to get fleeced by those smart Yanks).
Never leave a spread bet on the dow open over the weekend (especially if the US are going to capture their no. 1 terrorist target that weekend).
There may actually be some benefit from understanding technical analysis (i'm still a beginner though)
TA is not enough to invest on (though maybe to trade on) - the fundamentals still need to stack up
You cant hold AIM stocks in an ISA
Never automatically believe opinions on BBs - always DYOR
Beware rampers/derampers
Follow BB posters comments over a period of time before you start to believe them (and still DYOR)
Always expect the markets to do the unexpected! or atleast believe that it can - nothing is ever certain with investing
If theres something you need to know but can't find - post as a question on this BB - there is a wide array of knowledgable people on here and invariably someone will know the answer or at least where to find it - and most will go out of there way to help if they can
What am i going to do this year:
Get Broadband (the order is in)
Better understanding of TA (from a course)
Make sure I attend some of the NW traders nights out
i'm learning even more this year already - one of my holdings is Skyepharma, who have just issued a nice profits warning. i still have strong belief and see this as a buying opportunity, but this could be a bit of a rollercoaster for the next few months!