kram
- 07 Oct 2003 16:34
I've managed to persuade my good wife to allow me to chuck 500 into the stock market and I'm trawling all my back editions of SHARES mag to try and find a speculative share at around or under the 25p mark and all I've managed to do is stress myself out and create a list that I am about to take a stab at with a pin whilst blindfolded. I missed the boat on several stocks recently and am now in the position of asking if anyone has any tips for me to look at?
I know I need to DMOR but I still struggle to get my head round fundamentals and would welcome any ideas for a short term punt!
I know posting this seems reckless and smacks of a naive desperation for inspiration and well......... it is!
ANY IDEAS?
Kayak
- 09 Oct 2003 20:07
- 26 of 27
ajren, just for interest could you give a couple of examples of "professional sites" that you look at?
kram
- 17 Oct 2003 11:42
- 27 of 27
Thanks Wilco99
I'm into sectorguard already but appreciate and share your sentiments. I agree with Zarif that paper trading is wise when starting out. I'll be honest though I knew as little about stockpicking after a couple of months of "pretend" trading as I did before I started.
My most successful stock to date is URM. I bought urbium pre consolidation and despite my mates advice to sell, as "ALL shares drop at consolidation," I held and am currently 68% up with a stop loss set at 5% below this. By contrast I bought ILX who promptly did a reverse split at 1000 for 1 and I am now 36% down on my stake LOL.
The ONLY money I risk is that which, should it all be lost, will mean I stand to be upset but not broken hearted. Don't get me wrong I'm deadly serious about growing my investment its just that I like to sleep at night!