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Internet Stock trading advice

Old 02-05-2015, 02:54 PM
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Default Internet Stock trading advice

All of the recent talk on here has got my wheels turning. I have a simple ira and a roth ira. I would like to get involved in trading and my financial advisor actually told me it would be more cost effective to start out online. Refreshing honesty!

So any first timer hurdles to give me a heads up on? Preferred sites? General theory you use when analyzing stocks?

I am specifically looking at oil and biomedical right now.
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Old 02-05-2015, 03:08 PM
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If you fund an account at Fidelity with 50k, they'll give you 100(?) free trades. They change the amount from time to time, so you'll have to check.
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Old 02-05-2015, 03:26 PM
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I have a high interest in the same thing.
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Old 02-05-2015, 03:27 PM
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Uh huh that may be a bit out of my league but I appreciate the insight.

Now how do i go about making 50k?? Thats the answer im after!
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Old 02-05-2015, 03:34 PM
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Originally Posted by 4shore View Post
Uh huh that may be a bit out of my league but I appreciate the insight.

Now how do i go about making 50k?? Thats the answer im after!
Buy low, sell high
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Old 02-05-2015, 03:36 PM
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Genious! Keep it coming I'm writing all of this down!
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Old 02-05-2015, 03:37 PM
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Ask Russ
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Old 02-05-2015, 04:06 PM
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Originally Posted by 4shore View Post
Genious! Keep it coming I'm writing all of this down!
He's right. I'd feel naked not starting out with at least $50,000 to play around with. The fees for jerking it around will eat you alive.
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Old 02-05-2015, 04:12 PM
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I use and like TDAmeritrade but have not used any others so I have no comparison input.

Value Line is a phenomenal tool for investing, available on line(maybe print) at libraries.
Yahoo analyst estimate page and links in left margin(key statistics)
CNBC and phone app

Books
The Warren Buffet Way
Beating the Street & Learn to Earn by Peter Lynch
The Millionaire Next Door

Get and use Quicken.

Do not confuse price/share with value. A $3/share stock can be way over valued and high risk, while a $150/share stock might represent real value, with virtually no risk. In fact, if your focus is to invest in individual stocks, I would tell you buy nothing but large cap stocks, for the first couple of years. In doing so, you will greatly reduce your risk.

Do not confuse volatility with risk

If you think you can time the market, you can't. One only need to look at results of most active money mangers to see active managers, by in large, do not beat the market.

The market is a mechanism that allows you to purchase parts of companies. Do you want to invest in good companies or bad companies?

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Old 02-05-2015, 04:21 PM
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My first advice is to stay out of commodity markets unless you think Vegas style gambling is investing. Hitting commodity markets requires timing, research and luck. Even billionaires with a ton of advisers and insider knowledge miss on commodities all the time.

Second stay out of individual stocks unless you are just messing around with play money. Small investors are at a massive disadvantage in the stock market. Your best bet for investing is to find low cost indexes and funds in the market segments you think are headed somewhere. Bio has been VERY good and hasn't slowed down at all. Not the best time to get in, but I am a ride it till it stops kind of guy so I say jump into a bio fund.

If this is just for fun, hit the mid to large cap markets in bio, healthcare, tech and food. Wild rides going on there right now. Go small cap if you are a real gambler.
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Old 02-05-2015, 04:33 PM
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Something worth noting is that you get 30 free trades per month if you have a combined 25k in deposit accounts at BoA along with a host of other benefits. You can also have 50k in a Merrill Edge account along with any BoA checking account for the same deal.
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Old 02-05-2015, 04:35 PM
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Originally Posted by 4shore View Post
All of the recent talk on here has got my wheels turning.
So any first timer hurdles to give me a heads up on? Preferred sites? General theory you use when analyzing stocks?
Is this a sell signal?
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Old 02-05-2015, 04:40 PM
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Trademonster. 4.75 trades. Very easy to use. They just merged with options house. Zero minimum.
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Old 02-05-2015, 04:48 PM
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Good question... It could very well be. BUT i'm willing to bet oil doesnt stay this low forever.
It is my amatuer opinion that there are folks that are able to produce oil much cheaper than the fracking,horizontal drilling crowd and they are attempting to starve them out right now. I'm hoping to sift thru that crowd and find the ones that will make it thru...

Just to let you know where i am with this i am 32, married, own a home, no kids, minority (as in percentage) owner in my family business that has been established since the mid 80's. I am looking to supplement my ira with some faster movers with a bit of play money. Nothing too crazy
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Old 02-05-2015, 04:50 PM
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Dividend blue chips.....cash flow......that's all I got.
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Old 02-05-2015, 04:56 PM
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Originally Posted by Straegen View Post

Second stay out of individual stocks unless you are just messing around with play money. Small investors are at a massive disadvantage in the stock market. .....
I strongly disagree, the problem with the average individual investor is they try to time the market, don't step up when the market presents opportunities, chase fads and don 't understand, there are some segments they should not invest in(biotech and technology are two that one needs to tread very lightly)

It's not about getting in on what is hot but what will return reasonable rates of return over long periods with little risk.

The power of compound interest and dividends are your friends.
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Old 02-05-2015, 05:20 PM
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Originally Posted by Software View Post
Dividend blue chips.....cash flow......that's all I got.
That's all ya need!
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Old 02-05-2015, 05:41 PM
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I use scottrade. Started the account only with $2k back in 2008. Was a good time to start doubled my money a couple times over.
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Old 02-05-2015, 05:50 PM
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Hate to burst our bubble; don't bother, there are exceptions to the rule but the majority of professionals can't beat and index and the vast, vast, vast majority of individuals that "day trade" can't either and most blow up their money.

Please save your money buy diversified funds / ETF's and be done. If you want to "Trade" trade some kind of basket like sectors ETF's or funds that way you avoid the idiosyncratic of a single company. If you have to own an individual sock make sure it's still a tiny amount of your total portfolio.
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Old 02-05-2015, 07:19 PM
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Originally Posted by captpepin View Post
Hate to burst our bubble; don't bother, there are exceptions to the rule but the majority of professionals can't beat and index and the vast, vast, vast majority of individuals that "day trade" can't either and most blow up their money.

Please save your money buy diversified funds / ETF's and be done. If you want to "Trade" trade some kind of basket like sectors ETF's or funds that way you avoid the idiosyncratic of a single company. If you have to own an individual sock make sure it's still a tiny amount of your total portfolio.
X1000. And I used to trader equities for a large firm.

I have a buddy who is an ex NFL player(nobody famous but he was in the league 5 years) ask me about day trading. I told him just take $50,000 out of the bank and put $1000 stacks on your gas grill ever 30 seconds till you run out. Your money will last longer and you will have more fun.
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