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Offer a helping hand to a novice     

Uche - 12 Aug 2003 03:19

I've just graduated form the Uni. where I've done some research on daytrading activities. I feel this is the best time to give this a try as the bear market seemed partially over for now. Few questions - what is the best way for a novice like me to make a start ... and ... what is the minimum capital that I need to start - to know if it's within my reach.

petralva - 15 Aug 2003 19:49 - 21 of 24

csv up another 18% not sure whats going on? shroeders are taking up a lot,perhaps because of the debt,they might be looking for a debt for equity swap in the next few weeks,thats if they can get 51% of the vote and force the banks to do something about it,and force it into admin,and then sell the remaining assets on,or something else? who knows im not an expert!.

bingobingham - 15 Aug 2003 21:37 - 22 of 24

Uche,

I certainly don't agree with the statement "don't invest what you can't afford to lose". The likelyhood of you losing all your money, unless you are stupid, are pretty remote. As the saying goes "the trend is your friend" and "never catch falling knives" is actually a good strategy in pratice. Do your research and look at those charts! You MUST set tight stop losses!

Paul

angi - 16 Aug 2003 12:51 - 23 of 24

Paul,

I have met several unfortunates who have lost money that they did not already own, buying or selling the stock market. None were happy bunnies, nor would I be. It's great taking risks and winning, but if you lose, it's a very uncomfortable feeling, and if you have borrowed the money you've not got just yourself to answer to. If you are single and have no children, there's still the bank/parent/sibling or whoever else leant you the money and what about loss of confidence. I know you can get out if you have a stop loss but the whole point of buying shares or shorting is that you have are confident about your reasons for action. I have not yet met anyone who bought shares of shorted in the hope of losing money.

Angi

Iain - 16 Aug 2003 13:18 - 24 of 24

"The likelyhood of you losing all your money, unless you are stupid, are pretty remote."
As the saying goes "the trend is your friend" LOL

How many is remote?Plenty have. Plenty will.
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