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The Water Cooler
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Investing some "fun money"
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<blockquote data-quote="Shadowrider" data-source="post: 4233765" data-attributes="member: 3099"><p>Don't get emotionally attached to a stock. Be ready to dump it. If it grows to a reasonable amount, set a trailing stop sell order on it and let it ride until it trips and sells. Then go find something else and do it again. ETFs are a lot more stable but don't grow fast like individual stocks will. I'd use at least a 10-15% stop value AFTER it's grown that much at least, that way you will not lose anything.</p><p></p><p>Pick "trendy stuff" like green energy for one instance, or whatever is "hot" at the moment and appears it will stay that way for a year or two. Don't let politics or emotion come into play, it's about growing your account.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 4233765, member: 3099"] Don't get emotionally attached to a stock. Be ready to dump it. If it grows to a reasonable amount, set a trailing stop sell order on it and let it ride until it trips and sells. Then go find something else and do it again. ETFs are a lot more stable but don't grow fast like individual stocks will. I'd use at least a 10-15% stop value AFTER it's grown that much at least, that way you will not lose anything. Pick "trendy stuff" like green energy for one instance, or whatever is "hot" at the moment and appears it will stay that way for a year or two. Don't let politics or emotion come into play, it's about growing your account. [/QUOTE]
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