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Basic stock trading for beginners

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    #16
    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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      #17
      Are you using a scanner to find potential stocks to trade? If so, what values are you setting the scanner at and what catches your attention to buy a certain ticker?

      Thanks

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        #18
        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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          #19
          Should I set up a Margin account?

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            #20
            Buy low, sell high.

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              #21
              Originally posted by Bassdeer View Post
              Should I set up a Margin account?
              I wouldn't recommend any margin trading unless you really know what you are doing.

              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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                #22
                Following...........I've got a little experience, but I'm always looking to learn from others. I subscribe to a couple of different investment newsletters. They're not free, but they offer some really good advice and insight, along with analysis, so I feel like they're worth the cost.

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                  #23
                  What exactly does it mean when a stock is "shorted" and why and when would you want to buy calls?

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                    #24
                    Originally posted by trozy55 View Post
                    What exactly does it mean when a stock is "shorted" and why and when would you want to buy calls?

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                      #25
                      Tagged

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                        #26
                        I use TD Ameritrade, Is there a better one for beginners?

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                          #27
                          Following. Never been in the game setting up a separate account this week just for trading. Thanks for all the info

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                            #28
                            Got the E*TRADE app yesterday. Waiting on funds to be available but trying to learn the app and that’s been a challenge for me


                            Sent from my iPhone using Tapatalk

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                              #29
                              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".


                              Sent from my iPhone using Tapatalk

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                                #30
                                Sell all your GameStop stock and you should be okay[emoji41]


                                Sent from my iPhone using Tapatalk

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