What Is Blue Chips Stocks?

Sense of guessing when trading stocks?

• I was wondering if anyone else felt like they were just guessing when trading stocks. I recently started paper-trading to see how well I would do, and I've done everything from penny stocks to blue chips. I made a 37% gain in a week on penny stocks, and gains nearly 5% on other various stocks. All the losses I've had were also fairly minor, and I had predicted the majority with "good" reasons. However, I still feel like I'm guessing, and I'm pretty much horrified of starting to truly trade stocks. Even though My points are fairly valid that certain stocks would go up. I was wondering if any traders out there had this feeling and how they ignore it?

• Answer:

  I can only guess that you've never heard of the line; "Penny Stocks.... many are easy to buy and very hard to sell". In short paper trading means nothing (especially with penny stocks). Paper trading does not exist in the real world.... if there's no one willing to buy at the price you're looking for... you can't sell it in the real world..... but you can in paper trading. I ignore "guessing" by having a strategy that over long periods of time works. I can duplicate my wins. You can't. It doesn't hurt that since the end of December we've had one of the best times ever to be trading the market. Many stocks have gained 15%-30% in these few months.... some even more. Tuesday was the first major down day in three months..... that's extremely rare. You have two choices; Use real money now and take a major gamble. or Read some books & start to learn trading. Swing Trading (which is what you're doing) takes 3-5 years to learn. 90+% of those that try fail in a matter of months. Those that do well.... most of them spent unbelievable amounts of time learning this skill.