"Sid, go slowly and I would say stay away from pennies stocks because they can eat your money very quickly. You might have better chance to grow with stocks about $5 such as TPLM, KOG, SLV, AGQ, SWL..etc... this from my experience after a $30,000+…"
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New to trading - need some investment guidance
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Hi all,I am very new to the whole stock investment and just opened a sharebuilder account. I have around $1000 and wanted to invest wisely. Any expert guidance would be appreciated as to which stocks…Continue
Started this discussion. Last reply by NewTrader1 Apr 16, 2012.
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KH replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"ant,
risk only what you can lose. Don't risk a dime till it's time.
I love my greenies and when i day trade it's short n sweet. learn how to profit whether your stock of choice goes north or south.
Follow Tims leed on the more risky…"
JC replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"Best advice. Paper trade, study and try and make friends to keep you in check now and then. It's all a learning process, you won't start with 1000$ and then next day have 20000. Sorry. It might happen now and then hut the odds if stuff…"
Rais replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"Here are some points from new trader. All the points mentioned by experienced people has covered good aspects of safe investing but all those advices are true for investors with some cash on hand.
I will give you my opinion from different angel,…"
Fris replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"Support and resistance. It will help.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistan
Also, paper trading will help you learn about the stock that you are interested in. By time, you will recognize their…"
Sid Chaudhury replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"Michael and others thanks again for being kind and spending your time to give me good recommendations.
I am also curious as to what Swing trade is. I don't wanna day trade as I don't have the time all day to access and look at the…"
Antonio Molina replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"what would you swing trade Michael.
I have been following multiple sites learning and picking up information. I have to say, hands down, that this is the best site for information.
I usually work during trading hours and do not have much access to…"
Harold Dumur replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"Sincerly, thats was a pretty nice speech!"
Michael replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"Honestly, if I had $1,000 to invest...I would buy 1 share of APPL, and the rest put into KOG (or AGQ)...and just wait, not trade. In the meantime I would try to save some more $ and slowly add to my account until I have at least $5,000 which is a…"
Sid Chaudhury replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"I was wondering if I buy stocks worth $5000 and then decide to open a Roth Ira can I do that? Or do I have to sell the shares and deposit cash to open Roth Ira account."
Greg Gross replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"This is all sound advice from good, honest, and experienced people. These are things I have and am still learning myself at this very moment. Take it all in and try to read the advice carefully and understand it, because it is really…"
Mark Malone replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"Like you said, the $7 will definitely eat into your profits, if there are any. I think the best advice so far is to "paper trade". This will allow you to pick stocks, entry points, exit points, etc, and see how you WOULD have…"
Sid Chaudhury replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"Thanks Kevin and TY, with the 5 stocks Kevin mentioned and only having 1000, McDonald's for around $97 i will be able o get 3 or four. Does that even make sense? and at $7 a trade, how do I get all these 5 stocks and yet make money.
Strategies?"
Ty Ccord replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"hey Sid im not an expert and there aren't any stupid questions when it comes to your hard earned money. kevins right and no more then 5 stocks!!! i dont even like to hold any more then that. being diversified doesnt mean you have to…"
KH replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"Those are tickers. Go to yahoo finance and in the bos to search for a stock. Enter Verizon or VZ.
Enter Ford or F. Enter McDonald's or mcd.
Go to you tube and search for. How to pick a stock for beginners. "
Sid Chaudhury replied to Sid Chaudhury's discussion New to trading - need some investment guidance
"Kevin, thanks for your response. I am sorry but what is vz, f, aa, mcd, wmt. "
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