Taking a long-term approach to investing requires a totally different mindset than being an active trader. For long-term investors, time is on your side and you can recover from temporary dips in the market. On the other hand, if your time horizon is a day, a week, or a month, it becomes more urgent to accurately predict the price movement of a stock over the short-term.
Most individual investors think you can only make money when the stock market goes up. However, there are strategies (short sellers, options) that can be profitable when stocks decline. Wouldn’t you like to know which way a stock would likely move before the market opened for trading?
At PredictWallStreet, the world’s largest and oldest stock prediction community, you can share your thoughts on individual stocks and also benefit from the collective wisdom of your fellow investors and stock-pickers. All you have to do to join this fun and informative community is click through to the main site. Make a prediction. Would you recommend buying Apple or Google? With the price of oil down below $70 a barrel, do you think now is a good time to buy Exxon or Chevron?
See what the community thinks when you post your prediction. What makes the community so great is that you get a broad perspective from the diverse members of the community. Signing up is free and everyone who has an interest in the stock market is welcome to join. Members come from all different backgrounds and from all parts of the globe. There are those that just dabble in the market and those that are full-time stockbrokers and employed in the financial services industry.
On the “Predict Now” page you can see the poll results of the community and also see how accurate they are with their stock forecasts. Having both pieces of information available allows you to make a more informed investment decision. Using 50 percent as the benchmark for both price direction and accuracy of the community’s predictions is much more dynamic than basing your buy or sell decision solely on the majority (more than 50 percent) opinion.
For example, if community sentiment is 70 percent in favor of the stock price going up and the group as a whole is 60 percent accurate in its stock forecasts, you might want to buy some shares of Ford. On the other hand, you might receive a contrarian signal if 70 percent of the community is positive on Ford, but their track record shows they are only accurate 30 percent of the time.
If you want daily trading insights, real-time stock predictions and a very good gauge of investor sentiment, sign-up at PredictWallStreet. It will make you a better investor, plus, it is a lot of fun and it is free!