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Message: <blockquote data-quote="FAST6191" data-source="post: 9138809" data-attributes="member: 32303">I follow the markets but don't invest. Would sooner buy tools that can be directly used to earn me something. Could probably get more doing stocks, or at least have that passive income stream, but eh.Don't fall for the lies. Certainly you can lose your shirt if you take your eye off the ball, and there are a few tricks you can do to help with taxes (creating virtual losses to make your net profits appear low but your actual profits be high) but anybody that works in stocks will tell you most of them are clueless and only care about the next quarter or maybe end of year returns and might not know anything about the industry in general (instead they will look at ratings, stock sales volumes, sales trends, broadly whether any news is positive or negative and the like)."Buy low, sell high" is the general order of the day or maybe consider short selling if you think something is about to drop. Try to have a selection of things in unrelated industries so one tanking does not drop your entire portfolio.Indeed if you know something or can see beyond that you can do well -- you probably follow games so if Rockstar only released a mediocre game this quarter and did not make money and people sold it low but you know the next GTA is 6 months away you can buy it when it is low (it is not like they are going to go bust too soon) and then when GTA drops you can then either sell when it goes high or wait for the dividend if there is one (some companies will give a share of profits every year to their stock holders).If a game leaks ahead of street date and early reviews from that are that it is awful you might then consider shorting the stock. Here you effectively say in 5 days or whatever I will give you ? shares of this company if you pay me now, 5 days (or however long) goes by and you then have to deliver, however as the game has presumably been released and has tanked then the stock will be lower than predicted (if a game company only makes money when games release and it is not selling...)You also want to keep an eye on whether something is over valued or under valued. Sticking with games then when pokemon go dropped and got massive Nintendo saw a massive spike in price, at least until people realised it was not Nintendo getting all the money from it.Learn to keep your emotions out of it and learn that it is about money and not necessarily the quality of the product.</blockquote>

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