New to this
hi I'm new here I'm just wondering how should I start? can anyone help me with this.
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72980961 : wish I could....I'm lost
IanMassey : Are looking to learn from paper trading or real currency trading
0820 OP IanMassey : either is fine.
IanMassey 0820 OP : what I did when I started is started small... I invested $25 in my account. I then started doing penny stocks (basically less than $1). Learn the charts.. most look at the 5D, 1 week, 1 month and day history trades. also look at the High and low. 52 week high and 52 week low. from there look at the chart and when the line starts to turn up then buy. however I buy the lowest possible. then when it raises and when it looks like it's about to turn back down sell.. I did this on penny stocks for awhile and lost some and gained some.. the loss on $25 has only been $4. if you buy and sell short holds more than 2 times you will be listed as a day trader. you don't want that right now.
IanMassey 0820 OP : also if you want long term investment to where you get dividends and it's stock you make money off of (long holds) find a good stock with a good dividend yield. you will then get a dividend either quarterly or annually. but slowly invest in that stock each paycheck and eventually you will have enough stock that pays you and don't have to work like me. currently my dividend pays $0.12 per share.. I have almost 12,000 shares and I get $1,440 every quarter.. it may not seem much.. however I invest a little each week but I will as have money paid to me as long as the company stays a float.
IanMassey 0820 OP : Good long hold stocks are any automotive company like Ford, GM and Toyota. those are higher priced.. but the return on Dividend is better.. the higher price stock with dividend pays more than lower priced stock. My advice is to look at Mazda stock which has a dividend and price is affordable. less than $5 a share do long holds and learn how they do dividends then keep investing for long holds for retirement. for day trades on here your equity has to be $25k for day trades. So is day trades worth it.. Absolutely. back when covid hit a certain stock was $9. I bought 100 shares and in a few days it was back up to $18 and I sold. I made $900 dollars when I sold.. then stock shot up to $23 per share.. then bottomed out a few days later back at 9... so there are times you can make money off day trades or one week holds.. but the best advice I can give is whatever you initially invest only use half that balance because of fees, bottom out stock. if you invest your entire balance and it's goes belly up.. then you have to repay what you lost. When you are comfortable then you can do options and covered calls and blocks. that's more tricky because your investments are on profit or loss.
0820 OP IanMassey : thanks so much for the explanation, also can I ask do I buy the stock when it's low? also what's do it means buy open market and close market? is there any different if I buy stocks during either period?
IanMassey : open means the price at opening of the day, and close or prev close is what the price was at the end of the day. Right now I invest in Troika Media. I invested when it was 50 cents a share and 4 days ago it was trading at 1.10.. I only made a 60 cent profit. during pre or post market people still buy. the price can raise or lower. So I wait until I get to the sniper moment.. just a few minutes before opening I buy pre market and within 3 hours the price raises. however, on this app you get 3 day trades for every 5 days. it's the (3,3,3,3) number you see in the stats. so the open and close is just what the open price and close price is. high is the highest it has gotten in a day. low is the lowest.
IanMassey 0820 OP : my advice is buy and sell in active periods. when you see Bid/Ask meter bar.. Bid is what people is willing to pay and Ask is what the holder sales for. if the day is over and you sell say at 78 cents.. the people buying waits until the price falls a few cents below your asking price.. think of haggling. but if you try to sell close to what you paid for it then it may fall below your price you invested. which means you losing money. this is like monopoly. build houses and hotels on good property. that property is stock. some stocks seems good like park place and board walk. but how many people actually land on those in the game of Monopoly. so make your investments precise and on the stock people want.
0820 OP IanMassey : ok got it I will try to do as you advise.
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