Basic stock trading for beginners

[RiverRat1]

I pretty sure most guy's on here are just trying to learn more about the market (like myself) then make enough money in the market to retire on, We have a financial advisor that does all our big time investing and we will have more then enough when we retire.
As for myself if I lose what I have in there it's no big deal, I am up 100% from my $3000 investment. Keep it up RiverRat1 your doing a good thing. I'll be jumping in and pulling the trigger tomorrow morning.

What are you buying?

I plan to start looking for new trades tomorrow.

[Bassdeer]

What are you buying?

I plan to start looking for new trades tomorrow.

I may get up at 3am just to see what silver is doing. Just going to see what Monday brings, maybe OZSC

[Huntindad]

what time does PM trading start? 4 or 4:30

[RiverRat1]

what time does PM trading start? 4 or 4:30

Before 4am not sure as that's as early as I've seen it. Placed one trade at like 3:55 Never able to watch earlier.

[Burnadell]

Randy,

Not sure why you are posting on this.

Tim was asked his trading thoughts. he gave an honest answer. Folks have to be held accountable for their actions.

David, as mentioned, I merely wanted to keep some balance to the dicsussion and make sure the newbies realize that the type of "trading" being discussed most of the time here is not "investing"; it is gambling, prue and simple based on hype, not fundamentals. There is nothing wrong with that. Folks just need to understand the difference.

[Jzoch]

Following!!

[WItoTX]

You are correct. In the long run most will lose money. But if they're going to jump in and lose I have no problem helping them to better their odds.

I know at a few points in life I wish someone would have helped me because I kept trying and trying and losing until I finally figured it out.

I have zero issues telling them it's gambling. I try to tell them that myself. There is no get rich quick trading.

Seems pretty reasonable. It's more like educated gambling LOL, but like you said, beer money only! Keep posting info, it's like anything else. Sometimes it takes one person from outside the box to point out something a person never saw before.

[tps7742]

When people you know that are talking about the stock market etc. that never have before proceed cautiously.
When it seems like everyone is talking about the stock market and making money proceed cautiously.
Understand what you are buying, the risk factors etc.
Don’t use moneys you can’t afford for it to get below the initial principle investment.

[jthump]

I used to buy $20-40 a week in scratch offs, so instead now I am buying the same in stocks. Figure it couldn't be much riskier. This is how I rationalize my small trades I've been doing recently. I am a newbie at this.

[WItoTX]

You are correct. In the long run most will lose money. But if they're going to jump in and lose I have no problem helping them to better their odds.

I know at a few points in life I wish someone would have helped me because I kept trying and trying and losing until I finally figured it out.

I have zero issues telling them it's gambling. I try to tell them that myself. There is no get rich quick trading.

Actually, this was why I was asking so many questions about the guy who bought GameStop last summer. There was no reason at that time that GameStop should have ever expected to pop, and therefore I could never see myself gambling on it (Especially with IRA money since my IRA money is for retirement, and I don't gamble with it), which was why I was asking clarifying questions. I thought maybe there was some loop hole I had never heard of in regards to money going into an IRA.

But here we are today, and it has made some folks quite wealthy!

[bows08]

Still can’t buy with E*TRADE. Put in $300 a week ago today and it still says insufficient funds. Guess I need to call them. Unless I’m seeing it wrong, cash available for investment is zero.



Sent from my iPhone using Tapatalk

[RiverRat1]

Seems pretty reasonable. It's more like educated gambling LOL, but like you said, beer money only! Keep posting info, it's like anything else. Sometimes it takes one person from outside the box to point out something a person never saw before.

People can feel free to keep me in line. I don't want to be "that guy" that pumps a stock. I try to give an outline of why I buy and the risks.

Nothing wrong with Randy trying to make sure people know it's gambling. That voice of reason needs to stay around.

[BTLowry]

David, as mentioned, I merely wanted to keep some balance to the dicsussion and make sure the newbies realize that the type of "trading" being discussed most of the time here is not "investing"; it is gambling, prue and simple based on hype, not fundamentals. There is nothing wrong with that. Folks just need to understand the difference.

Randy are there any books you would recommend to educate someone on the fundamentals of investing?
My son is wanting to learn more about the stock market and has time to read

[Charles]

Randy are there any books you would recommend to educate someone on the fundamentals of investing?
My son is wanting to learn more about the stock market and has time to read

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.

[WItoTX]

People can feel free to keep me in line. I don't want to be "that guy" that pumps a stock. I try to give an outline of why I buy and the risks.

Nothing wrong with Randy trying to make sure people know it's gambling. That voice of reason needs to stay around.

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)?