Stawx

[BillyJeanKing]

Originally Posted by fatkidkustomz

I has $2K.... well almost. But could....

Originally Posted by Cez^_^

so how do you start out?

will answer in detail later tonight

[MikeH]

Last time I gave stawking a try I quickly found at that teh ladies don't find it too flattering and usually call teh police. About teh only experience I have.

[stonehenge]

Pinche mike hiding in bushes and shit

[lowerc]

buddy of mine was a day trader. was making good coin and then blew up, lost pretty much all of it. He sells windows and doors now. After that I said FTS, burry mah moniez in a coffee can in the back yard now. haz a little stash in my matress too

[race2c]

at which should i be worried about loosing my money? e.g. which point should i move around my stocks to help recover losses?

[BillyJeanKing]

Originally Posted by fatkidkustomz

I has $2K.... well almost. But could....

Originally Posted by Cez^_^

so how do you start out?

The first step in starting to trade stocks is to educate yourself. The learning curve is tremendous when you first start out. When I started out I read every book, watched every video, read every article, and talked to every person I could. Basically I did everything I could to speed up the learning process.

When you first start out you wont know what the fuck you're doing and that's how its supposed to be. Trading financial markets is one of the most difficult things in the world to do so you're not going to get everything from day one.


What should you read/study?

Market Wizards - If you read this you probably wont understand half of it until you get a little more experienced.
http://www.amazon.com/dp/1592802974?...hp%3Ft%3D18564

While you're reading that book it helps if you look up the terms that you don't know on this website:
http://www.investopedia.com/

Google anything that has to do with the stock market. After a few months of just studying you should have started to come up with methods of trading.

It may take you a few tries to come up with a profitable method of trading. You should run your method by an experienced trader and see if he thinks it could work.

As far as using as little as $2K goes, when you're starting out you only want to be using a small amount of money so $2K is great for a beginner. When you feel like you're getting the hang of it you can start to use what's called a "margin" account. A margin account basically gives you more money to trade with than you actually have. If you have $2K in your account with a 2:1 margin account you'll have $4K to trade with.

Originally Posted by lowerc

buddy of mine was a day trader. was making good coin and then blew up, lost pretty much all of it. He sells windows and doors now. After that I said FTS, burry mah moniez in a coffee can in the back yard now. haz a little stash in my matress too

Stories like that are a dime a dozen. 90% of people who attempt to do what I do for a living fail at it. If you hear that statistic and don't automatically say "well I feel sorry for the 90%" then trading isn't for you. Trading financial markets is not betting or gambling no matter what people say. Always think you will be the winner and that you'll come out on top. There are lots of people that succeed for decades but people choose to focus on the ones that last for a few years.

Originally Posted by race2c

at which should i be worried about loosing my money? e.g. which point should i move around my stocks to help recover losses?

Gotta be honest here, i'm a little confused by your question. Could you rephrase it?

[stonehenge]

Cam, when haz $5 in account, be worried imo

Sent from my Galaxy Nexus

[theholycow]

Originally Posted by Juan!

when haz $5 in account, be worried imo

[Cez★]

Originally Posted by KOURKE

The first step in starting to trade stocks is to educate yourself. The learning curve is tremendous when you first start out. When I started out I read every book, watched every video, read every article, and talked to every person I could. Basically I did everything I could to speed up the learning process.

When you first start out you wont know what the fuck you're doing and that's how its supposed to be. Trading financial markets is one of the most difficult things in the world to do so you're not going to get everything from day one.


What should you read/study?

Market Wizards - If you read this you probably wont understand half of it until you get a little more experienced.
http://www.amazon.com/dp/1592802974?...hp%3Ft%3D18564

While you're reading that book it helps if you look up the terms that you don't know on this website:
http://www.investopedia.com/

Google anything that has to do with the stock market. After a few months of just studying you should have started to come up with methods of trading.

It may take you a few tries to come up with a profitable method of trading. You should run your method by an experienced trader and see if he thinks it could work.

As far as using as little as $2K goes, when you're starting out you only want to be using a small amount of money so $2K is great for a beginner. When you feel like you're getting the hang of it you can start to use what's called a "margin" account. A margin account basically gives you more money to trade with than you actually have. If you have $2K in your account with a 2:1 margin account you'll have $4K to trade with.






Stories like that are a dime a dozen. 90% of people who attempt to do what I do for a living fail at it. If you hear that statistic and don't automatically say "well I feel sorry for the 90%" then trading isn't for you. Trading financial markets is not betting or gambling no matter what people say. Always think you will be the winner and that you'll come out on top. There are lots of people that succeed for decades but people choose to focus on the ones that last for a few years.



Gotta be honest here, i'm a little confused by your question. Could you rephrase it?

makes sense but where do you go to put money on stocks? have to make account on etrade or whatever?

[BillyJeanKing]

yep

open an account with any online broker

when you're ready to fund your account just transfer money from your bank account to your broker account.

[Cez★]

best one to use?

[BillyJeanKing]

mb trading...they let you have a real account and a demo account. It helps to use a demo account just to teach yourself how to place an order.

[Cez★]

ive been under the preconception that to do stock trading you always have to be checking out your shit. true?

[BillyJeanKing]

depends what kind of trader you would be

if you were a day trader (in an out of a stock within the same day) you would have to be at your computer for the duration of the trade.

if you were a position/swing trader (in and out of a stock in a few days) you could buy your stock at some point during the day and check it periodically throughout the day or not at all if you had trigger orders in place to buy or sell once a certain price was hit.

there's nothing wrong with being at your computer all day if you are a professional trader. people act as if its absurd to do that. If you're doing it right and making better money than at a traditional 9 to 5 then stop complaining. sitting down is the simplest thing you can do to make a dollar and some people don't even want to do that.

[Cez★]

awesome info kourke, but wait


what about average joses like me, who go to school and haz other jerb? would swing trading be good for me?

ill try and use me gov taxis and use that to start off

[BillyJeanKing]

yeah swing trading would be your best bet

[Cez★]

ewok style swangin?

[stonehenge]

ewok prob be good swing trader, has swinger experience

edit: autoupdate fail pero for same thoughts

[theholycow]

Originally Posted by KOURKE

there's nothing wrong with being at your computer all day if you are a professional trader. people act as if its absurd to do that. If you're doing it right and making better money than at a traditional 9 to 5 then stop complaining. sitting down is trhe simplest thing you can do to make a dollar and some people don't even want to do that.

I sit down at computer all day anyway.

[fatkidkustomz]

Originally Posted by Juan!

ewok prob be good swing trader, has swinger experience

edit: autoupdate fail pero for same thoughts

Did someone say swinger? That reminds me... I need to share my swinger story with you guys one day. It was pretty epic.

[stonehenge]

Pls hijack ewoks thread kthx

Sent from my Galaxy Nexus

[fatkidkustomz]

Originally Posted by Juan!

Pls hijack ewoks thread kthx

Sent from my Galaxy Nexus

Noted. Continue financial advice....

[Cez★]

when would i be seeing le monies off my stawx?

[BillyJeanKing]

As soon as you realize trading stocks is a skill that takes time to learn. I hear people say things like that all the time. Its always "how much?". People are stupid

If you want to be successful at trading put all the thoughts of "how much?" in the back of your mind.

Michael Jordan didn't pick up a basketball for the first time, dribble it a few times, then ask his coach "can I go play in the NBA now?"

[stonehenge]

forgive cez, arson and murders came natural to him, didn't need practice, so he's a bit spoiled