Trading For a Living
Do you want to become a better investor and earn more money in the stock-market?
I like following the stockmartket and economic news. The current credit crisis causes a lot of nervousness in the markets. Many people lost money in this crisis. Before the start of this crisis, I had some money invested in the Chinese stock-market and made some profit from it. Fortunately, before the crisis started, I sold all of my stocks. As of april 2008 many stocks have become a lot cheaper and actually undervalued. Currently I'm focusing on particular stocks: Netgear, Immersion, Cree, Lighting Science Group and Suntech Power.
I noticed that Netgear and Immersion are very cheap (from a historic perspective). Netgear makes wireless networking equipment especially for home users and small companies. Immersion makes equipment for haptonomics. Their technology is used by mobile phone manufacturers like Nokia, LG and Samsung. This enables them to let you feel buttons on the touchscreen of their phones. They won a lawsuit against Sony and are holding more than 600 patents. There's a lot of potential for Immersion, but there are also some risks involved. The company is healthy, however their earnings are currently low and it's uncertain if their technology will become succesful. I also noticed that the CEO of Immersion sold quite some stocks a few months ago at a higher price than the current stockprice.
Cree and Lighting Science Group make LED lighting equipment. Very interesting because of the environmental issues these days and their businesses offer a huge potential. Suntech Power makes solar panels, also an important technology for the future.
Because of the current stockprice of Netgear and the health of the company (I read they do not have a lot of debt, and they make good profits every year), April 10, 2008 I bought 78 Netgear stocks at a price of $19.88. Also I like their wireless media streaming products.
Dr. Alexander Elder
When you want to learn more about investing in the stock-market, then read the following book, called 'Trading for a Living', written by Dr. Alexander Elder.
It covers much of the basics of investing in the stockmarket. The author writes about the psychology of trading and covers technical analysis. He writes about money management, support and resistance, trends and trading ranges, trendlines, gaps, price trends and indicators like moving averages, RSI, slow and fast stochastic, MACD, Williams %R, Elder Ray and so on.
It's an elementary book, but is very clear in explaining how the markets move and help identifying major price trends or price turning points. In case you're already investing in the stock-market or want to begin, I recommend reading this book.
I enjoyed reading it and heard from many other people they also liked it.
Adam Khoo
Some time ago I got to know a guy called Adam Khoo. He is from Singapore. He made his first million at age 26 only. I'm subscribed on his newsletter and he writes interesting, entertaining stories.
Together with Conrad Alvin Lim, he wrote a book called Secrets of Millionaire Investors. In this book they explain how you can build a million dollar net worth by investing in the stockmarkets. Conrad Alvin Lim is a succesful options trader. He is making at least $7,500.00 per month by trading on his PC.
Click here to download a free bonus chapter from this book, or order the complete book from their website for a very affordable price of only $19.95.
Adam Khoo also offers a great program called Secrets Of Self-Made Millionaires. On his site you can also download a free report valued at $47.00 titled: "Get Out Of The Rat Race Now!".