 How should I invest my money as an undeducated 25 year old? |
| So before you give me an answer I'll give you a little bit of background. I'm a 25 year old who has been investing through a broker for the past 4 years. I want to take more control and ... |
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I just want to do something that will get me a lot of money other than jobs, mainly because a job is not an option. I just want to save and get a lot of money somehow...
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buy a t shirt for fifteen quid, each t shirt has a serial number,
draw to take place like the lottery, one day , one t shirt, one million pounds to the winner
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| I have not been panicking until now. What if I lose my entire retirement account? I have $588,000 left. I have good stocks and I am diversified. I am 58 and rely on this money to say in my home. ... |
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Danny R | Whats the best way to start trading stocks online? |
I just opened an accout with TD Ameritrade, 9.99 a trade. And would like some help with tips on how to get started.
THANK YOU |
 |
 
waldguy
 |
You first have to decide whether you're going to prefer short term trading or long term investing.
If you want to go longer term, you'll need to focus primarily on the fundamental analysis of a stock -- earnings, cash flow, return on investment, book value, etc. It pays to know something about that anyway for shorter term plays. Take books out that model Warren Buffet, or Peter Cundill.
If you intend to go shorter term "swing trading", you need to know some level of technical analysis. There's all kind of books out there on that, but a good one is "Technical Analysis for Dummies", believe it or not.
Day trading is only for the most experienced, level-headed technicians out there. 10% feed off of 90% of the others who think they can beat the pros.
REALLY, don't invest a penny until your knowledge of these things is reasonable. Start with larger, more predictable stocks with good earnings if you're going longer term. Investing in penny stocks is usually a way for most amateurs to go bust real fast.
Other decent web sites to give you a start are these:
http://www.zacks.com
http://moneycentral.msn.com/home.asp
http://money.cnn.com
http://investors.com - famous for the CANSLIM system.
http://freetradingvideos.com |
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CONJ
 |
The best way to start trading stocks online is to not trade them at all, at first. I'm assuming you're new to the market, own no stock as of now or do but it is not controlled by you directly. What I did when I got started was just read for weeks about the basics of making orders, the many different types of orders and how to utilize, how to read and interpret all the information that these online brokers provide you. While you're doing this initial studying, try a fantasy market, like wallstreetsurvivor.com (or anything like that), just to get used to making orders, and seeing actual results from your trading. Then as you feel comfortable, start doing serious research into the market, like what industries are doing well, the companies in those industries, which ones are consistantly meeting/beating their earnings, generating cash flow. Since you're new, you're probably not going to want to invest too much (which is relative) at first, and look for lower risk, longer term positions. Many peolple get all excited about how much money they COULD make, get hot headed, hear good news about a company, aren't experienced enough to interpret it, buy into it, and wonder why a couple weeks later the stock is down 20%.
After I did all my research, I began making short term investments, turning small profit overall, but I soon realized that the best investment for me was to find companies that were stable with good earnings, where I used technical analysis to find a good time to buy. I'm up 20% on the combined three stocks I currently own, in just 3 months, and I only just started 4.5 months ago.
Just remember, you have a lifetime to make money, but it only takes one bad/hasty trade to lose it. Small steps.
PS- stay away from small cap companies (usually ones lower than $5 per share) aka penny stocks, as these are a sure fire way for beginners to lose money fast. |
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raysor
 |
The best way to learn to trade is to trade. Just start small.This will focus your mind and keep you interested.
You will probably do just as well if you just stick a pin in the list of stocks quoted. |
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Frank Johns
 |
Basic self evaluation:
1) How much you put in the account.
2) What is the portfolio percentage you like most to establish your return. IE. 30% mutual fund and 70% stock.
3) do your research of the stock pick
a) what is the industry you prefer or most active in the market.
b) the expected rate of return based on your risk prefernece.
4) reading:
a) go to the stock you pick. Chech its 10-K report.
b) reviewing its financials.
c) Read the book " The intelligent Investor" by Beniamin Graham.
5) even you identify certain stock, becareful to note the stock's daily volume.
