- 1,531
- 10
- Joined
- Oct 26, 2005
i thought etrade had a $1,000 minimum to start trading? Scottrade (what i use) is $500
-J23C
-J23C
I'm going in...VOL. Wall Street
- Thread in 'General' Thread starter Started by icebrgbig everafter,
- Start date
- 30,668
- 10,433
- Joined
- May 22, 2009
That's not your homie.
Seriously.. what kind of homie is that?
- 30,668
- 10,433
- Joined
- May 22, 2009
That's not your homie.
Seriously.. what kind of homie is that?
500 isn't a lot, but if you can afford to lose it so be it.
Plethora of information out there...
Here are my random thoughts:
1) learn to price securities along with some fundamental technical analysis. Some people are more heavy on technicals, I see some importantce in them, but not a ton.
2) follow sectors. Pick one or two max right now and find out as much about industry trends as you can before individually investing
3) your capital is low for individual stocks to be honest. Unless you use margin, which I'd suggest not doing yet. If you can stomach risk I'd say learn equity options. The multiplier (100) helps manage capital. Options do expire and are risky, though.
4) dont try and "beat" the market. Won't happen. Learn from your mistakes and keep a journal on positions, thoughts and ideas. Then check back on it periodically.
Plethora of information out there...
Here are my random thoughts:
1) learn to price securities along with some fundamental technical analysis. Some people are more heavy on technicals, I see some importantce in them, but not a ton.
2) follow sectors. Pick one or two max right now and find out as much about industry trends as you can before individually investing
3) your capital is low for individual stocks to be honest. Unless you use margin, which I'd suggest not doing yet. If you can stomach risk I'd say learn equity options. The multiplier (100) helps manage capital. Options do expire and are risky, though.
4) dont try and "beat" the market. Won't happen. Learn from your mistakes and keep a journal on positions, thoughts and ideas. Then check back on it periodically.
500 isn't a lot, but if you can afford to lose it so be it.
Plethora of information out there...
Here are my random thoughts:
1) learn to price securities along with some fundamental technical analysis. Some people are more heavy on technicals, I see some importantce in them, but not a ton.
2) follow sectors. Pick one or two max right now and find out as much about industry trends as you can before individually investing
3) your capital is low for individual stocks to be honest. Unless you use margin, which I'd suggest not doing yet. If you can stomach risk I'd say learn equity options. The multiplier (100) helps manage capital. Options do expire and are risky, though.
4) dont try and "beat" the market. Won't happen. Learn from your mistakes and keep a journal on positions, thoughts and ideas. Then check back on it periodically.
Plethora of information out there...
Here are my random thoughts:
1) learn to price securities along with some fundamental technical analysis. Some people are more heavy on technicals, I see some importantce in them, but not a ton.
2) follow sectors. Pick one or two max right now and find out as much about industry trends as you can before individually investing
3) your capital is low for individual stocks to be honest. Unless you use margin, which I'd suggest not doing yet. If you can stomach risk I'd say learn equity options. The multiplier (100) helps manage capital. Options do expire and are risky, though.
4) dont try and "beat" the market. Won't happen. Learn from your mistakes and keep a journal on positions, thoughts and ideas. Then check back on it periodically.
- 2,983
- 582
- Joined
- Dec 3, 2010
Seriously.. what kind of homie is that?Originally Posted by Carver
That's not your homie.
cant blame him thought
trying to keep lowkey in bad area
- 2,983
- 582
- Joined
- Dec 3, 2010
Seriously.. what kind of homie is that?Originally Posted by Carver
That's not your homie.
cant blame him thought
trying to keep lowkey in bad area
- 21,365
- 812
- Joined
- Nov 20, 2003
It's $500, I'm with ETRADE.
- 21,365
- 812
- Joined
- Nov 20, 2003
It's $500, I'm with ETRADE.
- 43
- 10
- Joined
- Mar 9, 2010
Thanks LazyJ10 will follow up on all of that.
Is it $1000? If so, that's fine, I can risk that. I know it isn't a "get rich quick" thing, but I feel our generation has way too many resources available to not educate ourselves on make smart financial decisions. Let's see how it goes.
