If you trade stocks or options, What’s some advice you’ll give for someone new to it?

totoypro

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I was bored recently and thought stocks was a good thing to learn for my spare time. So do you have any advice for someone who’s new to stocks?
 
don't do it until you really know what you are doing. and even then, you can't time the market. The market usually wins.
If you really want to invest your extra cash for the future look into index funds.
Cheers!
 
Paper trade. Paper trade. Paper trade. Once you do that for a few months then fund a real account.
 
my advice: try to get lucky! lol.

that's what i have been doing for 1+ years now. technically i started with $100. i reached $132k in 9-10 months. now i have been sitting on 68k for 3 months now. i have been struggling to hold on to my winning. i told my wife that i was going to turn $100 into $4M in 1 year. well, if i had maintain the pace of the 1st half year, i would have done it. lol.

i trade stock options. it is very important to me to have free trades. otherwise, the fees alone will break you. 3-4 years ago, i started with $10k, and when i reached $2.5k a few months later, fidelity actually refused to let me trade options again. that was fucking embarrassing.

i kind of believe in technical analysis to some degree. otherwise, you have not much to base your decisions upon, for very short term trades, such as options. so you need to

1, learn some basic technical analysis.
2, find a fee-free broker
3, forgive yourself, and move on!
4, patience is right.
5, kelly's criterion - going all-in is fool's game. i am never a fan of kamakazi texas holdem. you might end up a lucky sob, but most likely, you will be 'all-in' ultimately in no time.
 
I advice don't get yourself into this or invest only 20% of your income max.
 
lol guys but with ETFs like MSCI World, you make easy passive money because the Fonds have more than 1600 Stocks from blue chip companies and important countries and also tech companies like Apple, Amazon, Microsoft, facebook.

For Noobs is this the best way to start in trading.
https://en.m.wikipedia.org/wiki/MSCI_World
 
my advice
1) dont touch the market now
2) when you do, dont try to be a hero and buy some weird ass $2 per share company hoping it will go to $5. you have a better chance of winning the lottery
3) buy stocks that are known by the general public to be "good stocks" apple amazon walmart mcdonalds. you won't lose your ass in these.
4) of course, I am not responsible for any of your losses that result from following my advice
 
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