Stocks???

[snoop-a-loop]

I'm starting a new job tomorrow after about 2 years of unemployment, and was wondering do any of you guys or girls invest in any stocks??? any if you do, how hard is it and do you know any good or cheap ones??? I've been interested in the stock market since the 9th grade and want to get some money in it.

 

[steppinRazor]

are you investing long term or trying to make a quick buck??

if you study the "options" market you can make some fat bank roll relatively quick but its pretty gotdamn risky if you dont know what you're doing.

personally i just go to the casino, plus the tittie bar's just a hop skip away


there is a stock market firm/agency that lets you create an account and follow real stocks with monopoly money to get the hang of it, i'd check that out and maybe take a class at your local community college on stocks and stock options if you are actually serious about it.

good luck man theres lots of money to be made if you're good/lucky enough

 

[JohnnyATL]

i would start with an etrade account. I made one and transfered money into my account. its super easy to use. Ive also started watching stocks alot more and shows like mad money

 

[steppinRazor]

yeah good call johnnyATL
mad money's where its at!!

Jim Cramer is one crazy bastard but he knows wtf he's talkin about..

 

[Stoner4Life]

These are two great books I recommend to all new investors.
btw, Wade Cook made his millions while driving a NYC taxi.......​

 

[Rosy Cheeks]

If you have no experience whatsoever of the stockmarket, do not jump straight in. Lurk, read up, study the scene for a while to get a hang of how it works.

You can loose hard-earned cash - and lots of it - in a matter of minutes if you trade unvisely, so as usual you will profit from being educated.

Day traders can make a buck since prices and values are unstable, long term investing buying up cheap stocks will probably pay off eventually, but for now most stocks loose value and dividends are low, which is why people are selling.

My portfolio has lost $1500 in value over the last few weeks, that's acceptable concidering the situation. In any case, you haven't lost a thing until you sell, so if you don't have to, just sit on it.

 

[whyme2]

If your company offers an employee stock purchase plan, it is usually worth getting in. Most companies sell to employees at a discount, because 'owners' of the company tend to work harder. Look at what the company offers. As others have said, this is not about making a quick buck, stock purchases are for longer term investments. As with any investment, remember you can lose money (possibly all of it), do not invest more than you can lose.
Good Luck

 

[stinkyattic]

I made some money in the stock market when I was younger, got it the HELL outta there, and invested it in real estate.

IMVHO, if you are trying to establish long-term financial security, find yourself a structurally solid multi family property, ideally a home that you would like to live in, with in-law apartment(s), in need of cosmetic upgrades, in a good neighborhood, in a town with historically high rents, that does not seem to be too affected by the 'bubble'. No matter what the stock market does, people always need a place to live.

Say you find a place that has been foreclosed on, for ~100,000. It has an owner's unit and a 1 bedroom apartment. You want to gamble? Cool- gamble on heating fuel costs and list it at a high rent with all utilities but phone and cable included. Your mortgage and taxes shoudl run around $1000 a month if you have decent rates. Around here, a 1br with NOTHING included runs $700. A tenant expects to pay up to $300 a month in heat in winter in my area. So jack up the rent to $800-900 inclusive, get the place really cleaned up so it shows well, and there you go. You are basically living in a home for the cost of the utilities. Claim rental income on your taxes and your income/credit history improves too.

I'm not so much on gambling and the stock market feels too much like gambling to me to be comfortable with it.

 

[snoop-a-loop]

I watch mad money and things like that, and I just worked my first day today at a hot dog shop making 7.25 an hour from 11:30am - 3:00pm. But honestly, I want to make make some money now (to put towards my grow dresser) but I also want money for a car, house, or retirement in later years. Can anyone suggest some sites anywhere I would be able to read up on this?

 

[Space Ghost]

invest in metals

 

[TNTBudSticker]

I invest,trade,buy,hold,sell stocks...Don't really need alot of money to start..unless you want to make cash on the same day..got to find stocks that move more than .14 cent then book the rest for you in profit or buy more stocks.Fourteen cents is for 100 stocks and paying $14.00 for both trades.

Today was a great Day to Trade...A 500 point move is spectacular!
If you want to try it out using Website money...like
http://caps.fool.com.
and go to the 7th tab called Caps/quotes and learn how to trade. This website is a Hold for 7 days then decide if you still want the stock or book your profit later.

http://wallstreetsurvivor.com/Home.aspx
You can trade this website real-time using limit orders while watching Live quotes through a Brokerage service with those live streaming orders.

But yea...Pretty much sums it up with stocks

http://finance.google.com/finance?hl=en&tab=we

Just read the action all day...

