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Hello I am newbie to this
I have a few question if anyone would be as nice to answer it for me and explain please.
1) Is it as simple as people buying stocks that cause the price of the stock to go up? If so is there a formula to predict if you buy a certain amount of stocks how much the price of the stock would be? 2) What online place do you think is the best one for online trades. EXample i have sharebuilder and its crappy because alot of the stocks I want they dont offer. 3) Also is there a site that gives you a list for FREE of stocks under $3 to invest in. 4) And finally i have been reading up on here about ob shares or what ever it is called but what makes them different from other stocks? Sorry for so much questions but i am a college student and in a week i wont have alot of time to sit on the computer and buy and sell my stocks. FYI i only have 2,000 to invest right now. Should i even be trading? ![]() |
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well
i dont know why i do this everytime
but here it is my 40 cents before i answer anything college student yes great time to learn investing. 2000 is more than enough to make 50 grand easy. but before you start i think you should find a good broker like ameritrade. then before anything you need to go to some investment site and learn some easy basic stuff. like investopedia.com and buy that book by toni turner that hellcat is talking about. go do a lot of paper trade before you start trading in real life. technically you dont need to sit on the computer all day to buy and sell. you do your homework on the stock you want to buy. then you figure out at what price you want to buy it at and how much. you then set a buy order and when there is someone selling it at the price you offer. then you bought it. after that you figure out how much you want to sell it. then you set a sell order and when some one out there in the market want to buy the stock at the price you offer and buy it . there you sell your shares. all this can be done automatically by computer. all you need to do is tell the computer when to sell and when to buy. ameritrade has this features. i dont know about others. but most dont trade in pinksheets ot otcbb. so dont even bother looking for any other broker.(i am bias here because i like ameritrade so much i want to buy the whole company if i can) also last but not least dont be greedy. split your 2000 into small groups of funds like maybe 500 each. answer to your question 1) yes it is as simple as that. i dont understand the other half of question number one. 2)online broker.LOOK NO PLACE ELSE. AMERITRADE IS THE BEST AND NOTHING CAN BEAT IT. IT IS A FEW BUCKS MORE FOR COMMISION BUT THE BEST AND NOTHING CAN BEAT THE KING PERIOD. 3) yes there is just look for most active 100 by volume online . type pink, penny, otc, micro. as keyword with it.many many website will have a up to date report on which is the most active penny. 4)nothing is different. just they are traded on different boards. like there boards like AMEX, NYSE, NASDAQ, OTCBB,PINKSHEETS and so on. many many other boards. most famous is the top example. amex nyse nasdaq is full reporting.(meaning they report everything they do in the company aka financial and so on) otc is reporting company but are not require but most will report it quaterly. pinksheet is basically totally non reporting company. otc is better than pinksheet. because at least company who is there want to be reporting company. while pinksheets are places where new company and scam company are in. pk is where most people will get scam. because you dont even know if the company actually exist. think of it this way. pinksheet is a mostly the place of birth of public company. then they will move up to otc. then they will move up to full reporting like amex or nyse. kapisch??? if i am not correct please help me out and correct it. also before you ask question try typing keywords on search this forum. the question you ask has been ask at least ten time the past few days. i am a little tire. but hey i am here to help. or look back up some old thread and post and there will a lot of people who is in your situation that ask the same questions. college student i think is the best time to start. because by the time you come into the real world you will be a pro and dont need to work. just like me. i dont have a job. how free ahhhhhhhhhhhhhhhhhhhhhhhhhh. also last advise dont listen to people advise or opinion or recomendation or picks before you weight it. dont listen to people who tell you what to buy because most time you will be losing some serious money. always look at the stock you want to buy for at least a week before you even start thingking about buying it. do homework on them before you even think about watching it for a week. people keep saying yeah you buy then sell so easy. not it is not. you need lots of practise. so start paper trading NOW. and learn. at least you got a head start.you dont need to find the best broker because you knwo ameritrade is the king.hehehhe and you find this boardroom. this boardroom has less rubbish. the other are well just pack with junk good luck on your road ahead. may you graduate from college and dont need to get a job. hahaha ![]() Last edited by ahmadckf : 01-12-2005 at 02:09 AM. |
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I am kinda like this guy cept I'm a little younger (17). I have an Ameritrade account that my parents got for me and I'm planning to put some money in it and buy some stocks. Since I got to school I wont be able to get in on the day trading action that it seems many of you do. I hear daytraders lose alot of money though but it seems that if you know what you are doing that you can make some nice profits.
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careful
I would not recommend investing 2000 dollars into something you have not taken the time to learn. There are many people in this world who don't understand the stock market and thanks to a rise in online brokerages; we have a new breed of investors who think it can be a "get rich quick scheme". Sharebuilder is an excellent start for you to learn to invest money. The commissions are far less than ameritrade and sharebuilder is designed for new investors. If trading stocks was a guaranteed gold mine, then everyone would do it and be rich. Who would work? lol Times have certainly changed but in general the stock market is a tool for the wealthy and everyone else should just invest to save in the long run. You may make some short-term money at first, but I assure you that it will catch up with you. Some of these posts seem to imply that you can just spend some time on research and make a job out of it. Being trained professionally in financial matters is just as important as being trained to be a doctor. I don't think you want ahmadckf performing surgery on you, so think about that before you take that advice and go into this blindly. Also if the stock you wish to purchase isn’t found on sharebuilder, you probably shouldn’t be investing in it. If for some reason you decide to invest the whole 2000, make sure you diversify your selection and don’t play a gambling game on a couple of stocks going up. Contrary to ahmadckf’s assertion you will not make an “easy” 50 grand off a 2000 investment unless you have some extraordinary amount of luck. New technology in investment opportunities has opened new doors for many people, but don’t let that fool you into thinking you might have an upper hand to the people who actually went to school for this. There is nothing wrong with consulting a financial advisor.
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All i want to know
In the course of 1 stock day. What causes a stock price to rise and fall? Like is it as simple as the amount of shares bought at a certain time? Or is it more to that. Because i noticed that a person might buy 200k shares of a stock and the price would go up 4 cents per share but lets say someone else buys 750k of the same stock 1 hour later the stock would neither rise nor fall. Whats up with that?
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the price goes up because people buy it and have faith for the price to rise.. the more faith one has in a company the more they are willing to pay for it. The more people buying at asking price the harder it is to get (supply and demand) so people start bidding into faith placing their bid higher than the current price.
Prices go down because people do not have faith in the company to grow and dont buy it and people who are shareholders lose faith and sell... because there isnt anyone buying the stock people cant sell so they reduce their asking price until their order is met by someone who feels that the position does have a future. |