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I'm new to stocks

post #1 of 54
2/23/09 at 2:16am
Thread Starter 
I think I have enough common sense to realize that the way the economy is right now the stock market is a great place to be looking for investment...

I mean one of the most recognized sayings ever is "Buy low, Sell High" and our economy is low right now and it will surely be 'high' again...

but I am very new and I have no clue what im doing at all... I'm looking to make like 10,000 to 25,000 (to pay off some debt) in the course of 1-3 years if that's possible... but I only have about 250 dollars to spend...

Any tips would be awesome, any great tutorials would be awesome...

Me personally I would think investing in a huge corporation that has always been on top but is now kinda rock bottom because of the recession would be the best place to put my money(like bank of america the biggest bank chain in the world, how would they go out of business? they have to go back up sometime)... but everyone tells me because I don't have alot to spend I would be wasting my money...

Tell me if I have the formula right...

If i bought BAC at 4.00 a share with 100$ that would be
100 divided by 4 = 25
(and say they returned to their former glory at 40$ a share) that would be
40 - 4 = 36 then
25 X 36 = 900$

as more secure as that is than a PENNY PENNY stock it doesn't sound as appealing as

if i bought LDHL at .4 a share with 100$ that would be
100 divided by .04 = 2500
(and say they made it just only 1.00 a share)
1 - .04 = 0.96
2500 X .96 = 2400

So, basically I'm asking is LDHL a good place to buy stock from?
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post #2 of 54
2/23/09 at 2:27am

math

in your bac example you have it running up 900%

in your ldhl example you have it up to 2400%

not quite equal comparisons
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post #3 of 54
2/23/09 at 2:39am
Common sense should also tell you turning $250 into $25,000 is an unrealistic goal.

If you are interested in investing read, watch, and save up some money.
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post #4 of 54
2/23/09 at 2:50am
Thread Starter 
It's equal comparison in how much money I put into them... of course the percents will be different... BAC is one of the biggest corporations around the other is a penny penny stock.

I see these other guys (reading, watching) turning 500 into 500,000...
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post #5 of 54
2/23/09 at 2:57am
"course the percents will be different"...^^^

why would the % be different because you say so

if stock A is going up 900% and stock b is going up 2400%...is your question which one to get in???
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post #6 of 54
2/23/09 at 3:03am
http://www.hotstockmarket.com/forums...splay.php?f=47


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post #7 of 54
2/23/09 at 3:09am
Quote:
Originally Posted by trigger_this View Post
If i bought BAC at 4.00 a share with 100$ that would be
100 divided by 4 = 25
(and say they returned to their former glory at 40$ a share) that would be
40 - 4 = 36 then
25 X 36 = 900$
I thought their glory day was two weeks ago at 7

BAC is going to need a hail mary to get back to 40
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post #8 of 54
2/23/09 at 3:13am
I to am VERY new at this, (less than 3 months). I started my acct with SCOTTRADE for $7500.00. One of the first things I did was RUN BLIND, looked at solid companys and compared the highs and lows (STUPID MISTAKE) without doing any DD whatsoever! In less than 2 months time I had dropped around 30% of my acct value. I also fell for the pump and dump e-mails. I changed my strategy and luckily found this forum. Now when I buy and I see a return I dont get greedy, lately if I see 10% (after in-out commissions) I think seriously about selling. I am not giving you advice, just my experiences. My acct is now in the positive even though I'm HEAVILY invested in a bank stock. READ-RESEARCH-STUDY-ASK QUESTIONS. I've learned (and STILL am) not to fall in love with my stocks. I'd much rather cash out early with a small gain than hold and hope they will ever come back up!!! GOOD LUCK and be VERY careful!!
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post #9 of 54
2/23/09 at 3:16am
theres no rule saying that all these financials/stocks have to go up back to their highs . wat if 10 dollars is the new standard "high" for BAC.

i dont know much about the market . but do the majority of people believe that all of these stocks will eventually go back up to those highs within 20 years? cuz if so . buying ANY stock would be an amazing investment

i just think that the standards are now way lower and believe that some/most of these stocks may never even see those levels again . .

is that safe to say
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post #10 of 54
2/23/09 at 3:17am
Quote:
Originally Posted by kevin1612 View Post
HEYY I resemble that book, and really need to buy it. Maybe the folks at BGP can help me out!!
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post #11 of 54
2/23/09 at 3:34am
Quote:
Originally Posted by Crazed98 View Post
Common sense should also tell you turning $250 into $25,000 is an unrealistic goal.
True, yet mathematical truth reveals that by entering the market with $1000, one need double that amount only 10 times to reach $1,000,000.
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post #12 of 54
2/23/09 at 3:35am
Quote:
Originally Posted by The Daleks View Post
True, yet mathematical truth reveals that by entering the market with $1000, one need double that amount only 10 times to reach $1,000,000.
Have you done it?
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post #13 of 54
2/23/09 at 3:38am
Quote:
Originally Posted by mmm...Jaz View Post
Have you done it?
I will.....just gimme a couple of years!
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post #14 of 54
2/23/09 at 3:39am
math shows you anything is possible...

common sense tells you how likely it is...
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post #15 of 54
2/23/09 at 3:39am
emotion trumps mathematical truth everytime..hmmm maybe trading on mega doses of prozac is the answer
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post #16 of 54
2/23/09 at 3:39am
Trigger_this do you see the Narcissism within a few of these folks??

They bashed me for adding news to a thread, how funny is that?

Check it out, go to Forum Jump @ the bottom of the page and click on Market Education. There are some good tatorials in there! Also, go to stockmarketmentor.com and there are some good videos that will help too, you dont need to become a member to watch or become part of the mailing list.

check http://www.thethirddimension.net/sto...ennystock.html for a basic understanding for stock screening. Use stockfetcher.com for a free stock screening tool if you dont want to sign on to your trading account.

also check www.investopedia.com for stock picking.

besides that this website is informative because some of these folk (not me) have been around the way for sometime AND for the most part these threads for stocks are awesome because its not a pump and dump type of thing, just folks talking about what they think or hope for. Dont follow those alerts from hotpennystock.com etc because its massed emailed and if you dont sell fast enough than your fuc%ed.

advise : check some of these stocks charts, news and compare. Learn as much as you can so you feel comfortable. Never fall in love with one stock because theres always another. better yet watch this video http://www.stockmarketmentor.com/public/1609.cfm?sd=27

good luck to you
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post #17 of 54
2/23/09 at 3:40am
Quote:
Originally Posted by The Daleks View Post
I will.....just gimme a couple of years!
More experienced people with better TA knowledge than you have tried...
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post #18 of 54
2/23/09 at 3:42am
Quote:
Originally Posted by Times5 View Post
They bashed me for adding news to a thread, how funny is that?
Why were you bashed for posting news?
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post #19 of 54
2/23/09 at 3:42am
Quote:
Originally Posted by Times5 View Post

some good tatorials in there!
there are some good tutorials also
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post #20 of 54
2/23/09 at 3:46am
Quote:
Originally Posted by mmm...Jaz View Post
More experienced people with better TA knowledge than you have tried...
Of course.......but are they psychic?
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