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Showing posts from March, 2005

time

no time to read, or to trade. market is going down, more and more minus.

some thoughts

trading stocks is a good thing. you may earn a lot, but as i noticed, you may also earn only a few litas (or any other currency;)). and, you may lose... was watching the last month - almost did not earn anything, although looking at the stocks statistics and trade volume with prices moving up and down, on the most optimistical view - i could have done 10-20-30 percent. it takes time to analyse the situation, to read news, to dig into fundamental data and technical analysis with graphs, to consult clever people. have read in one book, that investor should do his homework in order to succeed. the author was right. without homework your luck will be accidental and depends on the situation in the market and main trends. when all shares go to the top, you will earn. in other case - many books are published with the title "how to earn in bear market"....... have not read. so, feeling dissapointed today when looking at the numbers. have so litle time to sit and read or analyse. and,
some thoughts. trading stocks is a good thing. you may earn a lot, but as i noticed, you may also earn only a few litas (or any other currency;)). and, you may lose... was watching the last month - almost did not earn anything, although looking at the stocks statistics and trade volume with prices moving up and down, on the most optimistical view - i could have done 10-20-30 percent. it takes time to analyse the situation, to read news, to dig into fundamental data and technical analysis with graphs, to consult clever people. have read in one book, that investor should do his homework in order to succeed. the author was right. without homework your luck will be accidental and depends on the situation in the market and main trends. when all shares go to the top, so, you will earn. many books are published with the title "how to earn in bear market". so, feeling dissapointed today when looking at the numbers. have so litle time to sit and read or analyse. and, according to the

back to trading

so, welcome back. there were many talks and thoughts, so, thinking not to stop with short trades. on the whole, seems, all the income in lithuania has 33percent taxes (not sure about terms in english, will have to look up). coming back with some rules. family says not to sell with loss. thinking about recent examples, when the stock prices felt almost 50percent. moreover, now, when everyone talks about flat time coming to the market hope that rule will help. at the moment, protfolio has minus two percent. bad time but not sad. talked with one friend today - hear more and more people thinking about stock trading and investing in stocks. seems more money come to stock exchange.

from short to long trading

have not written for a while. we have been thinking about going to long term investing and bying with a purpose to keep the shares more than 366 days - that means we will not have to pay the taxes. in other case - the taxes authorities still discusses the possibility to ask 33percent from the profit. that is a lot to compare that now they take 15 percent. so, tried to organise my portfolio for a long. it consisted of 9 shares. and they ALL have been going down (except oil) for a few weeks... bummer. see, after trading for some time with short positions, it is so difficult to think in long terms and decide on certain stocks and their position in a year or a few months. especially when i am afraid of the coming big down after dividends... moreover, we are thinking about bying some land and taking all the money from the stocks. then it will be difficult to update this site. what is good, that you may start with stocks having very litle money. just buy for extra hundred litas and keep;)

taxes

the news are not good for lithuanian traders. especially short term traders - the taxes authority discussed the idea to put 33percent tax from the profit in stock trading. upps. the good thong is if you hold the shares longer than one year - you do not pay the taxes. so, decided to may a vacation from trading, have rest and watch what will happen. besides, bought all the stocks ignoring technical analysis and charts, so have only loss for now. time to wait.