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 What is the best way to invest inheritance money?
My mother just died from cancer last Sunday, and I am the primary executor of her will. In total (savings, bonds, insurance pension) should be about 1.5 mil. I am currently a Freshman in college, owe ...


 In the current climate, where would be the best place to invest £15,000?
Is there anything slightly different or risky that would be worth investing in at the minute such as gold, art etc?
Cheers....


 How should I invest $5,000-$6,000?
I'm only 18, so I don't know much about stocks. If it is worth it though, I am willing to learn them as I'm going into the Business field. To clear the most common question up, I am ...


 I want to know about getting started with stock?
I want to spend a very small amount on stock to get started. Where can I do this? Is a small amount worth messing with? Email or IM if you know alot about this....


 Which stocks should I buy?!?
I've been doing stocks since I was 11 and I'm 15 now and I have like 200$ again so which stocks should I buy? my friend says google but aren't they already really high?!

Any ...


 Which is the best form of investment?
I want to start investing half my salary for future use. But I have no clue about where to invest. Can someone help me out by providing some details?...


 I bought 100 shares of AMAT and its declining should i sell it?
...


 I want to invest $5000 dollars in something good, what is out there yu know about? hlp me, thanks?
I want to invest about 5000 dollars, is there anything yu know where i can get some quick money in..
and one more last thing.. what banks have the highest interest for CDs?, cuz i want to open ...


 I have four children that I want to start investments for. What do you think is better Ira's or mutual funds?
The kids ages range from two threw ten....


 If you had 500 dollars, what would you invest it in?
I have 1000 dollars but i only want to invest 500. what should i put it in and how do i go about doing that? i'm only 22...


 My husband's retirement account is losing money. What can we do to turn that around?
We don't know anything about investing or trading stocks, so we're in the dark here. My husband's company invests all the money for us in different stocks. We are allowed to invest or ...


 Where i will get information about technical analysis of stock market& interpretation of indicators?
...


 IS THERE SOMEONE WHO IS REALLY INTERESTED TO MAKE US$3000/ DAY IN Real Life.?
ITS 100% FOOL PROOF AND AND OFFCOURSE ITS NOT A DREAM SELLING, ITS A DAY DREAM WHICH COME TRUE IN YOUR LIFE, IF INTERESTED PLEASE REPLY WITH YOUR COMPLETE DETAILS. YOU MAY BE FROM ANY PART OF THE WORL...


 Which should I do first, an IRA or stocks?
Or mutual funds?

I go some money and have no investements of any sort. What's the most productive way to start out?
I'm young....


 How would you prepare for a massive stock market crash?
You have 5 years advanced warning of a huge stock market crash. What steps would you take to make sure that you save everything you have invested? Would you buy antiques or gold? Would you avoid ...


 Stock Market vs Poker?
How is the stock market in comparison to playing High Stakes Poker. I used to play high stakes poker and I am used to the ups, and downs of winning big, and losing big. Would the transition to the S...


 I save $1500/month, I want to invest it, what do you think is the best investment ?
...


 Have you ever had a fake banknote? What made you realise it was fake?
(Am writing a dissertation on counterfeit banknotes and researching the field...)...


 Help me invest wisely?
I can invest Rs 4000 every month for the next 8 months,
I plan buying a good laptop(approx Rs 55,000) next year, with this investment.
no doubt I'll have to pump in extra cash when I ...


 I have $150,000. where should I invest it?
Hello,

I just sold one of my homes and now I have $150,000. to invest.. my question is where should I invest it.. what bank has the highest paying CD's ... should I put it in a ...



z l
Can you make a living by trading stocks?
thanks
                     
 




John C
Rating
Yes, it's entirely possible to make a living trading stocks in the stock market. How do you do this?

1. Study the market to figure out what are the most important factors in stock price. You'd be surprised to figure out that it's not necessarily what you originally thought.

2. Develop, or use, a trading system with an overall positive expectancy (ie net gains $ > net losses $). Remember the biggest key to successful trading is controlling your losses (accept that losses will happen, and prepare for them).

3. Practice with real money. Ideally, it's with an amount of money you can afford to lose first. You will need a primary source of income while you are learning and practicing.

