Anyone into Stocks/Trading etc..?

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I have a small account with around $10k in a lomg-term investment. I just bought around 50 shares 15 years ago and they sit there. I never touch it or look till recently.
Well, decided to install the broker app and spend around $1k to see what happens.
Dropped around $800 into one of those 'weed stocks' and $250 in Activision..I figured its CoD time so let's see what happens.

Also been messing with the app. Robin Hood. Nothing seriously, just $50 trying to learn the ropes and toying with penny stocks.
It's kinda like gambling. Maybe drop $50 in a month in the hope I make $60 by the end lol
Bought like 30 shares of a .23 stock today and I'm up like 23%, might make like 10 cents today!! Lol

Still so much to learn. Try to read sub-reddits and lots of words I dont know lol

So anyone? Wanna discuss? Try to teach one another? Etc..

My buddy is in the same boat as me, has no idea about this stuff. So we did the 'Invite a friend to Robin Hood and get a Free Stock!' thing.
We both got Chesapeke Energy...no Facebook :(
Hes only using $10 a week and just spent it all on AMMA (Belator MMA)
Were just both having a little fun, hoping to make a dollar or 2 a week...or lose it all! Lol

Anyone up for trading Robinhood Invites also let's do it! See what free stock we get!
 
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I follow the market closely but I don't day trade. I bought 10 shares of Amazon and Ali Baba a couple years ago that I've just been letting ride, and those are the only individual stocks I own that aren't tied to my place of employment. Vast majority of my investments are in funds tracking various markets/indexes in my 401k and Roth IRA.
 
With the recent tumbles, I'm down a bit this year - I generally buy to hold long, but will sell off a bunch and rebalance my portfolio at year's end, to some extent for tax purposes.

Since this year I earned a little too much, I might do a significant sell off more so than usual come Dec.
 
Was just pointed in this direction and was looking to get some experience doing this. The biggest suggestion is to get penny stocks and work them till I grow the stones to drop a big chunk of money? I feel like dropping anywhere from 250-800 on a bigger stock but I don't know what I am truly doing and only follow news trends. Halp
 
I did it on Royal Mail many years ago and got 2/3 of my investment back on top.

I want to invest in Sega but unsure if you can that on the London Stock Exchange being a foresign company. Arw the divisions included when they are on the Market? (I.e: SEGA Europe representing SEGA Sammy on the LSE?)
 
manfestival said:
Was just pointed in this direction and was looking to get some experience doing this. The biggest suggestion is to get penny stocks and work them till I grow the stones to drop a big chunk of money? I feel like dropping anywhere from 250-800 on a bigger stock but I don't know what I am truly doing and only follow news trends. Halp
Click to expand...

What is your goal?
 
greyshark said:
What is your goal?
Click to expand...
I always felt like my attention to detail has always been useful in staying ahead of things. I want to try stocks on a smaller scale and see if that is worth my time. If it is then I will graduate into being a serious investor aiming for an average of 10% returns.
 
manfestival said:
I always felt like my attention to detail has always been useful in staying ahead of things. I want to try stocks on a smaller scale and see if that is worth my time. If it is then I will graduate into being a serious investor aiming for an average of 10% returns.
Click to expand...

Trading penny stocks won't be the same experience as trading "real" stocks - penny stocks are generally much riskier investments. If you are thinking about becoming a serious investor, think about what you're trying to accomplish. Is this for retirement? Extra money on the side? A vehicle to help you get to a large future purchase like a house? The answers to questions like that will dictate things like your risk tolerance.

Once you have a good understanding about your financial targets and what you're willing to risk, that will help guide which kind of investments you want to make.
 
How much can knowledge influence your hit rate? Or is it more a matter of risk and luck
 
Yeah, I started buying stocks last year. Was a long held plan of mine (I'm German, so I'm kind of an outlier there) but I had to wait until I had enough "disposable" cash that won't break the bank if I lose (all) of it.

Just learning by doing atm.

The one thing I already learned over the recent months is: Nobody knows anything, really. Especially so called "analysts". This whole thing is just a huge gamble and the more money you have, the easier it is to make more - obviously.
 
A coworker told me about Robinhood and I tested the waters with some small stock purchases. Bought some Square stock back in 2017 and sold it last Oct/Nov and made a decent chunk of change. Was enough to build a new PC with. Still holding onto some AMD stock and seeing where this ride is going to take me. As of right now: I'm treating it as a way to invest for a year or two and sell it for some extra cash.
 
Cunth said:
How much can knowledge influence your hit rate? Or is it more a matter of risk and luck
Click to expand...

It's a skill like anything else. Would you let a doctor that hasn't studied anything do a heart bypass? Of course not, so to get good you need to start somewhere and learn.

Managing risk and placing yourself in favourable positions is part of it. There is no such thing as luck.

The problem today is the brokers allow new traders to borrow a lot of capital. This encourages "spinning the wheel" to get big gains through one shot trades. In one shot you can hit a big winner but more likely you will get it wrong and lose everything in your account. Brokers offer new traders too much "leverage".

Trading is about scanning and reading charts, understanding both scenarios (up and down) then placing many low risk, small trades.

"Be patient with your winners and impatient with your losers." - Cut your losses early and let your winners ride.
 
greyshark said:
Trading penny stocks won't be the same experience as trading "real" stocks - penny stocks are generally much riskier investments. If you are thinking about becoming a serious investor, think about what you're trying to accomplish. Is this for retirement? Extra money on the side? A vehicle to help you get to a large future purchase like a house? The answers to questions like that will dictate things like your risk tolerance.

Once you have a good understanding about your financial targets and what you're willing to risk, that will help guide which kind of investments you want to make.
Click to expand...
Great question. I only assumed penny stocks were more worth my time to get involved at a lower level without putting too much at stake. I dropped $150 into different stocks yesterday just to test the waters. Most of my money is in whole note investing and effectively tied up. I would ultimately like build a portfolio of multifamily properties but I gotta start with 1 so that is the big goal.
 
Great thread. I'm also beginning to learn the basics of finance and economy; including stock trading and shares market. This specifically the type of thing where you need to know what you're doing before pouring money into it.

I remember at the beginning of 2018, I was thinking of buying some of EA's stocks (but they were at a high price) after examination of their history...Growth was stable but they fell down to 85$ per stock and while I feel like buying now, there's no predicting if it'll ever reach back in the 160$ peak they once had this decade.

Knowing what companies willl produce in the next year helps a lot.

I'm Canadian though so I'm never sure what broker I should use (stock exchange platform?) for bigger enterprises. Can Canadians use american brokers?
 
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- Start with Robin Hood for a broker, trades are free.
- Graduate to TD Amertrade, their ThinkOrSwim platform is a video game
- Buy a popular stock, on a dip (just scan the daily chart for the trading range), buy low - sell high

"swing trade" with a few weeks / months time horizon.

Do that for a year or so, popular big-name companies that can't possibly die. Learn indicators and charts, sentiment and what moves a market.

In a decade you'll double your income yearly, easily, if you keep at it.

See the peaks and valleys? short the top, long the bottom, stop out when a level breaks, and re-assess.


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