with all the new comers I see on here with a wide range of q...
with all the new comers I see on here with a wide range of questions about trading it looks like @moomoo classes are going to be full for awhile. lol. good luck to all of you and if you can take one piece of advice from me try paper trading first before you actually invest your hard earned money. my losses were great when I started out and wish someone would have given me that advice.
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ConchTrader : Awesome advice Penny!!!
Mcsnacks H Tupack : Nah they are too smart for classes. They already know everything there is too know. Plus it’s war not investing. They don’t care about the money. It’s all about bringing down the Elites by giving them all of their money that they drown in it on their daily cash swim, you know like Scrooge Mcduck and his Evil Elite-ass. Man do I hate Scrooge Mcduck. Lol
Mathew Midcap ConchTrader : what effect are all these new traders having on the entirety of the market? is this really just a drop in the bucket or will this have lasting consequences?
(I know a bit about trading and researching individual companies and such but not so much about market conditions and the effects behind the numbers)
wasn't it common at one point in the US for middle class workers to be stockholders (and homeowners)? why is/was that no longer the case?
STD0313 : If you want my 2 cent, from someone who just stared trading in August of last year. The blue class you are referring to have been blessed, unlike their fathers and their grandfather's, we havnt been through really hard times. No WW1 2, Great depression, or really anything that has taught us to save.
Today we live under the thought that we "need" the newest and best. So we surrender our future on the culture that tells us, lottery tickets and in this case stocks that jump 200% is our only way forward.
When I talk with my mother about trading I am always giving her the latest company that has made me 500 hundred dollars over night. I also try to give her sound advice on solid companies.
She often invest in companies that I sujest as good long term investments. And I will also take my advice and do the same. Sorry, alot of back ground for one point.
She almost never sells a long term investment even if it is down. Her words, it will come back. Myself, I am constantly selling and buying long term positions to chase the new American dream. I will be rich over night.
Well I may make blocks of big money (to me anyway) but when we look at our all time statics for profit.....well, mom knows best.
Mcsnacks H Tupack Mathew Midcap : It was common. But technology has ruined it. You could go to a stockbroker by a 100 or 1000 shares and they would mail you the bonds when you got them and then put them in safe and wait. And if there was bad news you heard you could take them and sell them and the price wouldn’t have dropped that much and you would be fine. Now everything is so fast paced news can destroy a stock in an hours time. And you can buy half shares or 20 or whatever number you want. And we never even see the paperwork anymore. Their effect made it so volume was down 50% on Friday. That could be people being scared of the volatility or switching apps( which takes about 5 business days)because the one they had restricted their stocks. It will help some stocks. They restricted 50 of the popular stocks so some of that volume will go into other stocks. The market did have its worse month since March. If that tells you anything.