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Qihoo 360 Technology Co. Ltd. Message Board

  • mistersavvy mistersavvy Jul 2, 2014 10:37 AM Flag

    QIHU should be owned in all formats

    I well understand the desire to trade stocks. The excitement... the thrill of victory or defeat.... the challenge. The problem is trading is a zero sum game and you will eventually end up busted. Even if you get on a streak that lasts for 12 months the odds are the next 12 will cost you your gains. The best of both worlds.

    You need to have a holding account and a play account. The funds in your play account should be no more than 10% of your holding account. A rule also needs to be put in place. If you lose your "play money" you can't replenish until your holding account is up 20% beyond where it is the final day you lose the last dime in your pay account. This 20% helps account for taxes you will have to pay on your gains in your holding account. Once your holding account is up another 20% you can pull the 10% out and start over.

    If you have the proper holding account this 20% should not be a difficult thing to attain every 6 months.

    This method keeps you trading and yet making money.

    Another thing you could do with this method to challenge yourself. If your play account ever gets up to 30% of the value of your holding account. Take 20% and move it to your hold adding to all positions. Start over with your 10% and see if you do the same or better.

    This method keeps you doing what you love without the risk of family and friends and net worth.

    Be smart.

    Savvy

 
QIHU
90.0823-1.0677(-1.17%)12:19 PMEDT

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