Post# of 50311
Posted On: 02/04/2017 8:59:21 AM
Advice to those just starting out:
< Start slowly.
The itch to trade (action) gets to be a big itch. Go slow.
Early lucky trades can mask big losing trades to come.
< Buy 2 to 3 stocks at a time and keep some cash.
Use money you can afford to lose. Grow until you
are always playing with new profits, 'house money'.
< Start small, $100 or so a trade.
$50 to $80 is not enough.
You have to pay a buy and a sell fee.
< Use a discount online broker, maybe Scottrade.
Use the great info & charts on your broker's site.
< (Almost always) take a double your money.
Certainly in the beginning.
< Do your own diligence
Use info sites including "The Line Up"
< Look at & listen to as much as you can.
Follow "Top Ten Active User Boards"
on Home page.
< Listen to live chart talk on Live Stream
by the administrators.
10 AM 3 days a week right now.
Make your effort long term, learn to persevere.
You will begin to make progress, money in the bank.
Stock trading is the easiest way known to man to go
into business for yourself .