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Help....Getting started buying individual stocks
- Thread starter JBob44
- Start date
Caveat emptor,
If you are going to dabble in stocks:
1 Have a strong stomach as some days you get the bull and some days the bull gets you. What is your risk tolerance you are willing to take.
2 Play/use money that you can afford to risk or park long term. Don't play with the rent money.
3 Research, research, research, and hope for the best. Remember that there are things outside of our control happening in the world.
4 Keep your winners and sell the dogs and try again.
If you are going to dabble in stocks:
1 Have a strong stomach as some days you get the bull and some days the bull gets you. What is your risk tolerance you are willing to take.
2 Play/use money that you can afford to risk or park long term. Don't play with the rent money.
3 Research, research, research, and hope for the best. Remember that there are things outside of our control happening in the world.
4 Keep your winners and sell the dogs and try again.
I like Robinhood , very easy to get started. I started with $50K and it
only took about 14 months to go up 100%. I gave all my kids 250 shares for Christmas
and they were up 23% yesterday. Last week a $10K investment was up over 100% during
the day it started down and I sold make 60%, $6K in a few hours isn't bad.
What I like about RH, is you can make lists to follow the stocks. I have a great website that
has all the stock and you can sort by industry or whatever you want. I pick out ones that look good and add them
to my list then follow them daily. For a while, I would buy one that was down a few % when the market open. at some
point during the day they usually make it back to even and I'd sell make a few %. It was common to make $1500
in a few minutes.
https://stockanalysis.com/stocks/screener/ this is the site for stocks
only took about 14 months to go up 100%. I gave all my kids 250 shares for Christmas
and they were up 23% yesterday. Last week a $10K investment was up over 100% during
the day it started down and I sold make 60%, $6K in a few hours isn't bad.
What I like about RH, is you can make lists to follow the stocks. I have a great website that
has all the stock and you can sort by industry or whatever you want. I pick out ones that look good and add them
to my list then follow them daily. For a while, I would buy one that was down a few % when the market open. at some
point during the day they usually make it back to even and I'd sell make a few %. It was common to make $1500
in a few minutes.
https://stockanalysis.com/stocks/screener/ this is the site for stocks
