~~The Investing Cheat Sheet~~ I created an Inve
Post# of 1584
I created an Investing Cheat Sheet of some of my tricks in finding good stocks, important websites to know, and my thoughts on what to do and not do when investing. It has taken me YEARS to figure all of this stuff out. For new investors, this information just may put you years ahead of other new investors who have to spend years figuring this out on their own.
Not investment advice
OTC Markets - Know this site like the back of your hand:
https://www.otcmarkets.com/home
https://www.otcmarkets.com/learn/intro
Use this to narrow your search for a stock:
https://www.otcmarkets.com/research/stock-screener
Stockcharts.com Scanner - Use this to narrow your search for a stock:
http://stockcharts.com/def/servlet/SC.scan
Charting sites:
stockcharts.com
http://stockcharts.com/
tradingview.com
https://www.tradingview.com/
Not investment advice
LEARN TO INVEST!- investopedia.com
http://www.investopedia.com/university/
Hundreds of tutorials, info, data, learning tools here.
SEC.gov site to find official info on your stock:
https://www.sec.gov/edgar/searchedgar/companysearch.html
Introduction to Candlesticks:
http://stockcharts.com/school/doku.php?id=cha...ndlesticks
Learn the 13.5 and 48 EMA lines:
(You can input these in stockcharts.com)
http://etfhq.com/blog/2013/01/15/golden-cross...-the-best/
https://investorshangout.com/post/view?id=4315906
Not investment advice
On http://stockcharts.com/, once you input your stock, uncheck the Log Scale box AND CLICK UPDATE.
Example: http://stockcharts.com/h-sc/ui?s=AAPL&p=D...2527037302
You want to uncheck this because its shows a more accurate chart (especially for new investors)
Read here:
https://stockcharts.com/articles/mailbag/2014...chart.html
When you invest, do NOT go 'long'. Do not 'fall in love' with your stock. it does NOT work well in the OTC. Feel free to have one or two long positions, but invest, make a profit, and SELL.
Read my post here on buying, selling, reinvesting, repeat:
https://investorshangout.com/post/view?id=4647880
The market is NOT YOUR FRIEND. Do NOT think that just because you are 'you', that you have some special connection with the market and that the market will be 'kind to you'. 90%+ of new investors NEVER make a profit.
Investing with Confidence Joey68 style:
https://investorshangout.com/post/view?id=4551957
Different charts to know:
https://investorshangout.com/post/view?id=4463032
Not investment advice
Charts do NOT decide price. Price decides the chart. Charts are meant to help solidify our belief in an investment so that when the price declines, we dont make stupid decisions by selling based on emotion.
Two methods I created which give you a better chance at making profit:
Investing using the 'Rule of Numbers' method:
https://investorshangout.com/post/view?id=4077000
'Unknown Main Investment' method
http://investorshangout.com/post/view?id=4295303
There is a VERY HIGH degree of RISK involved in trading and INVESTING. Only invest what you can afford to lose.
There is a VERY HIGH degree of RISK involved in trading and INVESTING. Only invest what you can afford to lose.
!!!!
This is probably the most important sentence you will EVER read and it just may save you from losing all of your money:
Quote:
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
Start small! Don't invest in a $5 per share stock if its your first investment ever.
Do not fall for the 'These are gift prices! Buy more!', which you read all the time in these boards. Averaging down has its place, but the majority of investors here own millions of worthless shares and buy more on dips because they think that by owning 'more', their shares have a better chance of 'winning'.
NOT TRUE!
Stock strength is made by AVERAGING UP! Its shows the stock has interest behind it. But only average up when there is reason to.
Heres an old post of mine from 2016:
https://investorshangout.com/post/view?id=4080258
Not investment advice
Again, why is it the majority of people in these boards never make huge profits, yet own millions of shares? Its because buying more of something does NOT make it worth more.
I know this is a very difficult concept to understand and took me years to break out of the mindset of, "Price is going down! Gotta buy more!"
KNOW WHEN TO SELL! Seeing you only invest what you can afford to lose, you are not worried about selling at a loss if necessary, correct? I am a firm believer in the notion that the majority of investors do not sell when the price plummets because they invested more than they can afford to lose.
This is why we constantly read posts such as, "It'll go back up soon!" and "I can't sell, im in too deep".
I never understood the reasoning behind owning $100,000 paper profits, not selling, and watching the price fall, only to have to 'hope for it to go back up'. Save yourself a headache - Stop being greedy. Take the profits.
Of course, I know why many do not sell. They're stuck with that hounding, greedy voice taunting them, "Do NOT sell! This may go higher!!" Have fun listening to that voice and watching 100 grand disappear.
Do not try to make $1 million off of one stock. Scroll back up and read the part that said, "Invest, sell, reinvest, sell, repeat".
None of this is investment advice. Feel free to ignore and disagree with some or all of this. Does not matter to me. This is what works for me. Find your own route.
Not investment advice.
http://investorshangout.com/Joeys-Investment-Board-91611/
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
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Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.