1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

...About stock exchange...

Discussion in 'Black Hat SEO' started by etools, Aug 19, 2010.

  1. etools

    etools Jr. VIP Jr. VIP Premium Member

    Joined:
    Dec 28, 2009
    Messages:
    236
    Likes Received:
    74
    Hey dudes,
    Please answer me only if you have some experience with stocks ..

    I have tried to play with virtual money on Plus500 (A stock trading program) ..
    I tried it before few months .. u start with 35k (virtual money-real statistics)
    And made over 150k in few days..

    Before few days I also tried again with 35k... and now i have over 80k(Again , its virtual money- but all statistics are real)

    So I guess I have the a good method in trading stocks ..

    Should I go for it with little real money (like 1-2k) ?? Im afraid of falling in it as I heard many people lost their houses because of this :S

    What do you think mates :) ?
     
  2. Chronos

    Chronos Junior Member

    Joined:
    May 5, 2010
    Messages:
    126
    Likes Received:
    294

    Don't bet what you can't afford. If this $2,000 is your mortgage, rent, food money then I forsure wouldn't do it.

    The stock market is like a casino, and a casino saying is, "Don't bet what you can't afford"

    Simple as that! :)
     
    • Thanks Thanks x 2
  3. chano420

    chano420 Jr. VIP Jr. VIP Premium Member

    Joined:
    Oct 25, 2009
    Messages:
    368
    Likes Received:
    102
    Location:
    Florida
    I agree with Chronos.... At the same time, another big time trading quote is "No risk, no reward".... Take these two and put them together and essentially the answer is.... Find out how much you can afford and invest every dollar of it in the riskiest stocks you can afford. Once you have doubled your money, take your initial investment out, then you will only be risking money you have "won".
     
    • Thanks Thanks x 1
  4. abdaar007

    abdaar007 Junior Member

    Joined:
    Jul 15, 2010
    Messages:
    136
    Likes Received:
    55
    Occupation:
    ChemE BS Student
    Location:
    TeHas
    my dad does stocks, but he only follows them, he used to trade when he was of my age (20-25) but i guess he lost a lot of money and hence could not afford it anymore.

    so what he tells me is...if you are going to play the stock, then make sure whatever you invest you are ready to lose it...its basically like be prepared if you have to waste whatever you put in...I would play it safe if its a huge amount.
     
    • Thanks Thanks x 1
  5. mfopro

    mfopro Newbie

    Joined:
    Dec 23, 2008
    Messages:
    14
    Likes Received:
    2
    I agree with the other posters - don't EVERY risk any capital you're not prepared to lose, nothing is ever 100%, especially trading. That being said, it's probably a good idea to continue your "test" runs for a bit longer before using real money.
     
    • Thanks Thanks x 1
  6. alexandraM

    alexandraM Junior Member

    Joined:
    Aug 4, 2010
    Messages:
    136
    Likes Received:
    39
    if you can master money management and risk management..
    you can master trading

    start small scale with a few hundred bucks and go up from there
     
  7. BassTrackerBoats

    BassTrackerBoats Moderator Staff Member Moderator Jr. VIP

    Joined:
    Mar 10, 2010
    Messages:
    12,733
    Likes Received:
    21,946
    Occupation:
    I don't actually have a job
    Location:
    It's an Algo, of course it can be gamed.
    Home Page:
    I play with both the stock market and commodities... if you are just getting going, do not "invest" more than you can lose without it affecting you at all.

    Consider your first few plays, play money.