Buying shares?

[sweep_shot]

Millionaires company soon bro.

In sha Allah.

Let's see.

I wish I started in my 20's. Anyway, better late than never I guess.

 

[aboveandbeyond]

In sha Allah.

Let's see.

I wish I started in my 20's. Anyway, better late than never I guess.

Absolutely. Never to late to invest.

 

[Technics 1210]

Absolutely. Never to late to invest.

That depends.

Early years sure, laters year in 50s or 60s, and the hope is not to hit a cyclic crash/downturn.

Pensions wise, the longer you leave it, the larger the monthly contribution will be required to meet your average lifestyle - the time delta can destroy pension pots.

This is why it is always wise to have short positions which profit in a market crash/downturn.

 

[sweep_shot]

That depends.

Early years sure, laters year in 50s or 60s, and the hope is not to hit a cyclic crash/downturn.

Pensions wise, the longer you leave it, the larger the monthly contribution will be required to meet your average lifestyle - the time delta can destroy pension pots.

This is why it is always wise to have short positions which profit in a market crash/downturn.

I am in my 30's. I hope I am not late.

Anyway, I am enjoying it. Learning a lot.

 

[Technics 1210]

I am in my 30's. I hope I am not late.

Anyway, I am enjoying it. Learning a lot.

At 30 you’re still wet behind the ears!

 

[sweep_shot]

At 30 you’re still wet behind the ears!

LOL.

Let's see how it goes for me.

I have some experience with cryptos as I follow cryptos for almost a decade. I know how these work. I know which cryptos to choose, which are likely to remain stable etc.

But, I am a novice when it comes to stocks and other investments. Still learning these things.

 

[Technics 1210]

LOL.

Let's see how it goes for me.

I have some experience with cryptos as I follow cryptos for almost a decade. I know how these work. I know which cryptos to choose, which are likely to remain stable etc.

But, I am a novice when it comes to stocks and other investments. Still learning these things.

My advise, stick to one sector/vertical, if it is crypto, then stick with what you know.

I’ve been trading on precious metals for over 2 decades. Some times I trade individual stocks, but 99.99% of trades are in precious metals.

You need to read up on shorting. Believe me, it’s a religious experience and the best insurance policy when the markets crash/decline - otherwise if there is a crash, and you have no short positions, you will be wiped out.

 

[sweep_shot]

My advise, stick to one sector/vertical, if it is crypto, then stick with what you know.

I’ve been trading on precious metals for over 2 decades. Some times I trade individual stocks, but 99.99% of trades are in precious metals.

You need to read up on shorting. Believe me, it’s a religious experience and the best insurance policy when the markets crash/decline - otherwise if there is a crash, and you have no short positions, you will be wiped out.

Thanks.

My current portfolios --> 71% in cryptos, 11% in gold/silver, 18% in ETFs.

BTW, I saw preachers declaring short selling haram. See below:

I am a day trader of stocks. Is it permissible to short sell in Islam.? -

I am a day trader of stocks. Is it permissible to short sell in Islam. Short selling is the selling of a stock that the seller doesn't own at the time of selling them. He sells them in the hope

islamqa.org

 

[sweep_shot]

I think cryptos may have a small crash now (there are signs) but it should go up again. No need to panic.

Rise. Fall. Rise. Rise. Fall. Rise. Rise. ---> this has been the pattern for cryptos throughout the years.

 

[aboveandbeyond]

I think cryptos may have a small crash now (there are signs) but it should go up again. No need to panic.

Rise. Fall. Rise. Rise. Fall. Rise. Rise. ---> this has been the pattern for cryptos throughout the years.

Bingo. Sell/ buy again. (if profited) otherwise hold for long term.

 

[aboveandbeyond]

I think cryptos may have a small crash now (there are signs) but it should go up again. No need to panic.

Rise. Fall. Rise. Rise. Fall. Rise. Rise. ---> this has been the pattern for cryptos throughout the years.

When is this mini crash expected?

 

[sweep_shot]

When is this mini crash expected?

I think it has already started. LOL.

Bingo. Sell/ buy again. (if profited) otherwise hold for long term.

Yes. I think there are 2 ways to handle this:

1) Sell right now and buy back when price drops.
2) Don't sell and wait for it to rise again. In other words, weather the storm.

 

[Technics 1210]

Bingo. Sell/ buy again. (if profited) otherwise hold for long term.

That's called averaging down, this method works for long term investments like ISA and Pensions, where you buy every month.

 

[Technics 1210]

Thanks.

My current portfolios --> 71% in cryptos, 11% in gold/silver, 18% in ETFs.

BTW, I saw preachers declaring short selling haram. See below:

I am a day trader of stocks. Is it permissible to short sell in Islam.? -

I am a day trader of stocks. Is it permissible to short sell in Islam. Short selling is the selling of a stock that the seller doesn't own at the time of selling them. He sells them in the hope

islamqa.org

Errrr this is BS.

So when shares move up it is halal, when shares move down it is haram? What kind of logic is this?

Look, have you ever been to a store, online, or on the streets, and pick up a product and thought to yourself, this should be cheaper? Even if it's Gas/Tickets/Food. If yes, this is shorting.

Thinking that something is too expensive and should be cheaper is the essence of shorting, and isn't haram in my book, but each to their own.

Not only that, all trades on the market are legally known as bets as risk is associated with every trade - why isn't trading generally haram then? (Rhetorical).

Anyway good luck on Cryptos!