4. Accurately figure out your monthly profits (% and $). If it isn't at least a consistent 1% per month, you should not be in the game. There are a bunch of dividend stocks that pay around this much, consistently. If you can't beat the return of these dividend stocks, don't trade, invest.

5. After you have developed a track record of consistent earnings by trading stocks, then start scaling up your risk capital (increase the amount of money you are trading with) so that the results can match or beat your primary income.

6. Spend the next few months trading with this additional capital to make certain your earnings are what you expect them to be. If they are, you are free to begin trading exclusively as your primary source of income.

Stock trading is not the easiest way to make a living, and only a small percentage of people who try are consistently successful, but it is rewarding. Do your homework and your legwork, approach it with discipline, and you might just find you're one of the few...


Dean A
Rating
it takes a lot of money to ever get enough stocks to make a decent living, and even more luck


Wicked Mickey
Rating
Of course, but beware there is truth in the old addage: "How do you make a small fortune in the market? Start with a large one." Best to make a living doing other things first, or use other peoples' money.


Cocoabutta98
Rating
YES.. Its called a stock broker...


briefcandle
In general, no. The exception being if you are a professional trader and are being paid to trade OPM (other people's money).

The reason is simple, markets are surprisingly efficient. That is true because big money investors (insurance companies and pension funds) will just about kill themselves to eke out even small profits on a stock.

Ever see the TV commercial (I think it's by Royal Bank of Scotland) where the guy just wins an auction for a piece of art and then immediately tries to sell it for more? The guy looks silly, of course, as he just finished paying the market clearing price. That's a very good example of what I mean. When you buy a stock, you just paid the highest price of anyone then bidding on the stock. And that includes the smart money big investors who have teams of PHDs and high-priced MBAs analyzing the company's prospects.

Don't fool yourself. In an up market, making money in the stock market is like throwing darts at a beachball; it's hard to miss. So, I am sure that someone will chime in with how they made tons of money in the market this past year. That's because it's been an up market, plain and simple.

In a down market, it is just the opposite. You better be throwing bullseyes. And if anyone says that they can predict an up market, just ask yourself, "why on earth would they be sharing that with me when they could be making tens of millions with Goldman Sachs or Morgan Stanley?"

I'll end this with a wonderful aphorism by Warren Buffet, "When you sit down at a table to play poker, if you can't tell within two minutes who the dummy is, well, then you know for sure." ;-)


sirtitan45
Rating
Yes you can, but I don't think it should be done full time (unless you have a million shares of a stock like GE and write out of the money covered calls on a monthly basis on top of collecting the dividend).

It takes alot of research, I mean tons!

I would also like to comment on a previous answer, particularly: "The reason is simple, markets are surprisingly efficient. That is true because big money investors (insurance companies and pension funds) will just about kill themselves to eke out even small profits on a stock." - This is not true. As an example

Markets in my opinion are not efficient. They will at many times over and under estimate the true value of a company. Why do you think Buffet got so rich? Even if he didn't start with $100k that his friends and family gave him to invest, he still would of made it.


whatever
Rating
It's not easy to be a day trader, but it's do-able. You make faster money (and larger profits) when you trade options (rather than stocks) but options are much more riskier. You should make sure you have a nice cushion of savings to fall back on and you should educate yourself before you jump into it, hopefully to minimize the mistakes you could possibly make.


Slog
Yes. Yes, you can.


King Kong Jr.
If you're on the top, manipulating them...yes. If you're a common jerk, you better talk to your wife.


ganesh n
Rating
yes,you can


Herschel K
Yes, easy. Just buy low and sell high.


barry_robbins_98
Rating
Sure. But first you need to figure out how much you need to make. if you need $50,000, then you should only expect to make 10% on your initial money. so you should have $500,000 in investable money, at least.

you are going to need to do a lot of research. you should read 'The Little Book that Beats the Market', and probably a lot of other investing books, if you are going to do this fulltime. If you don't want to do this work, you probably won't be successful as an investor.

For investing ideas, you can see what the best investors are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.


Frank Castle
Yes.


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