so i wanna play the stock market . buy shares/stocks and sell. only thing is don't know how to . does any one play the stock market? know how to get in the game?
so i wanna play the stock market . buy shares and sell. only thing is don't know how to . does any one play the stock market? know how to get in the game?
investopedia is a good starting reference to gauge the gravity of the situation.
500 is plausible to the best of my knowledge, but your probably best investing elsewhere prior to trading and actually study trading strategy. Read until your content that stock exchange is anything but a game and your good to go.
Yeah, the simulator in Investopedia, which is http://simulator.investopedia.com, is pretty great. I'm using it to get the hang of things before I invest with Zecco.com. So far, the two stocks I've purchased have made me $438 (in fake money ). Hecla Mining (symbol: HL) has seen a 21.39% gain in the past two weeks I've opened my account, and Ishares Silver Trust (symbol: SLV) has seen a 5.53% increase.
Someone on Zoklet mentioned the turtle method, which is probably a good starting point for ya.
The stock market is great! I have been investing steadily over the past year or so... best advice I can give is to read books. Good books. This will give you an idea of the current economic climate, and will allow you to allocate your investment wisely. (Hint: Don't invest long-term in mostly US-dependent entities)
One book I will recommend is "The Little Book Of Bull Moves In Bear Markets" by Peter Schiff. That will get you started in a good direction.
Also, you don't need to have a large sum of money, you just need to choose your companies very wisely, so as to get the most bang for your buck.
Knowledge is power...with enough research you can turn 500 into 10000 in a few years easily... If I had 20 grand to invest, in 2 years I will have at least a quarter million dollars without a doubt. << That is because I research my balls off, and am now "in the know" on some absolutely golden opportunities.
Do not wait. Read, and go get your feet wet. And another tip: Don't let emotions sweep you up when you got cash in your brokerage account... that's how headaches are created. <--You will learn that lesson firsthand, even if you take my advice now. I did the same. Lost about 340 I didnt have to, but its all good It will come back...but I could have that $$$ in other stocks or some more cash on hand right now. :facepalm:
I agree with the above poster, find the classic books and read them. Start with the greats like How to Make Money in Stocks by William O'Neil and Reminiscences of a Stock Operator about Jesse Livermore.
I started about 7 years ago and just now am I able to consistently trade to make money. It's the hardest easy thing you will ever try.
I too have gained an interest in wanting to start in the stocks, but am only putting in 200 to start in stocks that seem to be on the level, to try to gain some, and then plan on taking riskier endeavors in up and coming companies
Seconding the avoiding-emotions part. The markets go up and down all the time in response to short-term events....learn to suck it up and take advantage of it. Buy when nobody has anything good to say about anything and sell when nobody has anything bad to say. Just don't sell too soon. It's usually better to hang on than not.
Do you have any kind of system or ritual in place yet for researching and deciding whether new up and coming companies are a worthy investment?
I don't invest, I trade. There's a difference. Traders are in for the short term, while investors are in for the long haul. I don't really mess with IPOs because they're extremely volatile.
a "successful" day trader( which is quite an oxymoron) makes little to no profit and is at huge risk in losing his cash pool because day traders really invest by the off chance that it will increase so they can sell. In the end, you are only gambling with pennies. There are people out there who invest millions and millions of dollars in stocks and is ready to take hits and casualties in the short term, and is expected a huge return in the long run......
...and here you are, playing around with 500 bucks
a "successful" day trader( which is quite an oxymoron) makes little to no profit and is at huge risk in losing his cash pool because day traders really invest by the off chance that it will increase so they can sell. In the end, you are only gambling with pennies. There are people out there who invest millions and millions of dollars in stocks and is ready to take hits and casualties in the short term, and is expected a huge return in the long run......
...and here you are, playing around with 500 bucks
Which is why your better off making short term highly speculative trades - catching a smooth 8% a year isnt going to cut it when you play with $500.
But if you can find something oversold, a junior miner with possible tenements to be announced or just a generally undervalued stock you can buy in and possibly make %50 or more over the month IF things go your way.
I trade with alot of small cap stocks, I actually pay money for a stock report from some investment managers in melbourne (well fucking worth it, im in my second year of subscribing and its made me %1000 more than it costs) and most of the time my money is in cash because i just wait for the right opportunities.
I do put some trend riding daytrades on if overall conditions are very clear but generally the small caps are where you get those double and triple digit gains over weeks or a month.
Right now ive been behind a small oil explorer (asx:WHN) thats gone up about %50 in the past 2 weeks - thats 10x better than what a bank will give me in a year.
That is very impressive! You seem to be very experienced in the stockmarket...however, a day trader is still a day trader...what I mean is that you still make little gains at the end of the day, while at the same time, can potentially lose a huge portion of your money if your stock dips. It's a high risk and offers little reward. There are other options out in the world that offer a better risk to reward ratio..
Even the big boy pro's and other people rigging the game (and its rigged) lose money from time to time.