Is it $1000? If so, that's fine, I can risk that. I know it isn't a "get rich quick" thing, but I feel our generation has way too many resources available to not educate ourselves on make smart financial decisions. Let's see how it goes.
- 43
- 10
- Joined
- Mar 9, 2010
Thanks LazyJ10 will follow up on all of that.
Is it $1000? If so, that's fine, I can risk that. I know it isn't a "get rich quick" thing, but I feel our generation has way too many resources available to not educate ourselves on make smart financial decisions. Let's see how it goes.
Is it $1000? If so, that's fine, I can risk that. I know it isn't a "get rich quick" thing, but I feel our generation has way too many resources available to not educate ourselves on make smart financial decisions. Let's see how it goes.
mrbrown
Banned
- 3,558
- 699
- Joined
- Jan 3, 2011
Too late
all your play money will get washed away on the upcoming great market melt down
all your play money will get washed away on the upcoming great market melt down
mrbrown
Banned
- 3,558
- 699
- Joined
- Jan 3, 2011
Too late
all your play money will get washed away on the upcoming great market melt down
all your play money will get washed away on the upcoming great market melt down
- 8,485
- 1,318
- Joined
- Mar 30, 2010
OP read as much investopedia.com as you can before beginning. maybe even play their stock market simulator for a week or two.
and if i was you i'd invest in a tech sector ETF. the tech market is seriously on the come-up right now, every week there are new mergers & acquisitions that improve prospects. and with an ETF you have easy diversification across a sector, plus its more flexible than a mutual fund. as long as you do research and pay attention you can make money. good luck bruh
and if i was you i'd invest in a tech sector ETF. the tech market is seriously on the come-up right now, every week there are new mergers & acquisitions that improve prospects. and with an ETF you have easy diversification across a sector, plus its more flexible than a mutual fund. as long as you do research and pay attention you can make money. good luck bruh
- 8,485
- 1,318
- Joined
- Mar 30, 2010
OP read as much investopedia.com as you can before beginning. maybe even play their stock market simulator for a week or two.
and if i was you i'd invest in a tech sector ETF. the tech market is seriously on the come-up right now, every week there are new mergers & acquisitions that improve prospects. and with an ETF you have easy diversification across a sector, plus its more flexible than a mutual fund. as long as you do research and pay attention you can make money. good luck bruh
and if i was you i'd invest in a tech sector ETF. the tech market is seriously on the come-up right now, every week there are new mergers & acquisitions that improve prospects. and with an ETF you have easy diversification across a sector, plus its more flexible than a mutual fund. as long as you do research and pay attention you can make money. good luck bruh
- 380
- 10
- Joined
- Mar 29, 2003
Don't waste your time, you don't know more than the market and won't beat it over the long term.
Invest in index funds for the long term.
Invest in index funds for the long term.
- 380
- 10
- Joined
- Mar 29, 2003
Don't waste your time, you don't know more than the market and won't beat it over the long term.
Invest in index funds for the long term.
Invest in index funds for the long term.
- 3,078
- 10
- Joined
- Aug 7, 2002
invest in gold and silver...
- 3,078
- 10
- Joined
- Aug 7, 2002
invest in gold and silver...
- 66,780
- 77,529
- Joined
- Jan 5, 2011
That's not your homie.
my thoughts exactly.
- 66,780
- 77,529
- Joined
- Jan 5, 2011
That's not your homie.
my thoughts exactly.
- 617
- 10
- Joined
- Dec 24, 2006
Stop wasting your time on Casino Wall Street.
You want to generate serious alpha over the long run, learn to trade commodities futures, preferably through an index.
Commodities FTW!
You want to generate serious alpha over the long run, learn to trade commodities futures, preferably through an index.
Commodities FTW!
- 617
- 10
- Joined
- Dec 24, 2006
Stop wasting your time on Casino Wall Street.
You want to generate serious alpha over the long run, learn to trade commodities futures, preferably through an index.
Commodities FTW!
You want to generate serious alpha over the long run, learn to trade commodities futures, preferably through an index.
Commodities FTW!