im new to stocks in need of help?
Stock Market Education
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Nov 6th, 2009, 02:23 PM
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#1
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HSM Newbie
Join Date: Nov 2009
Posts: 8
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im new to stocks in need of help?
I was told to get into the penny stocks to start out and see how stocks work. I wanna get into etrade or amaritrade . Just need help getting started.
ty 
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Nov 6th, 2009, 02:24 PM
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#2
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HSM Addict
Join Date: Dec 2008
Posts: 3,088
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Good luck!
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Nov 6th, 2009, 02:25 PM
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#3
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HSM Newbie
Join Date: Nov 2009
Posts: 8
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looking for a lil better reply than that lol.
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Nov 6th, 2009, 02:29 PM
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#4
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Moderator
Rank: Senior Analyst
Join Date: Oct 2006
Location: albany ny
Posts: 6,700
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Quote:
Originally Posted by newstocks
I was told to get into the penny stocks to start out and see how stocks work. I wanna get into etrade or amaritrade . Just need help getting started.
ty |
i would get a 2nd opinion on all of that... 
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Nov 6th, 2009, 02:30 PM
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#5
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HSM Newbie
Join Date: Jun 2009
Posts: 148
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http://www.hotstockmarket.com/forums...splay.php?f=59
Penny stocks are VERY risky. Are you ready to lose all the money you invest? If your answer is no then DO NOT start with penny stock, start with big name stocks, ie msft,ge,f,amzn,etc.
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Nov 6th, 2009, 02:41 PM
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#6
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HSM Newbie
Join Date: Nov 2009
Posts: 8
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Quote:
Originally Posted by tradex
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is this a joke? I was told by ppl who do stocks a lot. To do penny stocks tog et the idea of how stocks work and fluctuate. Lose all your money? there pennys for shares? LOL im 32 not 12. Whats the avg age on this forum? Hopefully i can get some more mature responses. Ty guys
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Nov 6th, 2009, 02:43 PM
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#7
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Moderator
Rank: Senior Analyst
Join Date: Oct 2006
Location: albany ny
Posts: 6,700
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Quote:
Originally Posted by kevin1612
i would get a 2nd opinion on all of that... |
no joke...penny's and such are the riskier of the stocks...generally for the more seasoned trader/investor...start safe ...not small... 
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Nov 6th, 2009, 02:44 PM
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#8
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HSM Addict
Join Date: Dec 2008
Posts: 3,088
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Quote:
Originally Posted by newstocks
looking for a lil better reply than that lol.
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Ask a better question. Oh wait.....ask at least one question!
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Nov 6th, 2009, 02:47 PM
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#9
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HSM Addict
Join Date: Dec 2008
Posts: 3,088
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Quote:
Originally Posted by newstocks
is this a joke? I was told by ppl who do stocks a lot. To do penny stocks tog et the idea of how stocks work and fluctuate. Lose all your money? there pennys for shares? LOL im 32 not 12. Whats the avg age on this forum? Hopefully i can get some more mature responses. Ty guys
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You're new here. Don't start off by being a jerk.
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Nov 6th, 2009, 02:51 PM
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#10
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HSM Addict
Rank: Stock God +(½)²
Join Date: Apr 2002
Posts: 15,936
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Quote:
Originally Posted by newstocks
is this a joke? I was told by ppl who do stocks a lot. To do penny stocks tog et the idea of how stocks work and fluctuate. Lose all your money? there pennys for shares? LOL im 32 not 12. Whats the avg age on this forum? Hopefully i can get some more mature responses. Ty guys
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You got an honest answer.
Penny stocks are the riskiest investments out there. Just because a stock trades at a few pennies does not mean it can not drop. Go read some educational threads, you will quickly learn what a reverse split is.
Who ever told you to get into penny stocks to learn the market is a moron.
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