Need time for investing?

[lehayes]

Have you ever found yourself short on time to invest and it seems to prevent you from getting ahead in life?

I a few pointers that may help:

1. Perform your investing in the evening before you go to bed. Whether you are a short term or long term investor, you should be able to perform the task at night time before you hit the sack.
2. When performing a buy and you perform it the night before, just check at the end of the day on the next day to see if you got in.
3. After you have entered the trade, set a stop loss limit on the trade at the end of the day the trade was entered. This way, you can protect your investment. I would recommend setting it either 5% behind the last price, or just a few pennies behind the "Previous Days Close" which is actually behind the same days closing price because you are investing at night after the market closed.
4. If your stock did not hit your stop loss limit at the end of the day when you check your stocks, then just move the stop loss limit up to the new location (see #3 above to determine new location).
5. If your stock does get stopped out, then find another stock and repeat the above steps again.

Tip:
* If you are using a broker with contengent orders, you can set a contengent order to first place the buy of a stock and then set a stop loss limit below the stock at a decent distance. I recommend at lest 5% or more. This will help guard against getting stopped out early.
* If you are going to be gone for a few days and not have access to the internet AND you have a broker that allows for trailing stop losses, you might consider setting one of these so that as your stock value goes up, so does the trailing stop loss limit. Keep in mind, that you will not be earning gains after you have been stopped out, but it would help to protect you in the event you had to be away for some considerable time.

[gijoe9]

Originally Posted by lehayes

1. Perform your investing in the evening before you go to bed. Whether you are a short term or long term investor, you should be able to perform the task at night time before you hit the sack.

I remember when I was in the army and we were on excersize for about 4 days and nights. We got back to base at 3 am and were told that wake up was 6:30 am breakfast at 7 am and inspection would be at 8 am. The warrant officer sees this guy with boots not polished and dirty he asked the young fellow why he did not have his boots polished to which the young fellow says " I did not have time" The WO says to the young fellow "did you sleep?" "yes" The you had time
This is good advice Larry thanks Keep up the good work.
Joe