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Posted June 03, 2009 (02:35PM)
Mentor Wanted:
So I'll kick this off with my own request.
I am looking for someone who can help me understand "when" and "why" to get out of a position. I've only been trading since last October (everything was on sale!). Now, I'm used to 100% - 3000% profits, but this is clearly not sustainable. When is enough, enough?
Also, I'm looking for someone to help me understand the fundamentals better. This doesn't have to be a direct explanation; a book referral would do nicely. I just finished the Neatest Little Guide to Stock Market Investing, which was a bit antiquated (the 2010 Edition will resolve this I'm told) but extremely helpful as a primer to understanding fundamentals and give a broad overview of the market.
I'm not adverse to risk; I need rapid growth to help increase my "seed" investment. I was able to convert $300 into $5k, but would like that to grow to $10k before I start siphoning off profits to go into longer term investments. I expect to lose, but when I win, I win big and it more than covers my losses.
I’m in my mid 40’s and the notion of “saving” has only recently come into my thinking. I am able to only inject about $500 every three months to my portfolio.
I am a bull; I look for value and shorter term investments (6 mo. or less) to grow my seed investment. Then I’m thinking of using a tool such as MVV to leverage the market for longer term gains. Part of my problem is that I don’t fully understand what I just said.
I thoroughly enjoy doing research and don’t mind “self-study” but I need someone I can turn to when I don’t understand something. My current understanding is as much a drawback as it is a help. I know just enough to be dangerous. And, to be honest, I also need someone to cheer me on and someone I can share my success stories with. On the other hand, I need someone to keep me grounded. But to re-iterate, I am a bull. I really appreciate Jim Cramer’s attitude, but I’m not sold on his opinions or his investments (that’s probably why he’s a billionaire and I’m a thousandaire).
I’m sure I’m missing other important things but this is probably a good starting place. If you have years of experience with hundreds or thousands of trades under your belt, a good understanding of both fundamentals & technicals, and could explain to me why one report based on fundamentals (through TK) would state “sell” and Zacks would report an “extreme buy” please connect w/me.
(oh, sometimes I’m long winded too).
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