If im investing on my own I dont do it for more than i would take on a Vegas trip. But i decide what sector I feel confident in. Then i research the companies in that field. Or I find an ETF in that sector that i like the companies they are invested in
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Basic stock trading for beginners
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Do not try to start trading if anyone thinks it's always easy money. It appears to be easy money right now but I know very experienced traders that lost a lot this week.
And most of the time trading is very difficult. A good way to look at it is right now we have a room filled with beginner traders (millions) but they will get weeded out quick and you'll be sitting with the pro poker players and market makers very soon. Then you'll be happy to grind out 1% per week or heck 10% in a year.
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Originally posted by Bassdeer View PostShould I set up a Margin account?
As far as where I go for advice, I actually subscribe to 2 different stock advisors: Motley Fool (one of their cheaper packages) and Investor Advisory Services..
I have used Motley fool for years, but not sure if I will continue. I started using IAS about a year or so ago and have been very pleased with them.
You have to realize that if someone really knows what the market is going to do, they would be very rich. But the advising services do provide good insight and can do a lot of analytical analysis which I do not care to do (nor do I really know how).
But I also warn people about listening to success stories. We all like to talk about the great fishing days we have when we limit out. But we probably won't mention the days we get skunked.
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Originally posted by trozy55 View PostWhat exactly does it mean when a stock is "shorted" and why and when would you want to buy calls?
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Basic stock trading for beginners
For DD (Due Diligence) I'm usually just reading all the various, new, tech, business websites. If I see a pattern over time or see news being echoed across various industries, I start focusing on the companies involved and research their history. I don't understand all the "Greeks".
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