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Stocks!

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Caspaaa
Posts: 4830 - Karma: 1,465
Whats up NS.

I'm looking to get into the stock market (using the simulator "Updown.com" before actually using real money) so I could use any and all tips regarding buying and selling stock

Hit me with any advice, do's/dont's, anything.
Jun 1 2012 10:04AM
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Poems
Posts: 1041 - Karma: 3
Do it, share profit with me. We'll be stock buddies.
Jun 1 2012 10:07AM
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.MintBerryCrunch
Posts: 750 - Karma: 346
It's hard to make a lot of money in the stock market in a short period of time. Long term investments are where the money is at. Keep that in mind.
Jun 1 2012 10:07AM
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jameskiy
Posts: 396 - Karma: 3
hey dude, some newschoolers are playing a game on marketwatch,
https://www.newschoolers.com/ns/forums/readthread/thread_id/677612/ heres the thread, maybe they could help you out, but my advice would be to be careful if you dont know anything. good luck bro!
Jun 1 2012 10:08AM
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theBearJew
Posts: 10951 - Karma: 15,633
I recommend this. Make real time trades, website is easy to use. However sometimes it fucks up and doesnt trade your shares for 3 days. Either way take it seriously like it is real money and you will learn more.

One fun thing to do is play earnings. http://biz.yahoo.com/research/earncal/today.html That website has the schedule of earnings announcements. Usually when a company announces earnings the stock fluctuates. I like to play before market earnings. Basically buy in the night before right before market close. Then watch it early, if it jumps, sell right after the spike.. However it could easily drop 10% overnight just as easily as it could jump 10%...

Have fun!
Jun 1 2012 10:12AM
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Caspaaa
Posts: 4830 - Karma: 1,465
not a bad idea...


keep up the advice guys
Jun 1 2012 10:35AM
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EastCoast315
Posts: 3136 - Karma: 137
Man, if you're trying to make money, do it like this:

invest in a sawzall
acquire large amounts of on-the-rim tires
cut the beads, scrap the rims at $5 apiece
profit

It'd be easier to make money this way than to trade stocks. And you'd actually be producing something.
Jun 1 2012 10:39AM
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PhaedeD
Posts: 11498 - Karma: 327
pretty much you need to have a system when trading. you need to build your own system for the type of trading you are doing and do not move from that system. people lose money when they dont have a trading system or the constantly move away from their system.

I would pick up a beginners book on trading and learn from that a bit while you are practicing, it will help.
Jun 1 2012 11:05AM
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grown-ninja
Posts: 3031 - Karma: 175
I dont have my 7 or 63 ha but I'm an analyst at a financial company? Let me trade for you, ill guarantee you wont lose more than 25%...the upside is infinite, i only take 30% of all earning and a 10% flat fee.

But really you need to invest a lot of time reviews each company you get in to.   Look at their financials see what you can get out of it, management structure to make sure there is nothing fishy going on, make sure they have no off balance sheets if its a struggling company you want to invest in,  do searches of all publications to see if there is any new info coming out.

Overall stocks are a rigged game, by the time you get the information, all the firms and institutional investors have already raped it.

It depends on how much money you have.  Look for long term investments if you have under a few thousand.  Also look at bear/bull ETF's the multiple certain indices by 3x or 300% if you dont have a lot of money and want to make some quick cash.  Very risky ETF"s but they can swing 10% everyday with the volatility in the current market.  Its sorta like roulette if you dont know what youre doing.  If you hit for a few days you could make 50% in a week if the market goes in an unfavorable direction to you you could lose 50% in a few days.
 

Should be a good time to buy pretty soon, the annual May sell off coupled with all our financial problems, If the market dips below 12 I'm going balls deep in blue chips.

