Interesting. I'm not really familiar with technical analysis beyond the very basics and have always been skeptical that retail investors could achieve sustainable success with it in a world of automated HFT.
Add me on MSN and we can talk things over sometime if you'd like.
In the United States, it depends on your income and how long you hold the investment for. Investments held for a least a year are considered long-term, and taxed lower than short-term investments.
Here's more information on capital gains tax around the world:
http://en.wikipedia.org/wiki/Capital_gains_tax
Sure, if you have skype it would be a nicer communication tool to have actually (Send me a message on sythe). I haven't gotten to update this thread but i'll update it today.
During the Christmas break I decided that I would ride RIMM up from the fall (due to service revenue, search it up if you wanna read more). As I got in at 11.00 the stock became to fall to 10.70 at this point I had 1000 shares. I went to work and found out I was booked for the whole week.. so the next morning I sold my shares for a lost of .20 (10.80 from 11).. the next day the stock rode up 13%+ to 11.90-12. I was quite pissed as I was at work and that would of been an easy 1,000 dollars. I saw more upside of this stock and decided to take a risk for a 3 month ride.
January 30th (Phone reveiled)
Release date: Current unknown ??
March 28: Revenue day.
As I researched it more, a total of 2 days of research.. i decided i'd give it another shot as it decided to run sideways for the following couple of days.
(The company quarter report, phone look-out, videos, etc)
I bought this stock at 11.90.. for 2 weeks it decided to run sideways (-500$ to neutral..repetitively) and finally on Friday BOOM!
http://i.imgur.com/VegVb.png
Picture describes everything.. it is actually at 14.90 (not 13.95.. Questrade tends to do that when market closes)
I may be selling my shares tomorrow depending on the day or may keep it until March as I am quite confident that this stock will reach $20 by at-least March.
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@Seanboy Investopedia is an amazing website to get started on those kind of things. I started out using this 2 years ago to practice and accumulate profit.. let me tell you.. it is hell lot of difference when you go in with real cash. I was up 30% in just a year of trading.. down 10% in a month (3 month in a row.. total was like -31%) from the real thing.. i started to collect more confident and not being as greedy.
What went wrong
1) Broke my rules on trading
2) Got extremely greedy
3) Started to listen to others and not my own personal opinion and the way I viewed the chart and news
4) Bought stocks that weren't in high in volume
After the 4th month I had recovered everything and way over positive now.
Tips on starter using simulators:
Invest in something you actually have / can afford .. not $100,000 not realistic
Start to invest using graphs / technical analysis
Treat it like real money..
Invite a view friends to invest.. have a monthly prize of $100+ for highest gains (worked like a charm.. in treating it like real cash)
2 friends = 50/50
4 friends = 25/25/25/25 each participants so on
Make commission $9.99 per trade (this really eats your cash in real stock market trading)
Let me know if you guys are interested with me keeping up with this thread.. I am planning to make a blog in the summer about investing to help people start and describe what I went through as a trader.
p.s my english is not the best!
