Should I sell all my stock and count my losses?

Good point Professor Frink.

Virtually no-one had 2 pennies to rub together in 1932 let alone scour the market for bargains. So you are right, to invest a large deal of money into the stockmarket at that time would have been unlikely. It would be better to buy a loaf of bread to feed your family.


Yes companies still did pay dividends in 1931. There are some companies that have paid dividends consistently every year from 1890 to 2006.

that's good for you investin types to know(about the dividends). I gotta make one final point- anyone that has the testicular fortitude to hold a company during a move like the dow made in 1929-32 deserves to make a fortune in the long run. Judging by the way some people seem to be behaving(panic anyone?) at the moment it would take a very strong individual to hold through that.
It's also good to see you backing up the talk by buying some rio this arvo. Hope it goes well for you . Just for fun here's the dow during that period-

Is that the Dow, or the Mexican high diving cliff of death?

and goooOOOO RIO!!


$100 by this time next year!

FRYZIE how`s things after today, isnt it fun :1zhelp:

RIO possibly forming a head & shoulders. Target downside (if completed) to around $63.

GP

BOASTING .... BUT WHATEVER, I'M STOKED


YYYYYYYYEEEEEEEEEEEEEEEEEHHHHHHHHHHHHHHAAAAAAAAAAAAAAAA!!!!!!!!!!!!!

RIDING THE BRONKO BULL DOWN!!!!!!!!........Now the bear growls loudly!!!!!

Couldn't yall see the trend........It's soooooooo obvious and has been played out sooooooooooo many times ....put one graph over the other and you all will see it, just in smaller increments!.........there will probably now be a small drop tomorrow, having passed below that psycological barrier, then a period of small gains over the next week and then another big drop, according to the mapping over I do, then more very slow gains, so yall be ready to ride a bear or a bull tomorrow, my bet is it is gonna be a bear, but I got MOSTLY out at the end of today kept 1000 shares short( as you do when you're really happy) after shorting RIO on friday at $80 with $10,000 (my Whole stake) and mostly out at $73.45 What a day I nearly dropped the ball at a $74.60 to buy back.....luck!!!

Well now that's off my chest....you should all stay the hell out till all the fuss dies down, pay off your morgages and buy tinned food for the fallout.....hehe....better still put it all on No.5 in the 6th at Randwick on saturday........ hehe lol hehe..oh boy the boubon's getting to me.

OK,OK, I know yall tell me to sod off, but ya gotta skite now and then.....You may see me at the local shouting a few beers...I'll be the one pumping myself up, lol .........But I won't be talking about the $4k I lost on bloody nuenco.

Maybe I'll buy back into NEO again...HHHHMMMMMMMM


Be cool guys and catch uyall later

PS If I wasn't on the happy juice I would never have given that advice or been so full of myself......BBBBBRRRRRRRRPPPPPPPPPPPPPPPPP!!!!!!!!!!!!!

fryzie said:

I start trading about 2 months ago with $5,000. Ive been taking recommendations on here and another site (who are supposedly trading experts). But my stocks have done nothing but go down hill and ive lost about $1,500 so far. The reason why I havnt sold them yet is because right when im thinking of selling, I see another post about 'annoucement coming could mean big bucks' (then there is no announcment), or something similar. Should i just sell everything and count my loses?
Atm ive got money in FDL, AEX and KAL

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HI Fryzie,

I am also very new to the game but have recently had some good education and frankly your post concerns me because.
1. Taking recommendations? everything i have learnt so far from successful traders is you do NOT make a trade based on recommendations. You can investigate the trade but you do nothing until it meets your own criteria.

2. On that do you have a trading plan? you have bought shares but when are you out? Whats your target profit? how much can you afford to lose? You need to get your plan together mate and take advice for what it is.

3. Some here will say good on you for getting into the market, i think you have done so prematurely, did you do any papertrading? its not going to make you a guru but it drastically improves your understanding of how and why stocks do what they do.

If i were you i would get my money out and no go back in until you understand why you are in a trade to start with or even better why you are not. Even the most well educated are still going to lose in this game, so where does that place you?

I hope i havent insulted you at all as thats by no means my intention, bottom line is get yourself educated and confident in the market before you commit you hard earned?

Regards and all the best!
Stink

stink said:

1. Taking recommendations? everything i have learnt so far from successful traders is you do NOT make a trade based on recommendations. You can investigate the trade but you do nothing until it meets your own criteria.

2. On that do you have a trading plan? you have bought shares but when are you out? Whats your target profit? how much can you afford to lose? You need to get your plan together mate and take advice for what it is.

3. Some here will say good on you for getting into the market, i think you have done so prematurely, did you do any papertrading? its not going to make you a guru but it drastically improves your understanding of how and why stocks do what they do.

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spot on stink...!!

cheers

bullmarket

RIO possibly forming a head & shoulders. Target downside (if completed) to around $63.

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I have no idea about charts. Never bother with them actually

But I do know RIO is an excellent longterm buy!

If it goes to $63 I buy more!!

It wont though!

It'll go to 100 in a year.

Realist said:

I have no idea about charts. Never bother with them actually

But I do know RIO is an excellent longterm buy!

If it goes to $63 I buy more!!

It wont though!

It'll go to 100 in a year.

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LOL here you go mate, my point exactly. Realist is probably right or he may be wrong?

You need to do your own analysis of the opportunity.

If you were driving in an unknown area at night and asked someone how to get to your destination and the response was " could be down that way or could be the other way, i dont really know" do you just flip a coin? I know i would get my map out and make my own decision. If you take one road and you drive of a cliff, who's fault is that? who will you blame?

I think if you take tips you should take your money to the track instead, you will probably do better

Another point to think about is this. Just because someone says they are the best trader, are they? how do you know? Forums are opinions mate gotta weed out the crap and find the information that is helpful and relevant to you.

Regards Stink

OK who done it !!!! WHO pushed the GREEN button today! Still making pennies from heaven. :twak:

all i know is i pused the buy button at the start (took a nice profit) and then a sell button 20min ago

Im not greedy, a couple points per day is good enough for me. I will leave the rest of the point swings for you guys!

do you trade intraday Ageo?

stink said:

do you trade intraday Ageo?

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intraday cfd's yes.