Thread: NEW buyer
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Old 09-18-08, 02:10 AM
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Airelon Airelon is offline
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Join Date: Jul 2007
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Best thing you can do right now? Is wait.

Heck, I've been investing and trading for 12 years. But right now? I'm just waiting. There's an old saying in the market:

"Don't try to catch a falling knife"

In other words, when the market is falling? Don't try to just 'buy' and predict the bottom. Wait for the bottom to become evident.

The best thing you can do as we wait for a bottom to develop in the market? Use that time to educate yourself as to how the market works. What's the difference between investing, and trading? What's a P/E ratio? Why is it important? What's the risk? How can you share in a companies profits?

And always feel free to ask any question here. Plenty of folks that are willing to help out.
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