For the Trading gurus

djsimp · « **on:** March 01, 2011, 03:40:04 PM »

I know some of you probable dabble a bit in the world of Wall Street. Do you have any links that I could get acquainted? Consider me a child when it comes to this. I see Ameritrade commercials, and others all the time and I find myself interested but not willing to jump into something blind. From what I gather, Penny trades is good place to start for someone just testing the waters. Thoughts?

Snaggletiger · « **Reply #1 on:** March 01, 2011, 03:54:05 PM »

Buy low, sell high. Stick with me kid.

AU_Tiger_2000 · « **Reply #2 on:** March 01, 2011, 03:59:30 PM »

Plastics

Jumbo · « **Reply #3 on:** March 01, 2011, 03:59:42 PM »

Corner the entire frozen orange juice market!

GH2001 · « **Reply #4 on:** March 01, 2011, 04:03:57 PM »

I use scottrade and read analyst ratings. Just use common sense and read each stocks projections.

djsimp · « **Reply #5 on:** March 01, 2011, 04:10:39 PM »

I know enough to get myself in trouble and thats about it. I'm not looking to go head first into a pile of shit so I am looking to go lite. I don't need my wife cutting my fucking dick off because I gambled the kids milk money.

Scottrade I have found to be pretty good but I kind of like TD Ameritrade too. The Penny stocks is just one idea but from everything I read is pretty damn risky, but these days so is the whole stock market.

AWK · « **Reply #6 on:** March 01, 2011, 04:50:33 PM »

Stick with Potent Potables all the way to the bank.

GarMan · « **Reply #7 on:** March 01, 2011, 05:17:38 PM »

Quote from: djsimp41 on March 01, 2011, 03:40:04 PM

I know some of you probable dabble a bit in the world of Wall Street. Do you have any links that I could get acquainted? Consider me a child when it comes to this. I see Ameritrade commercials, and others all the time and I find myself interested but not willing to jump into something blind. From what I gather, Penny trades is good place to start for someone just testing the waters. Thoughts?

Just some thoughts...
- Open up a free account with e-Trade or something similar.
- Learn the basics of stock transactions including limit orders, stop orders and short sales.
- Start assembling mock "watchlists" and track your performance in Excel.
- Once you feel confident, deposit some real money into your account and start trading.

E-Trade has all sorts of videos and training guides online. I would expect that the others do as well. If you don't have the interest, patience or focus, you might have better luck with mutual funds. Perhaps, you can start with mutual funds. I have both... and I'm starting to play with options.

Godfather · « **Reply #8 on:** March 01, 2011, 05:50:26 PM »

Quote from: GarMan on March 01, 2011, 05:17:38 PM

Just some thoughts...
- Open up a free account with e-Trade or something similar.
- Learn the basics of stock transactions including limit orders, stop orders and short sales.
- Start assembling mock "watchlists" and track your performance in Excel.
- Once you feel confident, deposit some real money into your account and start trading.

E-Trade has all sorts of videos and training guides online. I would expect that the others do as well. If you don't have the interest, patience or focus, you might have better luck with mutual funds. Perhaps, you can start with mutual funds. I have both... and I'm starting to play with options.

Options are free money...and I would use ETF's. Course what do I know.

djsimp · « **Reply #9 on:** March 01, 2011, 07:26:33 PM »

Quote from: GarMan on March 01, 2011, 05:17:38 PM

Just some thoughts...
- Open up a free account with e-Trade or something similar.
- Learn the basics of stock transactions including limit orders, stop orders and short sales.
- Start assembling mock "watchlists" and track your performance in Excel.
- Once you feel confident, deposit some real money into your account and start trading.

E-Trade has all sorts of videos and training guides online. I would expect that the others do as well. If you don't have the interest, patience or focus, you might have better luck with mutual funds. Perhaps, you can start with mutual funds. I have both... and I'm starting to play with options.

Now thats what I'm talking about. Thats good info that you fellas are giving, thanks! I've been watching some videos off the youtubes and other outlets. I didn't even think about e-trade.

GH2001 · « **Reply #10 on:** March 01, 2011, 08:21:41 PM »

Quote from: djsimp41 on March 01, 2011, 07:26:33 PM

Now thats what I'm talking about. Thats good info that you fellas are giving, thanks! I've been watching some videos off the youtubes and other outlets. I didn't even think about e-trade.

As GarMan said, just go do your research and learn the basics - market orders, limits, put options, margin (stay away from this unless youre a pro). I did exactly what he said about creating mocklists. Of course I did this back when I was 20 and started doing real trading when I was 22. Been doing it ever since going on 13-14 years now. For all the pay brokers, Scottrade is by far the best bang for the buck - and Ive been with all of em, Fidelity, Prudential, Ameritrade.... Scottrade is no frills as far as people/advisors helping you. You make your own choices, trades, manage all your positions, etc. At 7 bucks a trade, its hard to beat. Some of the free or cheaper sites arent as flexible as far as the ways you can buy. Some make you purchase a fixed allotment every month or quarter such as Sharebuilder. I like the openness of Scottrade. Just my .02. Different services for different people.

Tiger Wench · « **Reply #11 on:** March 01, 2011, 11:12:45 PM »

I also use E-Trade - been doing so for the last 6 years. Very satisfied so far, but I don't do a lot of trading. Mostly use it to manage company stock options and some fun stocks I bought a few years ago - nothing serious, just fun money. Have done "ok".

Saniflush · « **Reply #12 on:** March 02, 2011, 07:01:50 AM »

Quote from: Jumbo on March 01, 2011, 03:59:42 PM

Corner the entire frozen orange juice market!

It ain't too cool being no jive turkey so close to Thanksgiving.

djsimp · « **Reply #13 on:** March 02, 2011, 10:58:49 AM »

Quote from: Saniflush on March 02, 2011, 07:01:50 AM

It ain't too cool being no jive turkey so close to Thanksgiving.

Godfather · « **Reply #14 on:** March 04, 2011, 11:16:36 AM »

Look, it tells time simultaneously in Monte Carlo, Beverly Hills, London, Paris, Rome, and Gstaad

Godfather · « **Reply #15 on:** March 04, 2011, 11:18:13 AM »

Personally I use Morgan Stanley Smith Barney...my Financial Advisor is AWESOME...and even gives me hand jobs.

GarMan · « **Reply #16 on:** March 04, 2011, 01:37:37 PM »

Quote from: Godfather on March 04, 2011, 11:18:13 AM

Personally I use Morgan Stanley Smith Barney...my Financial Advisor is AWESOME...and even gives me hand jobs.

There's nothing wrong with a little personal attention and hands-on assistance...

Godfather · « **Reply #17 on:** March 04, 2011, 01:43:33 PM »

Quote from: GarMan on March 04, 2011, 01:37:37 PM

There's nothing wrong with a little personal attention and hands-on assistance...

He is also strikingly handsome...

BZ770 · « **Reply #18 on:** March 04, 2011, 06:55:10 PM »

I work for CVX and our stock went from 64 back in the summer to 104 yesterday. Old timers at work say it splits when it gets over a hundred and it hasn't split for 8 years. I have a good feeling that if it hits 110 and holds around their it will split.

djsimp · « **Reply #19 on:** March 04, 2011, 08:15:50 PM »

Quote from: Godfather on March 04, 2011, 01:43:33 PM

He is also strikingly handsome...

Put your junk up GF.