Anyone Here Do Any Stock Market Investing?

by BlackPearl 23 Replies latest jw friends

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  morty

  Well, I know nothing about nothing with the stock exchange...I did however buy stocks to something about 5 years ago and yet have been able to see a penny from it...

  I trusted a good friend and they reassured me this would be a good thing and I could retire one day or send my children to college with the return on it...It totally seemed legit to me right down to a web site about it and still to this day there is still incoming mail about "how" my stocks are doing but, I have not seen any return on it and don’t understand the "mumbo jumbo"stock- talk of what they are trying to tell me..Apparently, we waiting for it to become "public" before we can sell any of our stock yet...

  It is a shame now cause I have lost a good friend over this situation. I have also lost $6000.00 thousand dollars ( in my eyes) and I still kick myself for the bad choice I made... additionally I have to live with the guilt of talking my in-laws into buying the same stock ( they spent way more then us) and they are waiting as well with no explanation.

  I think I have been screwed over and I am totally confused about the whole thing...............

  Morty

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  Black Pearl, are you very knowledgeable about the stock market? If I pmed you some information on my stock I invested into, do you think you could tell me if I have been screwed over or if this is legit and I have to wait till it goes public???
• 

  BlackPearl

  Morty,

  Could you give me some info on this company? A website would be good if possible. I'll do some research on it and let you know. You can PM the info if you like.
• 

  barry

  Ive just done some paper trading over the last 5 weeks. 22 stocks were chosen useing technical analysis, position size was varied smaller size for speculative stocks. $34756 was invested, losing trades were stopped and a loss taken during that time. Winning trades were let run to give a maximum return and are more profitable even after the trial period. The total value of the shares after the 5 weeks is $42309 giveing a raw profit of $7553 or 21.7% over 5 weeks. The trades were managed by trend line multiple moveing averages and a countback line to stop out loseing trades and also as a stop loss to protect profit gains on winning trades.

  22 stocks were chosen from the Australian stock exchange in the resources sector. The resources are hot at the moment with the indexes out performing all other sectors. BHP is the worlds biggest miner and is an Australian company.

  I only put in 11 thousand of real money but will be investng more next time now I know what I can do. Barry
• 

  zeroday

  I think I have been screwed over and I am totally confused about the whole thing...............

  One Word, "S&P 500 stock mutual funds". Ok maybe more than one word. I dollar cost average into my S&P mutual fund every month. It out performs 75% of stock mutual funds on the US stock market.