 

[steppinRazor]

I watch mad money and things like that, and I just worked my first day today at a hot dog shop making 7.25 an hour from 11:30am - 3:00pm. But honestly, I want to make make some money now (to put towards my grow dresser) but I also want money for a car, house, or retirement in later years. Can anyone suggest some sites anywhere I would be able to read up on this?

Make Money Fast

 

[Apollo11]

Judging from your responses and your motivation for getting into trading, I would highly suggest you stay out of the game altogether and perhaps seek advice from a qualified professional (this wasnt meant to be a jab at anyone who gave advice).

It appears that you are still in the looky-loo stage and I have a possible solution for you to try trading without spending a cent.

WWW.UPDOWN.COM

They give you 1 million in starting capital and allow you to trade virtually. If you consistently trade above the S&P index the site will reward you with real cash. If you destroy the S&P index consistently they will actually hire you to be a trader for them.

Nothing to lose and everything gain.

 

[bbing]

EliteTrader forums are to Trading ......
....what ICMAG is to growing.

same rules apply.....

 

[johnipedestran]

Remember that when you are buying stocks, you are buying RISK. It is similar to a casino, generally speaking the people that really make money are the ones executing the trades. They get paid no matter what. (not talking about the fact that they surely have some of their own skin in the game---thats why so many of those cats on trading floors are losing their hair)

Current pics----Oil stocks, oil services stocks (five year window for those--we will see another super spike again) health care finally, if you are really looking for some risk, check out the chart on MGM.

TNTBUDSTICKER i have done pretty well recently with MGM that is of course relative as my trading account got creamed last month. I was too heavy in Goldman sachs if you look at it now though I got out around 145 so not too bad.

peace
jip

 

[Stoner4Life]

These books I mentioned above are best for new investors.

'The Wall Street Money Machine' tells you how to invest money even when you're budgeted, after all Wade Cook invested while driving taxi how much could that be any given week or month?

'The Millionaire Next Door' is somewhat different as it's not about investing but it is about how to keep more of your money once you have it in hand. It details the best frugal spending habits of that millionaire that lives next door to you.


I love this saying: If you watch your pennies the dollars will watch themselves.

 

[bbing]

invest in metals

good call

look at a monthly chart for Cu.
Also gold related stocks seem to swell when the market is short.

There are many trading strategies and many folks who seem to chase the Holy Grail. Some program automated systems that pound thousasnds of stocks through complicated algrythyms in real time. Some believe that a magic formula can be achieved that will produce only positive results over time. Some are right, for awhile...and then wrong...for awhile....Some have made legendary amounts of money, and some have lost it.

I like several trade intervals but always will be interested in intraday action.
I look for change rate. I keep it pretty simple with a volume study and a price study. I use MACD crossovers and a couple custom alerts I developed that look at consecutive bars up as it relates to baseline crosses from MACD. I also sort all my symbols by net change FROM OPEN.

Different things tend to work effectively at different times. I attempt to make it more like fishing than gambling by always using subjective logic with objective analysis. I have always likened it to a horse race; except when you trade intra-day and realtime; you can switch your bet from a slow horse to a faster horse DURING the race.

Tradestation will allow you to sort 1000 stock symbols in real time by whatever criterion you put in there pretty fast. It's kinda like an excel spreadsheet connected to a data stream (called "radar screen" by Tradestation). I have found it the most robust out of the box solution only second to a blackbox build

 

[TNTBudSticker]

TNTBUDSTICKER i have done pretty well recently with MGM that is of course relative as my trading account got creamed last month. I was too heavy in Goldman sachs if you look at it now though I got out around 145 so not too bad

I was telling a person to get out of Goldman sach since it was in the $150's and he keep telling people to buy it up when I told him "Stop that" and then he never said a word and now its down to 69's.

Since the threadstarter would need to learn more about the market and about stocks,etf's,dividend plays,are you bullish,bearish with the DOW?

You can play it like you know the market is going down or if its oversold,underbrought.Play Eft's instead..I'm not into stocks at all,I'm bearish with this market and ....These are EFT..They follow the Dow and MZZ is for bearish Dow and MVV is for Bullish Dow...

I've heard this many times...it's NOT Gambling..You HAVE to know whats the Dow is doing and what day it happens.When Dow is crashing big time...I'm making money and smiling because I bought MZZ in the 50's.

 

[snoop-a-loop]

I just created an account at updown.com and i started one yesterday at wallstreetsurvivor.com (sp) I have also read some info at investopedia.com and cnbc.com. I want to pratice on these site for like 6 months to a year while I build up my money and get some experience. Thanks for all the help you guys!

 

[TNTBudSticker]

I made $10,000 at wallstreetsurvivor.com this week. Now i gotta git sum real cash and use THAT. lol