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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.


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