Boiler Room: The Official Stock Market Discussion

morris

morris

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KidStranglehold said:
As a young blood becoming more and more independent I would really love for a wise poster who has succeeded in this to mentor me. :smile:

Been thinking about getting into investments and buying stock.
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Definitely not great in this though I have won and lost thousands in this investment game.

Wouldn't dare mentor but will give you some pointers in addition to my prior post.

(Pick a site like Investopedia AND subscribe to a YouTube channel that focuses strictly on stocks 101--> study before you invest a dime.)

Once you have invested your amount in your stock of choice make sure you SET YOUR TRIGGERS. This is vital as you con trolling how much you lose before you sell your shares (5-10% is a good range, but only you will know). This is imperative in order to minimize your loss and maximize your gains.

There'should so much more to learn, technical aspects (I have forgotten so much) but if you really want to get your feet wet and not lose much invest in the S&P 500. You won't make crazy gains but it is sort of like a CD with a much better return (as long as the markets don't dip heavily).

Remember to learn and use this experience as an adventure. Because if simply money is your sole gain, you're better off going to a casino or buying scratch-off tickets. The gains/loss feeling is much quicker.

Best wishes.
 
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morris said:
Definitely not great in this though I have won and lost thousands in this investment game.

Wouldn't dare mentor but will give you some pointers in addition to my prior post.

(Pick a site like Investopedia AND subscribe to a YouTube channel that focuses strictly on stocks 101--> study before you invest a dime.)

Once you have invested your amount in your stock of choice make sure you SET YOUR TRIGGERS. This is vital as you con trolling how much you lose before you sell your shares (5-10% is a good range, but only you will know). This is imperative in order to minimize your loss and maximize your gains.

There'should so much more to learn, technical aspects (I have forgotten so much) but if you really want to get your feet wet and not lose much invest in the S&P 500. You won't make crazy gains but it is sort of like a CD with a much better return (as long as the markets don't dip heavily).

Remember to learn and use this experience as an adventure. Because if simply money is your sole gain, you're better off going to a casino or buying scratch-off tickets. The gains/loss feeling is much quicker.

Best wishes.
Click to expand...
:ehh:

Thanks.
 
B

BucciMane

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KidStranglehold said:
As a young blood becoming more and more independent I would really love for a wise poster who has succeeded in this to mentor me. :smile:

Been thinking about getting into investments and buying stock.
Click to expand...

Don't invest with what you can't afford to lose.

You can make money quickly, but lose it ten times quicker.

It's a marathon, not a sprint.


Those are three rules I live by I regards to investing.
 
ill

ill

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Domingo Halliburton said:
fukk it....lets lower taxes and deregulate. I want the Dow at 20,000. Let's MAGA and repeal Dodd Frank.
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