6) set up you bid limit
7) marked the sale range price. |
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Ryan M
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Don't rush into ANY position. Do your homework and know WHY you like a stock, not just because it is going up (or so you think)! And if you in for the long-term....turn off your TV and don't react based on what you hear on TV. |
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rjkdlsjllsdj
|
write down the names of the company you know and their trading symbol on a 8-1/2 by 11 paper and paste it on the wall.
throw a dart at it, the one it lands on, buy it. After you buy it, Once a day when the market closes, check the price of the stock. If it up 5% within a week, sell it the next morning at or above that price. You then be done for the rest of the month, quarter or year, because you just beat the banks return.
Oh, by the way, that is a short term gain and it will be taxed at your bracket.
You don't have to trade a lot. Just once in awhile when people are sad or excited about their portfolio. The rule of the game is. set realistic expectation in every trade(before you trade). Stick with that goal and DON'T BE GREEDY.
GL. |
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brckr1
|
read the paper or watch the news to see what wealthy investors are doing. Today on Yahoo, Texas Billionare, Boone Pickens announced he is building a wind farm and spending 10 billion of his money to do so inorder to turn a profit.....that turns peoples heads....buy into alternative energy sources while the stock is still under a dollar/share and in afew years you will see a big change....GRGR.PK on the NYSE, APV.TO, SBX.V and TMG.V on the TSX to name only afew...check them out......and as the person above me stated...just trade..but do some research first...trade..and then watch and stick with it... |
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richard t
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first read a couple of books,fundamental analysis and technical analysis.........
then paper trade for 6 months..see what you do right and wrong....
the biggie is selling.............you have to sell your loosers, before they wipe you out...and you have to ride your winners.........not take the quickie profit..
use trailing stops...........or options...............see which you are comfortable with.........discipline and knowledge and you can make a lot of money.without it...you can loose a lot of money...good luck......... |
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src50
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You're doing it backwards. You need to learn about stock investing before you start trying it. |
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outbackroo
 |
define your interests and read/listen to economic changes, then do some research via yahoofinance, morningstar, or other financial sites. Think about the surrounding aspects of your interests for example, you believe CAT is going to go up for what ever reason then you should also look at CMI who makes the engines. Start reading the economist, wallstreet journal, watch CNBC in the morning, watch some of Jim Cramer mad money, get educated on terminology in the field of finance |
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Keith
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Charles Schwab wrote a book called, "How To Be Your Own Stock Broker". He shows you how you can do better on your own. |
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yoginath s
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pick up few stocks for study...watch and observe the price movements....watch market movement with current affairs on all front...co-relate the movements of the stocks picked by u with market ,overall,then u wll be bit confident with the price movement of perticular stock...u can easily tap these movements..... |
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Ron Berue
|
You have LOTS of answers. Here's another one:
Investigate the different investments you have available to you. Make THE BEST investment you can: Invest THE TIME to educate yourself. Once you have that knowledge, no one can ever take it away.
In the beginning “newbie” traders & investors DO NOT INVEST any money. It probably won’t be long when you’ll feel you’re ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in.
You should LEARN HOW:
A] the stock market works. B] to invest in many, many various ways. C] to properly trade
D] Properly manage the money in your trading account.
"Newbie" investors & traders ALWAYS make mistakes. In fact, throughout a person's trading, he/she makes mistakes.
In the beginning, you READ & LEARN about the market & how it works: Read "Investing for Dummies" As you read & do research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before.
http://investopedia.com is a free site. It’s recognized by Y! A as a "Featured Knowledge Partner".
You can usually find excellent, easy-to-understand definitions of many financial & investment terms by going to Investopedia’s dictionary.
It also has a free, paper trading platform. You can set up a virtual account & almost trade as though you were trading with real money.
http://finance.yahoo.com is also recognized by Y! A as a "Featured Knowledge Partner"
THIS IS NOT SPAM: I DO NOT know this man. I am not associated w/ him in any way. I know of him & the wonderful book he wrote. You should invest in a copy of
“The Richest Man in Babylon” by George S. Classon. You can get the book on http://amazon.com
Its easy to read & follow. You can write in it & make notes in it. Simply read five [5] pages of this book - or any book - each and every day.
OR You can leave it on the shelf, on a table or on the floor & let it collect dust.
