When it comes to stock investing in Tampa, Florida, one needs to keep an advisor close at hand. The markets change very quickly, and the complexities surrounding how they change needs a professional mindset to stay ahead. Let’s face it, nobody enjoys watching stocks go up and down on a moment by moment basis. Moreover, if you’re not in the financial industry you probably don’t have time to sit and watch it everyday. Even professional money managers rarely stay glued to the ticker tape, if you will. This is why the buy and hold mentality is so powerful.
Professional traders, like Mike Stapleton, keep track of great companies, including their management teams. They analyze many points of data before deciding to invest in a particular stock. One of the many techniques that successful traders employ is combining fundamental and technical analysis. For example, in crypto trading, most cryptocurrencies are traded solely on technical analysis. Stocks, on the other hand, are subject to both technical and fundamental analysis. The difference? Stocks have accounting items attached to them, balance sheets, profit and loss statements, assets, etc. This allows traders to analyze how stable the company is and whether a new market shift will bring in profits. That said, stocks are also subject to trading trends, for example, GameStop and AMC’s stock was traded up by a group of online enthusiasts. This caused a technical trading frenzy.
The GameStop story is happening more frequently. When stocks get run-up by “irrational exuberance” as Alan Greenspan so eloquently described, in the 1990’s, new investors fall victim. Inexperience can cause one to attach emotions. To get caught up in the hoopla, if you will. However, if you have hired a seasoned Investment Advisor, stock investing in Tampa, Florida, or anywhere else, can be very rewarding.