In Australia where mining is big its not hard to make returns on juniour miners; they own X millions of tonnes of ore and its sold to china before they start paying people to dig it out of the ground.
This is a great thread. I've always thought of doing some investing, but maybe when I get more money. It's like gambling, only invest what you can afford to lose. Chap I knew invested into Apple, and made a big dent in his university savings :facepalm:
This is a great thread. I've always thought of doing some investing, but maybe when I get more money. It's like gambling, only invest what you can afford to lose. Chap I knew invested into Apple, and made a big dent in his university savings :facepalm:
Really? Dent in savings?
Because over the last 5 years unless you bought and sold during a one month downtrend or the 08 crash it was pretty fucking hard to lose money on apple.
source: http://www.marketwatch.com/investing/stock/AAPL
Unless you mean he used his money that would of otherwise gone to university.
Where he would of been paying massive sums of money to be partially brainwashed and take dumbass classes about abstract topics that have no relation, relevance or practical application to reality.
He put his money in a good place.
You can learn all you want about the world for free these days and have more fun outside of a structured environment. Dont saddle yourself with a metric fuckton of university debt when theres not actually a payoff for it.
Comments
you are destined to lose.
500 is plausible to the best of my knowledge, but your probably best investing elsewhere prior to trading and actually study trading strategy. Read until your content that stock exchange is anything but a game and your good to go.
Someone on Zoklet mentioned the turtle method, which is probably a good starting point for ya.
This offer expires in 1 week.
- Stock King
:facepalm: scam
How about you send me some and I will kill your family
Maybe one day.
One book I will recommend is "The Little Book Of Bull Moves In Bear Markets" by Peter Schiff. That will get you started in a good direction.
Also, you don't need to have a large sum of money, you just need to choose your companies very wisely, so as to get the most bang for your buck.
Knowledge is power...with enough research you can turn 500 into 10000 in a few years easily... If I had 20 grand to invest, in 2 years I will have at least a quarter million dollars without a doubt. << That is because I research my balls off, and am now "in the know" on some absolutely golden opportunities.
Do not wait. Read, and go get your feet wet. And another tip: Don't let emotions sweep you up when you got cash in your brokerage account... that's how headaches are created. <--You will learn that lesson firsthand, even if you take my advice now. I did the same. Lost about 340 I didnt have to, but its all good It will come back...but I could have that $$$ in other stocks or some more cash on hand right now. :facepalm:
Good luck!
It was obviously a joke. :mad:
I started about 7 years ago and just now am I able to consistently trade to make money. It's the hardest easy thing you will ever try.
The fuck?
I don't invest, I trade. There's a difference. Traders are in for the short term, while investors are in for the long haul. I don't really mess with IPOs because they're extremely volatile.
What indicators do you look for to find a valuable trading opportunity?
Thanks for your responses
as of today;
account value:$107,705.86 (which is down today)
rank : 10030 ( up)
my portfolio VS S&P 500
Today
0.09%(down) 1.22% (Down)
Week
0.09%(down) 1.22% (Down)
Month
3.00%(down) 3.75% (Down)
Quarter
1.21%(up) 13.07% (Down)
Year to Date
7.71%(up) 7.43% (Down)
FUCK YOU GENTEX AND AMD ! YOU GUYZ SUCK!
...and here you are, playing around with 500 bucks
Which is why your better off making short term highly speculative trades - catching a smooth 8% a year isnt going to cut it when you play with $500.
But if you can find something oversold, a junior miner with possible tenements to be announced or just a generally undervalued stock you can buy in and possibly make %50 or more over the month IF things go your way.
I trade with alot of small cap stocks, I actually pay money for a stock report from some investment managers in melbourne (well fucking worth it, im in my second year of subscribing and its made me %1000 more than it costs) and most of the time my money is in cash because i just wait for the right opportunities.
I do put some trend riding daytrades on if overall conditions are very clear but generally the small caps are where you get those double and triple digit gains over weeks or a month.
Right now ive been behind a small oil explorer (asx:WHN) thats gone up about %50 in the past 2 weeks - thats 10x better than what a bank will give me in a year.
Even the big boy pro's and other people rigging the game (and its rigged) lose money from time to time.
In Australia where mining is big its not hard to make returns on juniour miners; they own X millions of tonnes of ore and its sold to china before they start paying people to dig it out of the ground.
Positive cashflow ftw.
Really? Dent in savings?
Because over the last 5 years unless you bought and sold during a one month downtrend or the 08 crash it was pretty fucking hard to lose money on apple.
source: http://www.marketwatch.com/investing/stock/AAPL
Unless you mean he used his money that would of otherwise gone to university.
Where he would of been paying massive sums of money to be partially brainwashed and take dumbass classes about abstract topics that have no relation, relevance or practical application to reality.
He put his money in a good place.
You can learn all you want about the world for free these days and have more fun outside of a structured environment. Dont saddle yourself with a metric fuckton of university debt when theres not actually a payoff for it.