06-17-2014, 09:39 AM | #4203 |
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Drives: 2008 Porsche 911 Carrera S
Join Date: Jun 2012
Location: Falls Church/Merrifield, VA
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I always yield the highest % gains on the smallest positions. Can't complain though.
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06-18-2014, 01:54 AM | #4205 | |
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$1000 is enough to start. Make this a learning experience first. I started with 3000 when not too many people even knew what Datek was. I learned more from investing/trading than 1/2 of my educations combined. I. Finding a good discount brokerage firm. 1. Look for lowest deposit requirement firm. Some may require fees under x amount. Avoid the fees. 2. Good reliable trading platform/brokerage. Some even have a CNBC on the platform. When I get bored, I just go to Starbucks and watch the CNBC. 3. Cheap commission. II. Do your Homework. 1. HW on Fundamental/Technical/Economic Indicator may reduce systematic risk. However, sheepies even know how to do all that. Look at the future, not the TTMs. Recalculate the fundamentals based on what they WILL have. 2. There are some speculations involved, but some are really no brainer. M&A speculations are easy, but timing it is not. III. Self control 1 Learn how Options trading works. Options trading is important factors. 2. Margin? I prefer not, but some do like having a margin. 3. Don't be greedy. "umm, when it reaches 100. Ummm when it reaches 101." |
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06-18-2014, 07:32 AM | #4207 | ||
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They break real easy haha and if you look they bring new products and drop support for past models almost forcing people to upgrade granted thats a risky business practice but when you're the most well known maker beyond someone using a digital camera, or cell phone you kind of have the market to play with. Last edited by M5Rlz; 06-18-2014 at 07:50 AM.. |
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06-18-2014, 11:11 AM | #4208 | ||
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I've been watching for a few years and I'm ready. I was set to get going with my brother but he recently passed, so I got a little set back but now I really am determined to dive in. |
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06-18-2014, 11:35 AM | #4209 | |
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06-18-2014, 11:42 AM | #4210 | |
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Just start slowly buying stock in companies you like. You will make a ton of mistakes in the beginning but its all about learning how the market works. |
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06-18-2014, 11:49 AM | #4211 | ||
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It took me about 18moth to realize how to trade and work on option strategies. |
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06-18-2014, 07:18 PM | #4213 | ||
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This nominal % gain in stock market look awesome, but we are basically hedging against the excessive Money Supply. Typically, people hedge against the dollar with precious metal, but they are little played out (or overbought imho). Bond mkt is basically screwed. Housing rose a little due to cash buyers.
Even McDonald/Wendy's Dollar menu went up more than S&P500 gain. Only place investors had was stock market. I don't think this rally will go further than 2Q2015. I haven't seen good bull market action year before the election in 15y period. Quote:
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06-19-2014, 12:58 AM | #4216 |
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I used Tradeking in the past. Very slow trade execution.
The quickest trade execution broker from my experience is Interactive Brokers or TDA. I currently use IB because of the low commission price. Paying per share vs paying a flat rate. I use TDA for their thinkorswim platform. |
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06-19-2014, 02:53 PM | #4217 |
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TWTR- $39.03 right now. (2:52est). I will take 0.80% gain any day on down day.
BBRY- 2nd biggest mistake this year. Bought it at 6.45 and sold it wayyyy too early. |
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06-19-2014, 03:42 PM | #4218 |
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NUGT today... upset I didnt add more into the dip (when it dropped to high 20s)
EDIT: Still holding my position... just wish I added more when it dropped Added to my position once when it dropped to 30s and wish I did it again this time Last edited by E90Alex; 06-19-2014 at 05:39 PM.. |
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06-19-2014, 05:27 PM | #4219 |
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Wow. I was looking over my SLV charts and it seems to have broken above a three year long resistance TL. I think it could be setting up for a massive rally to take it back into the $40s by early next year. Any thoughts? Where's Mact?
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06-19-2014, 05:42 PM | #4220 | |
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I really should have been trading it but I decided that I might as well hold for a rebound. Last edited by E90Alex; 06-19-2014 at 05:47 PM.. |
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06-19-2014, 05:50 PM | #4221 |
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BTW, as a response to the platform question above.
I use TDA.. do not have experience using other brokers but am satisfied here because of the research that is available, etc.. May look into lightspeed later. |
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06-20-2014, 03:30 PM | #4224 | |
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