I’m a new novice trader wtih scotttrade… I interested buy low cost stocks (under ) and I would like some advice on possibly which stocks to buy (suggestions anyone?) I have a serious habit in buying clothes and sneakers and this year I vowed that if I’m going to "waste" money, then why not "waste" it where I could possibly gain. Any advice is appreciated, Im investing about 0+ every month…. thank you in advance
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March 28th, 2010 at 1:05 pm
If you are planning to invest 300 or so a month…then first put it all in a savings account so you can gain some interest as you bankroll goes higher. While waiting for your amount of money to add up…find books and learn about investing. Open an demo account to have fun trading with fake money in the real market prices: one site that would be perfect for practice is updown.com there are also cash prize contest every month too for having the best month return percentage. They give you 1 million dollars to start with.
Then as your money adds up lets say…in 12 months with 300 would be 3600…plus the interest that has been adding up…deposit and start trading if you are comfortable. If not then let your money add up till you feel you have a good understand of the market and how it works. But always continue to educate yourself.
March 28th, 2010 at 1:05 pm
Find broker reports, that will identify price targets for stocks. Best way is to buy small cap stocks that have been around for a while and that are operating in a growth industry. Then once you have bought them, keep them. Very few non-professional traders make money. Rather focus on being an investor.
March 28th, 2010 at 1:05 pm
You are a Penny stock trader then…do you have a system, a strategy?
How much education have you had on trading penny stocks?…
See below…
March 28th, 2010 at 1:05 pm
You can make a great deal of money buying stocks under $3 as I have done and continue to do so but 90% of the time these do not move up or down for weeks and its so frustrating # a tip buy into 3g tech for cell phones thats where most of my cash comes from or lithium battery, fuel cell companies.
March 28th, 2010 at 1:05 pm
you can try automated trading software -
http://www.automatedtrading.uk.com/
March 28th, 2010 at 1:05 pm
Etrade (eftc). it you look at their financial statement on the whole year you see a big recovery, and etrade have a really big return if the trend keep the way it is. the turn is between 10-15 time of the amount you invest, I forecast iff everything is the way it is it only take 2-5 year to get that amount of return. and Etrade have a large cash to reserve in case of something happen. so it more safe from invest in etrade than other stock