Quote:
Originally posted by dimple2001
If you are just simply new to the concept of day trading/equity trading, I am sure you can use the tutorials and other online/offline resources to learn the terminologies of trading and gain experience as you go along.
I personally believe nothing can beat the experience one gains while loosing and making in the market, One has to be very patient, the tutorials and lessons are very complicated for a beginner to understand, reading helps a lot so read as much as you can. I'm not a day trader and believe in long term investing. Me and my husband both have seperate TD-Ameritrade accounts and he is very active in trading and compared to him I sit on my account and do nothing, the gains in my portfolio have always been bigger!
But that's one strategy, you have to find one which suits you, right now the market is expensive but there are always good companies so do your search first and then take a jump! All the best!
Jona
Location: Western Hemisphere
Posted on: 18-12-09 09:57:17
Quote:
Originally posted by jonav
I personally believe nothing can beat the experience one gains while loosing and making in the market, One has to be very patient, the tutorials and lessons are very complicated for a beginner to understand, reading helps a lot so read as much as you can. I'm not a day trader and believe in long term investing. Me and my husband both have seperate TD-Ameritrade accounts and he is very active in trading and compared to him I sit on my account and do nothing, the gains in my portfolio have always been bigger!
But that's one strategy, you have to find one which suits you, right now the market is expensive but there are always good companies so do your search first and then take a jump! All the best!
Jona
I agree. While there might be people who are outsmarting the market, I too believe in long term investing and a more stable level of growth with lot of patience. Even while trading via discount brokerage, one can always trade strong companies that have proved their worth and continue to maintain consistent growth.
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Dimple2001
Quote:Yep, this is further proof of passive investing vs active investing, like we were talking about in that other thread on investment returns.
Originally posted by jonav
I'm not a day trader and believe in long term investing. Me and my husband both have seperate TD-Ameritrade accounts and he is very active in trading and compared to him I sit on my account and do nothing, the gains in my portfolio have always been bigger!
Active trading often generates "churn" and the gains/losses balance out over the long run and the returns are at (or below) average.
Commissions begin to add up as well, even with discount brokerages.
Fixed income investors are even worse off because of the significant bid/ask spreads built into fixed income securities.
It's not just the retail investor - the same results are evident in the institutional world.
I have read stats that 90% of actively managed mutual funds do not beat the market consistently year after year.
Top performing mutual funds from 2 years ago are often at the bottom in subsequent years.
The ones that do appear to stay slightly ahead of the market have "survivor bias" factor working for them.
The example I used on the other thread was the TSX 60 ETF annualized return over a 10+ years period is 7.26%.
And this includes two periods of severe recession (2000 - 2002 and the current 2008 onwards), includes the Nortel bust, includes 2 wars and all sorts of political, economic fluctuations.
It is hard to achieve that kind of return over a 10 year period with such minimal cost (0.15%) and almost zero investment of time.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
I agree with Jonav. Long term investing in companies which are sound,
and have solid and marketable products/services will reap good profits.
Obviously, you have to do your due diligence before investing. Study the company..its financial's, the prodcts or services it offers.
I use TD Waterhouse for trading. I am in the red right now, but I am very +ve that over the next 2-3 years, i will b in green and big time green.
On the trading note, do any people on this forum, actively trade biotech stocks.
I would like to get in touch with them.
Biotech stocks, specially, if a new product is in the making, tends to reap and give amazing returns, specially if you enter at the early stage of product development. if the product gets approved, then its like raining money..
BUT..BUT.. u need to know how good that product is.
Would like to know your views.
Amit. Shah
FInancial Advisor
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Amit Shah
Financial Advisor
Cell : 647-296-2609
Hi,
RBC Direct Investing has practise accounts. Play the stock market with monopoly money and practise ur strategies with stocks and options.
U need an account with them or an account with RBC for activating this. No additional fees for the practise accounts.
Check the fees for maintaining the account and trading with DI though.
If u only have an account with RBC, quotes will not be realtime.
cheers..
Location: Western Hemisphere
Posted on: 22-12-09 14:46:02
Quote:
Originally posted by JRF
How about the information availability in the Questrade ? any other brokerage account has more detailed information that could be used as a standby but use the discount brokerage for actual trading?
JRF...
I stumbled across this - http://www.superstockpicker.com/
I just registered with them for free today out of curiousity, so I do not know exactly what it all entails as for as info goes, but....
1. It seems to involve information on buy/sell on highly volatile stocks.
2. You could choose a model portfolio they have and follow the buy/sell, almost, on a daily basis (buy/sell alerts sent daily to your email).
3. Promising returns appear to be only if you would follow their buy/sell instructions.
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Dimple2001
Thanks D.
Looks attractive. I will check this out.
Quote:
Originally posted by dimple2001
Quote:
Originally posted by JRF
How about the information availability in the Questrade ? any other brokerage account has more detailed information that could be used as a standby but use the discount brokerage for actual trading?
JRF...
I stumbled across this - http://www.superstockpicker.com/
I just registered with them for free today out of curiousity, so I do not know exactly what it all entails as for as info goes, but....
1. It seems to involve information on buy/sell on highly volatile stocks.
2. You could choose a model portfolio they have and follow the buy/sell, almost, on a daily basis (buy/sell alerts sent daily to your email).
3. Promising returns appear to be only if you would follow their buy/sell instructions.
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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
