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Alright.. That was a long absence. The whole last week I dint blog. I dint go away. I was "occupied". I was learning stock trading. Its very fascinating. I have a good weeeked blog for you all. Here is my experience.
I can literally hyper-link every word from the following paragraphs, but I am writing it as simple as I can so you can look up the italicised words in wikipedia.
I got a paper trading account from a brokerage firm. You need one brokerage account first. Then it can be an Equity account where all your money is yours or a Margin account, where some of the money is lent by the brokerage firm. Then I get Buying power, which is the dollor value of how much stocks you can buy.

I can make profit by simple rules. Buy when Price is low. Sell when price is high. There is another more intersting way of earning money. Selling short. Thats when price is not high, per say, but when are confident that the price WILL go down. then buy back when its lowest. This is what you can bank on when the market is Bear:)

There are some other rules that are not rules as such, but are simple axioms that will save you from losses because of your zelous anxiety. Especially in intra-day trading. Like dont sell when you have lost a lot and the price is falling further down.. cool it off. judge the good price, wait for a day, place a limit order over night. Reverse logic applies to buying (and buying to fill a short sell).

Then there are profit maximisers.. Especially when you are actively looking at streaming quotes.. Like.. Dont BUY when you THINK it is the lowest price. its okay to wait for a couple more pips to see if it lowers further. if it gains a little, its fine. and the same reverse applies to SELL.

This aint a crash course on stock trading and I disclaim [:)] this to be taken as a serious advice for it. But if you are interested in trading stocks with this.. AND make some money. I am glad :)
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