Word: liu
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Dates: during 2000-2009
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...With these numbers, Liu should write a book, "The Secret to My Success," unless that name's already taken. What is the secret to Liu's success? At first, Liu admits, he got slammed. He soon learned the trick: if you want to make sweet profits you need to sell, quickly. Liu holds stock for the "ultra short term" and to maximize profit, he sells as soon as possible. "The less time you hold it the more profit, but also the less sure you are of your trade." Purchased stock is "baggage" to Liu, because it ties you down until...
...Greed often runs people into debt, Liu says. People see their stock value increase by 100 or 200 percent in a day and think their good fortune is forever. Liu, wisely, would take his gains and sell, regardless of whether the stock was on the rise. After a while, Liu says, the money is just numbers on the screen. You forget the value of a dollar. Since the New York Stock Exchange runs from 9:30 a.m. to 4 p.m., day trading is a full-time job. "It takes nerves of steel, and you can't be shy about losing...
...Back at school, Liu still trades, but he thinks more in the long-term. Liu is not the only Harvard undergraduate quietly making profits through long-term trading. Founded in 1996, The Cambridge World Fund is a student-run organization that invests students' money, giving them early hands-on experience in the market. With 80 shareholders, the fund has about $20,000 invested. Any student can invest a minimum amount of $100, or about six shares, to become a stockholder. This year to date, the fund is up 75 percent. While less lucrative than day trading, CWF is also less...
...woman question, Liu has a different observation. When he traded, he noticed that a good number of other traders were homebound housewives who were able to participate in the stock market through the Internet...
...contended that anybody can get involved with the stock market. While profits might not be as high as Liu's, the stock market is hot and rising. And you don't have to be an Ec major to be Joe Stocktrader. Sinhababu, a philosophy concentrator, sees a lot of opportunity for humanities majors to use their analytical skills. Reading the market is like reading a text, and if you can figure out what the market is going to do before anyone else, you have the opportunity to make a lot of money...