What do you think is going to happen?  For the pessimist at heart check out VXX, UVXY, DUST---some of my personal favorites.

remember there is money to be made whether the market goes up or down.
Jun 1 2012 11:08AM
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blackmamba.
Posts: 969 - Karma: 56
become an options trader. high risk, high reward.
Jun 1 2012 11:35AM
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TimRiley
Posts: 1873 - Karma: 1,327
Are you in the process of studying for your 63 then 7? That's crazy a financial company has analysts that haven't passed these... they're kind of entry level to the field.
Jun 1 2012 11:42AM
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PhaedeD
Posts: 11498 - Karma: 327
financial reports are going to be your best friend. I mean look at all the idiots that just dumped money into facebook....

all you needed to do was read their reports and see how fucked the company was. They claimed to be worth 100 billion. It wasnt hard to see that they only were making a maximum of 3billion a year. Even if they did that for 10 years (which they havent) they would only be worth 30+ billion. Thats if they spent no money and didnt lose any for 10 years... FB is stupid as fuck, I kinda feel bad for people that dumped a shit ton of money into it.
Jun 1 2012 11:43AM
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grown-ninja
Posts: 3031 - Karma: 175
I work in the shipping sector, basically an equity analyst in simplest terms, I'm not a broker, or trading anyone's money so there is no need for it.  Eventualy I might get around to it but itd be better to study for my cfa  much more usefull and looks a lot better then hte 10000's of people with 7s and 63's who get fired after 2 years from every trading firm in the city.  Then again CFA is crazy tough and time consuming. 
Jun 1 2012 12:06PM
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TimRiley
Posts: 1873 - Karma: 1,327
I heA
Jun 1 2012 1:21PM
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WI_Personallty
Posts: 881 - Karma: 161
you can also try smartstocks.com. Completely realistic with fake money though. I use this for my business classes.
Jun 1 2012 1:23PM
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TimRiley
Posts: 1873 - Karma: 1,327
I hear ya. sorry on mobile
Jun 1 2012 2:13PM
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AT-AT
Posts: 3281 - Karma: 3,256
there is also investopedia.com
it's where i do my simulated trading.
Jun 1 2012 2:45PM
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PhaedeD
Posts: 11498 - Karma: 327
cfa is the way to go brother. put in the hard work and time and it will pay off.
Jun 1 2012 7:09PM
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PhaedeD
Posts: 11498 - Karma: 327
just buy facebook its a smart move, you will be ok!
Jun 1 2012 7:12PM
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1337
Posts: 31038 - Karma: 29,002
those that short sold it probably made a killing
Jun 1 2012 7:14PM
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PhaedeD
Posts: 11498 - Karma: 327
right now they did but there is going to be a lot of investigations into this damn facebook shit!

I am glad I didnt buy anything either. I was going to but the night before I read up on it a lot and realized myself that the numbers were extremely flawed.
Jun 1 2012 7:21PM
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blackmamba.
Posts: 969 - Karma: 56
Meh, with a p/e ratio of 70-90, you'd have to be foolish to even contemplate investing. The sole reason FB made their IPO was to allow the private investors to divest themselves of their shares and become hella rich. Heck, even Zuckerberg sold 30+ million shares worth over $1 billion shortly after Facebook was made public. I mean, what does an established company, like FB, need $90+ billion dollars anyway? Their code is legit. Shit didn't add up to me.
Jun 1 2012 8:33PM
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deleted5
Posts: 14507 - Karma: 13,500
Don't ivemade money and list money you will have no idea what you are doing and unless your dad is a broker or you study's stocks for hours everyday your wasting your time
Jun 1 2012 8:46PM
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extravert
Posts: 1112 - Karma: 3,174
is this supposed to be in english?
Jun 1 2012 8:48PM
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deleted5
Posts: 14507 - Karma: 13,500
I'm on moble I can't prof read anything I write over 2 sentences.
Jun 1 2012 8:49PM
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cool_name
Posts: 4295 - Karma: 3,131
the secret is to buy the low sell high. if you do that you are guaranteed to make money
Jun 1 2012 9:42PM
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BrewskiJr
Posts: 5738 - Karma: 1,478
In 7th place...only made 1 trade.. Like a bawsss.
Jun 1 2012 9:47PM
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Forcillo
Posts: 3801 - Karma: 3,580
I got 8% in the green and sold it. But it would suck if someone held on to here from the beginning
Jun 1 2012 10:03PM
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deleted5
Posts: 14507 - Karma: 13,500
Unlike google I made so much fucking money off google I had to pay taxes on it CLAIM
Jun 1 2012 10:26PM
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PhaedeD
Posts: 11498 - Karma: 327
lol ohhhreallllyyyy
Jun 1 2012 10:29PM
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