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I'm New - 15 Years Old -

post #1 of 11
Thread Starter 
Hey guys I want to get into the stock market. I want to trade micro cap. How can I find the outstanding shares of a stock and anyone have any tips or advice?
post #2 of 11

1) Being 15 and wanting to get into the market? Great!!!

2) wanting to get into microcaps? Stupid!

 

Start reading the education section here, lots of vid and very informative threads which answer all of your questions.

 

Microcaps are fun, but they will separate you from your money faster than the latest pokemon game.

 

Learn about the big stuff first, then move to microcaps later on, not the other way around.

post #3 of 11
Thread Starter 
Everywhere that I read was telling me to do MC firs so I van make a bigger profit from my money.

Why do you say no?
post #4 of 11
Thread Starter 
Oh that's right. I have an account at zecco. They charge $4.50 per trade. So far so good.
post #5 of 11
Quote:
Originally Posted by DanDasilva View Post

Everywhere that I read was telling me to do MC firs so I van make a bigger profit from my money.

Why do you say no?


Microcap stocks are highly volatile, meaning they go up and down very fast.

 

Young guys like you only hear the "go up fast" part and ignore the "go down" part. The best way to figure this out is to try it.

 

If you look at the most successful traders here, they all trade the futures, options and large caps.

 

Penny stocks are for a gambling.

 

If you want to gamble a bit and try make a quick buck, go for it. The worst case scenario is you lose your money.

 

If you want to learn how to invest for the long term, get into the big stuff early on in your investing career.

 

post #6 of 11
Thread Starter 
Well I want to make this a career. I want to know where do I start?

Is it possible to make 10k per day on the stock market?

I know mostly about penny stocks. I don't know what options are or anything. SJ, you have an idea where I should go for some training to get me started?

Say I dump $1,000. I'm not asking for an exact (obviuosl nobody coul predict it) but if I told you here is $1,000 invest it for me.

What would YOUR return be? I say you have 24-48 hours...
post #7 of 11
Thread Starter 
Wait i was thinking. I'll totaly be honest. I don't really want to work for someone when I'm 18. I want to be financially free by the time I'm 18 where I can hav my own sports car and money isn't a problem. Help with granparents health bills buy parents new place to live.

Jus ge ride of all mom and dads debt. In 3 years if I play my cards right can that happen?
post #8 of 11

Dude, check the education section, its just one click away.. all your questions have already been answered there.

 

Check out the videos, its all there http://www.hotstockmarket.com/forum/list/60/stockjock-e-s-educational-videos

 

Its a long learning curve, you will not be committing real money into this for at least 6 months. Take your time.

 

post #9 of 11

I have not seen a system that can make you 10k a day unless you have a million dollar account, which most of us don't.
 

Quote:
Originally Posted by DanDasilva View Post



Is it possible to make 10k per day on the stock market?

 


 

post #10 of 11

I have not seen a system that can make you 10k a day unless you have a million dollar account, which most of us don't.
 

 

Most people would be VERY happy with an average of $200/day. 

 

Are you smoking weed? cool.gif

Quote:
Originally Posted by DanDasilva View Post



Is it possible to make 10k per day on the stock market?

 


 

post #11 of 11

^what they said!

 

You need to be a realist. Dreaming big only gives you big dreams. 

Working at it and studying (thinking) everyday will get you what you want. 

 

Trading is as much psychological as it is technical/fundamental. 

Focus on points per day, week and month rather than money. 

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