Basic stock trading for beginners

[RiverRat1]

I guess I have a more generic question. Do you change your Due Diligence after a stock pops? Does your Due Diligence change based on pricing level (A penny stock vs something $5 or more)?

Yes, greatly.

I do almost no company DD on penny plays. I never fall in love. I never intend to hold one more than 1-5 days (rarely longer IF I get in early and they have an upcoming event lined up).

I've learned it's 99% lies and BS so all the DD in the world usually doesn't help. They will all raise money selling stocks and most don't report audited financials.

On bigger plays I check to see when they may be running low on cash. If I want in like for an upcoming FDA date I wait until they sell shares through a stock offering and then load up (usually pre-market) on the filing.

I'm NEVER a long term investor in anything that I myself deal with. That's all for my financial advisor.

[WItoTX]

Yes, greatly.

I do almost no company DD on penny plays. I never fall in love. I never intend to hold one more than 1-5 days (rarely longer IF I get in early and they have an upcoming event lined up).

I've learned it's 99% lies and BS so all the DD in the world usually doesn't help. They will all raise money selling stocks and most don't report audited financials.

On bigger plays I check to see when they may be running low on cash. If I want in like for an upcoming FDA date I wait until they sell shares through a stock offering and then load up (usually pre-market) on the filing.

I'm NEVER a long term investor in anything that I myself deal with. That's all for my financial advisor.

That's good info. Thanks!

[BTLowry]

I'm not Randy.

https://www.investopedia.com/ has an Education library that good. Another is
https://www.tdameritrade.com/educati...t-classes.page . TDA also has a paper account that allows you to simulate trading/investing/gambling using pretend money.

Well the advice and links are appreciated and will be passed along

[CB_TxNole]

I use TD Ameritrade, Is there a better one for beginners?

I have Robinhood (easiest for beginners IMO)
Webull (second easiest, I actually liked the layout they used to have and you could watch 5 minute moving averages)
And TD.... I have TD only to buy into something I couldn't buy on others.
I feel like its the hardest to use lol

[bows08]

Question from a newbie....

Let's say I have a capital gain when I sell. Does taxes get taken out at that point or at years end? I'm sure when I make that first sell I will answer my own question but haven't yet. Need to know if I need to calculate the tax I make on any capital gains and set aside.

[bphillips]

Question from a newbie....

Let's say I have a capital gain when I sell. Does taxes get taken out at that point or at years end? I'm sure when I make that first sell I will answer my own question but haven't yet. Need to know if I need to calculate the tax I make on any capital gains and set aside.

It is not automatically taken out

[jshouse]

I have Robinhood (easiest for beginners IMO)
Webull (second easiest, I actually liked the layout they used to have and you could watch 5 minute moving averages)
And TD.... I have TD only to buy into something I couldn't buy on others.
I feel like its the hardest to use lol

i did the same with TD and i dont like it, robinhood is way easier to navigate.

[bows08]

It is not automatically taken out

Ok thanks... just be disciplined and set aside then

[WItoTX]

Ok thanks... just be disciplined and set aside then

Remember, if you hold less than a year, it gets taxed at your current tax bracket. Capital gains in on long term holds.

[bows08]

Remember, if you hold less than a year, it gets taxed at your current tax bracket. Capital gains in on long term holds.

Yes that's what I've been reading. So holding over a year could be taxed 10-20% I believe or selling before a year is current tax bracket rate. So I guess your trading platform will send you a 1099 for the current years transactions, correct?