Boiler Room: The Official Stock Market Discussion

Domingo Halliburton

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For anyone asking about where to start if you're working look at their pension/ 401k plans first. You'll get your money professionally managed and usually companies will match.

If you want to go out on your own, I would recommend low cost etfs that track broad indexes. Something like SPY that tracks the s&p 500.

Another question you have to ask is do you want to invest (long term) or trade and try to make a buck by next Tuesday.

Edit: I know a lot of people have seen the recent upswing in stocks and want to get in. Watch yourself that you're not getting in at the top. If you want to trade on your own try simulations using fake money like wallstreetsurvivor.com and I think investopedia offers one.
 

Dusty Bake Activate

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Yeah you can cake off it. Its a low cost way to leverage yourself out. You got to remember they expire and you can lose the whole principal.

Yeah I'm gonna get into it. It's a good way to get into high cost share stocks for cheap and flip a good return. I know a couple of people who were getting it putting 3 month options on Apple and Google.
 

Hiphoplives4eva

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I been trying to educate this board on trading for the past few years yet it seems no one give a damn. Reagardless, i've made quite a bit of money over the years as well. Currently planning my european vacation with my winnings on Netflix and Nokia so far....:yes:

Pay closer attention if you want to eat like ya boy....:pachaha:
 

Domingo Halliburton

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I been trying to educate this board on trading for the past few years yet it seems no one give a damn. Reagardless, i've made quite a bit of money over the years as well. Currently planning my european vacation with my winnings on Netflix and Nokia so far....:yes:

Pay closer attention if you want to eat like ya boy....:pachaha:

Yeah nice call on nflx. I thought they were done. I might just start following Carl icahn into stocks the guy is on a tear
 

Julius Skrrvin

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Thanks @Domingo Halliburton. I do happen to have some cash sitting around that I plan on getting into, but for now I think its best to start with some good education and virtual trading first.
@VictorVonDoom fukk it, who cares. It's a vital part of personal finance in my opinion and if you arent at least attempting to make your capital grow in some way be it conservative or otherwise you're losing out.

:yeshrug:
 
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Dusty Bake Activate

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Anyone got a good introductory resource for this? I'm just 22, but its not too early to start building a portfolio along with my savings IMO :win:

EDIT: NVM, reading "Come into my trading room" now. :wow:

Sign for sharebuilder. They got good educational resources.

I just make an index fund of ETFs. If you want to actively trade...or day trade, which requires a lot of free time and research, you can use yahoo and google's finance sections, Motley Fool, or thestreet.com for advice.
 

Julius Skrrvin

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Started a virtual game, bought some in random stocks (:snoop: i know) just to see how theyd interact with the market over the next month:

Netflix, Exxon Mobil, DDD, Activision Blizzard, Transocean, and Samsung.

Not sure if theyre worth a shyt but i just wanna see how this plays out while I learn more about the overall game of investing.
 

No1

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Started a virtual game, bought some in random stocks (:snoop: i know) just to see how theyd interact with the market over the next month:

Netflix, Exxon Mobil, DDD, Activision Blizzard, Transocean, and Samsung.

Not sure if theyre worth a shyt but i just wanna see how this plays out while I learn more about the overall game of investing.

Let me know where, I want to do the same.
 

No1

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investopedia breh. i just joined a beginners game. the UI is pretty beginner friendly, nice customized ticker and everything.

The funny thing is I knew this stuff better back in 7th grade when we played the stock market game. Then we were all absent one day and some girl in our group invested in addidas while we were gone and we plummeted down the leaderboard :rudy:
 
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