A SIMPLER WAY TO TRADE:
This is what I learned about the stock market and trading:
1] I read a little about the overall market and how it works. I read about different aspects: mutual funds, currency, commodities, stocks and options.
2] I asked Qs of my coaches and mentors; suggestions were made to me.
3] THEN I read and studied about those areas which interested me.
4] I concentrated on those areas which interested me and which fit the amount we had to work with.
5A] For those strategies I felt comfortable with, I developed trading rules. For those strategies I didn't know anything about, I developed some trading rules.
5B] I discovered I only needed trading rules for 4 to 6 trading strategies.
6] Using those rules, I paper traded.
7] When trades went against me - when I lost money - I adjusted or "tweaked" those rules for that strategy.
8] I paper traded - again and some more.
9] I made further adjustments.
10] The actual trading account was opened:
As a speculator, with margin, with the approval to trade options.
11] Yes, it was VERY scary AND I was VERY apprehensive: BUT, I MADE THE BIG JUMP: Going "live" - in-the-market - with real money. I lost some money. NO ONE ever succeeds in each and every trade 100% of the time.
BUT I didn't use the entire amount of the account's money on one trade. I learned AND I lived to trade another day. AND I continue learning and living to trade other days.
AND YES, I STILL have a few losing trades.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name! |
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J S
|
Check out http://www.goldenbullstocks.com first and try there free pick |
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IwannaDoggy
|
First, decide what your goal is: long term investing or are you looking for shorter term returns? Then decide what you're willing to risk-markets have been crazy this year, so you need to bear that in mind during the ups and downs of the markets.
Research companies that interest you-small start ups like bioengineering companies may be priced low, but there is a higher risk-you can win big or lose big. Blue Chip stocks, like GE, have a higher stock price, but there is more stability. Look for companies that will be growing and have a low price to earnings ratio.
When you input your trades, use limit orders instead of market-that can help you tighten up your prices.
Have fun! |
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Jonny
|
I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.
If you are investing, you must have already achieved some degree of finalcial success, long term stock investing and/or FOREX can help you become much richer than you are today.
My experiences as a Nasdaq Market Maker, Head trader of brokerage firms, and currently as a professional trader
and private hedge fund manager, I can sugest you that:
We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.
Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.
Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.
For me "All stocks are equally worthless”
I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.
Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin… That´s why so many new traders (and investors) lose money.
Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the "First Hour" of the stock market's opening.
The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.
But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their
online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.
It's easy to see why trading the open is the market's prime time for profiting from other online traders.
The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.
Learn to trade as a professional Market Maker ,not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.
There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points
in minutes OTHER than during the first hour the stock market is open. That's why I love trading the open so much.
I trade only when I have an edge and that means "only the fisrt hour the market is open".
If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.
I can continue giving you a lot of advises about how to make money trading, but if you ask me:
"What is the best thing you can do for me or that I can do for myself?
Go to this "Top Secret" site and get the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen...
www.onehourtrading.com
After you review this site you won´t need a system, strategy, book, software or mentor to tell you what to do,
you will be able to profit HUGE evey day, picking your own stocks to trade.
Trade well,
Jonny |
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SG
|
most people have answered your basic questions already so I'll just give you an extra tidbit. If you keep over $5k in ameritrade (izone) you can make trades for 5 bucks look into it since 10 bucks a trade will eat at your returns fast. |
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Gennadiy K
|
Hey, well thats kinda a lot for a trade, well it normal but check out Zecco, its only $4.50 a trade and you get 10 FREE trades a month!
and they also have a forum for traders to share into, and different groups! So you can learn and ask questions there! :)
here is the link:
http://friends.zecco.com/r/64ab6a4a5f1a102b8555 |
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Formerly known as Frank Castle
|
I will help you for FREE. (I am a Portfolio Manager) |
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Bobbi
|
i recommend the book Rule #1 by Phil Town... i knew nothing about stocks before i read it and now i know what to look for. RIO is good and i just bought 1800 shares of IMDS, not a rule#1 stock but there is a good chance it will skyrocket in the future... google it. its going to replace the current boob squashing mammogram machine and it is $.05 a share right now. |
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