I'm new to stocks - Page 2

Dammit! Well...I got a crystal ball. I found out later it was actually cubic zircona though.

I bought it, and the day trading one, funny thing is, in one of them they talk about the housing bubble collapse and how it will hit us hard. Then they go into the Credit Card debt that is out there (44 trillion) and what will happen if that goes into default, considering that housing had 3 trillion wrapped up in it.

That will be the next leg down after the commercial real estate collapse. Look to a lot of the malls and strip centers to fold.

if I remember correctly, someone said 30day range for results which was wrong due to the press release for GNTA. The news actually said that it would be in within the quarter. So I simply for the news release underlined a few things and posted it, I didnt qoute the person who said their was a 30day "range."

check GNTA it happened today page 510 screen name Holding posted the 30day thing alittle misinformation. my post was on pg 511.

try to ignore holding on that one, he is pumping his brains out with GNTA.

^^^ there's no way jaz can come up with somehting for that...

I have become too predictable!

These other guys have tried it about 50 times. Eventually you get it right. Me included. (no not right yet) Most of the 500-10k threads rise from lack of self discipline the first 10 times. The ones who make it fade away typically and arent heard from again. this leads most to begin to wonder if they were ever real in their trading endevours. The market is allot like a 80 year old man looking abck at his life. Full of regrets but nothing he can do about them now. One day you have goals, chances to make it and in the end we can't run from what we are.

Its not the goal one should keep in mind but the rules that helps one to arise to the goal one hopes to acheive. We can wish to make 30k every day but if you dont watch where your coins are now keeping an eye on the horizon will only lead to blindness in the morning light.

Read stop and learn. The market will eat your 250 dollars for breakfast. Only 3 things will come of your penny or investing with 250.

1) you invest it and lose it

2) since you lost it you invest more and look back 30k in the hole and wonder what the hell went wrong

3) you hit it big and get to your 30k only to lose it because the speed in which you rose to the top did not allow you the screen time needed to actually stay there.

In the end only one path will lead to sucess and unfortuanately thats treating trading like going to college. Be prepared to be in debt once you graduate. Only then can you have the tools needed to make it. But unfortunately you are starting in a deficeit.

Just imo

Tim

First let me say I am nooo way an expert and I am a beginner just like you.

I was in your position a few weeks ago. Started with about $200. You can get lucky with volatile penny stocks and turn that into $1k + but you can also risk it all. I listened to some people on here and got some more cash.

For me I am willing to risk it all on penny stocks, but I make sure I choose wisely and do plenty of research before I buy. For example with Obama about to sign a EO lifting the ban on stem cell research, stem cell stock would be great to get it. I am in SCLL. Another one is GNTA. They have 3 late stage drug trials going. Again both of these could hit rock bottom but the odds are my way.

Do your research and get some more cash and you should be good to go.

Trigger_this

did you check my earlier post?

that 250 you have how are you going to invest it? Find one stock maybe two. Break that 250 apart into whatever you want but do you pay to trade? , with the first two buy orders small (20-40). to have a seat in the market. average up or down with (20-50), treat it like a number game.

this is the thing 250 there isnt much loss you can take. So you really need to know where to buy a "stable'' level where the price shouldnt drop much at all. if it does the percent you can lose is 6-10% and still be in the game, your not working with much. but its not to say it cant be done.

THe company I use to trade wont let me put a trigger on these penny stocks, so if im at work and it tanks i may not know. But i call for real time qoutes.

where you going to put it, stem cells is what is hot? oil, energy, metals, etc?
know how to find the bottom buy there, with volume, and when is news going to be released? is the company legit? lots of blanks need to be filled before you place that buy order. dont feel like your missing out today or tomorrow in the market, take a few weeks follow a few companies and education yourself!! better to be safe no than regret it tomorrow

Commissions fees will kill you if you turn profit in a trade or start or start with higher capital like $10K.

Why don't you just trade virtually for a while?

That's why you should wait learn what you can and save up some more money.

Well, that's pretty much gambling. Not that there's anything wrong with that, but most assuredly you will lose the money. Is that 100% guaranteed? No. You might get lucky. I mean, given enough chances odds will eventually allow a blindfolded man to hit a bullseye with a dart, so anything is possible.

or wait

learn how to use a stock screener.....so you can start seeing a trend in stocks may pop.....combined with Level 2 qoutes and how to read charts with indicators.

really I wouldnt start trading until youve spent a good 10-15 or 20 hours learning alittle

the market isnt going anywhere

the stock that are boosted about on here are the ones of today, alittle studyin you'll be more comfortable to enter the market where/when you want to. finding the stock that may pop tomorrow

seriously why would you want to start like most of us, the hard way and lose

why start with bad habits???


$hit I wish I would have found this site when I first started. I didnt start making money until I started learning and had confidence to trade. I still have alot to learn and havent reached my target for the month yet, because I still have more to learn!!! learn!!!

Yes it is...down

Yeah true, but AWEC was up 15.70% today tho