Comments on: 5 Smart Tips For Trading Part-Time

By: nm

nm — Mon, 07 Jan 2008 16:12:22 +0000

I would also check what others are thinking. http://www.socialpicks.com , http://caps.fool.com communities and http://www.gstock.com stock alerts supercomputer. These tools help me figure out if the stock pick I got is fresh.

By: Invest with Dax

Invest with Dax — Fri, 16 Nov 2007 01:21:48 +0000

Great tips, especially regarding stops

By: Jorge

Jorge — Wed, 07 Nov 2007 19:17:08 +0000

I like Cramer’s method. Take your short list of stocks you want and own. Rank them from 1 to 4 with 1 being a strong buy and 4 being a stock you’ll give up fighting for. It works on days like today I think.

By: Aaron

Aaron — Wed, 07 Nov 2007 02:55:08 +0000

I think the watchlist is absolutely essential to any investor. The idea that one could just keep track of hundreds of stocks is ludicruous, a watchlist like you said of maybe a dozen stocks is extremely helpful.

By: Paul Singh

Paul Singh — Wed, 07 Nov 2007 02:34:37 +0000

Thanks Leon. Great suggestions for future posts.

By: Paul Singh

Paul Singh — Wed, 07 Nov 2007 02:32:56 +0000

This year, most winning trades have been between 4 and 10 percent, while most losses have been under 4 percent. Trades have been posted online.

By: Paul Singh

Paul Singh — Wed, 07 Nov 2007 02:28:34 +0000

I generally use at least a 2:1 ratio, though I sometimes will go 1:1 if it is a setup that has a high probability of success.

By: Jorge

Jorge — Wed, 07 Nov 2007 01:35:21 +0000

I would think the stops and profit taking would be reflective of the risk of the part time trader. I normally let my options run about +/- 50% before taking a profit or loss. Going from 25 to 30 in his example is a 20% equity gain which isn’t too shabby even by hedge fund standards I think.