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Stock-trading / Penny stocks

Discussion in 'Making Money' started by nd3093, May 12, 2017.

  1. nd3093

    nd3093 Junior Member

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    Recently I've been looking for more ways to increase my income and I was thinking about investing time into researching and studying trading.

    I see tons of instagramers who claim "they are making a fortune trading" so I might give this a shot.

    My plan here is to first learn all the ins and outs and wait at least a few months before giving it a try.

    I know there are big risks involved but my plan here is to start with a small account and build my way up as I always see the quote "Small amounts add up"

    Anyone here trading currently and can shed some advice or guidance in a direction would be much appreciated!
     
  2. USA282

    USA282 Jr. VIP Jr. VIP

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    It's never a good idea to consider stock trading as a side income. Without much experience and knowledge in this field, you're most likely to fail at first. Its best to start with a lowest amount (according to the brokerage you choose). In fact, its even better if you start your practice through stock trading games (not real money).

    Oh btw, penny stocks are highly volatile. If you're up for the risk, why not invest in cryptocurrencies?
     
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  3. Tozzy

    Tozzy Jr. VIP Jr. VIP

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    Here I second @USA282
    You should know that more than 99% of traders fail and most of them probably think they know what they're doing and read tons of information still it is not easy. Really.
     
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  4. xSepps

    xSepps Newbie

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    Unless your "pumping" penny stocks, I would stay away from them.. As @USA282 mentioned, they are extremely volatile... Also, a he mentioned, do take a look at crypto, lots of alt coins are spiking with bitcoin but arent as expensive as say, a bitcoin.
     
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  5. nd3093

    nd3093 Junior Member

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    Yes as I have already mentioned, penny stocks are very high risk but my execution plan is to start with a low account and work my way up. This however won't happen until months of research and studying. I want to commit to this as it's something that I have always wanted to get into. I do plan on investing in cryptocurrencies mainly BTC. I do have some right now and I love seeing my investment go up
     
  6. nd3093

    nd3093 Junior Member

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    Also guys, what are your thoughts about Timothy Sykes? I know he's all Affiliate marketing but he's got so many students and I just keep seeing positive things about him on instagram.

    Worth giving a try and investing some money on this?
     
  7. Sephrata

    Sephrata Jr. VIP Jr. VIP

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  8. nd3093

    nd3093 Junior Member

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  9. Sephrata

    Sephrata Jr. VIP Jr. VIP

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    What positive things? Him showing pictures of a bed of cash? A ferrari?

    He just sucks people into to sell his book/system/scheme and you lot end up funding this lifestyle.
     
  10. nd3093

    nd3093 Junior Member

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    I guess he is paying his so called students to portray a positive image then? Because i'm seeing dozens of them
     
  11. ContentWriter

    ContentWriter Jr. VIP Jr. VIP

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    Hi, @nd3093.

    First, study fundamental and technical analysis so you can formulate your own trading strategy that fits your personality. Base all your investment decisions on your financial goals, investment horizon, and risk tolerance. I do not recommend stock picks or a ready-made table of stock recommendations because the author of any stock picks did not come up with such list based on your financial goals, investment horizon, or risk tolerance but his.

    You may find this article helpful: Why We Do Not Give Stock Recommendations in the Stock Signals Philippines
     
  12. Sephrata

    Sephrata Jr. VIP Jr. VIP

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    Good for him.

    If you want to start trading, I can save you the time. Just go to the roulette table at your local casino.

    If you want to learn to invest, buy some books - Warren Buffet, Benjamin Graham, Phillip Fisher, Nassim Taleb, Peter Lynch etc. Your goal will be to outperform the SPX, but you won't get rich overnight. It's a long term process and if you're making a 15% return on your portfolio a year, you're doing well.

    (I was a flow trader at two investment banks for 6 years)
     
  13. MisterF

    MisterF Jr. VIP Jr. VIP

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    You're not going to fall for that old bollox are you ?

    Get 5 or 6 or a dozen friends, hire a super car each for a day or do a track day, get photos taken.

    Go view some flashy apartments / villas and get some photos taken.

    You all draw out a grand or 2 in cash, lay in on a bed, a coffee table or where ever and each have your photos taken with the same money, just on a different surface.

    Post these images of the big earners and let the fools rush in and part with their money.
     
  14. nd3093

    nd3093 Junior Member

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    Definitely not going to fall for it but I definitely believe this guy is wealthy enough that he has all that.. Mainly do to affiliate marketing
     
  15. nd3093

    nd3093 Junior Member

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    Much appreciated feedback, I already knew it wasn't something that's easy to do but I will focus instead on cryptocurency. I see a bright future for this kind of trading.
     
  16. Sephirot_90

    Sephirot_90 Junior Member

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    Before opening a brokerage account maybe you can give it a try with investopedia.com/simulator/home.aspx It uses real data from the stock market.
     
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  17. MisterF

    MisterF Jr. VIP Jr. VIP

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    I've commented on threads before on here, I taught myself and traded options, many years back.
    @Sephrata too has commented on the same threads ( great minds and all that).

    I didn't bother moving into CFDs and spread betting, as I was also running a business as a sole trader and had just got married back then.

    Penny stocks are great if you're running a boiler room scam ( they're the only people who make real money from them).

    What I would suggest is set up a learner trading account where you can do the dummy trades to practice, but do it for real in terms of buy and sell what you would have done so IF you had the actual funds there.
    Trial this for 6 months and then look at your results. Be honest with your trades, see what the outcomes could have / would have been.

    Then you will get a feeling of what your bank balance would look like.
     
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  18. Sephrata

    Sephrata Jr. VIP Jr. VIP

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    This is another casino.
     
  19. Sephrata

    Sephrata Jr. VIP Jr. VIP

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    I'll add a final comment here: whatever you end up doing, only invest/trade what you can afford to lose. This is the golden rule of investing.
     
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  20. creator09

    creator09 Registered Member

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    Little truth about Tim Sykes . That Jewish person used daddies money to gain recognition in social media. All the "gurus" are socially awkward retards that if you see them in public they won't even have the balls to pitch their scam.
     
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    Last edited: May 12, 2017