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Old 02-02-08, 10:08 AM
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Airelon Airelon is offline
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Join Date: Jul 2007
Posts: 484
No stupid questions mate. Fred answered that one well enough.

We seem to be starting a bear market (Meaning prices can fall as much as 30% or more over the course of a year) for the last month or so, so this makes finding good stocks to buy extremely difficult.

I'd personally use this time to educate yourself as to

1) The difference between investing and trading (401k is an investment. Day traders and Swing traders are just that - traders)
2) Money Management principles and Strategies
3) How the markets work
4) Strategies for entering the market
5) Other related material - as long as it's not hyped with huge houses, fast cars and big breasted women (there are a lot of scammers and crooks in this business)

There are a lot of wonderful educational sites out there. Investopedia. StockTradingToGo. There are a lot of people here on this forum that have wonderful insight, and give extremely intelligent comments and the reasons for their thoughts. I run my own education for a type of investor and trader. InformedTrades has a lot of good stuff.

Just be careful. When you see what is called "the hype" pop-up? It's time to be careful. A lot of people around this industry will want to sell you some magical system that's supposed to make it all easy and wonderful and give you the life you've always wanted. The worst of those scammers are easy to pick out. The most adept of them are very, very good at what they do. As a matter of fact, DoublingStocks was just discovered to be a scam through and through, but they fooled Google themselves.

There is a lot of free information out there from many sources. I'd personally take this time to educate yourself on what I listed, #'s 1-3. Too many people jump straight to #4 - and end up losing money.
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