posted
Ok..I'm 19 and ive got some money saved up , i was going to replace my car , but i started thinkin about the stock market and was hoping i could get some tips/suggestions on what would be good to buy ? I'm not really lookin for something to skyrocket , maybe some companies that have a steady pattern of up/down etc? Any help is really appreciated... Thanks -Adam
Posts: 2 | Registered: Aug 2005
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posted
your on wrong board for that....you can lose everything in a day....try one of the other boards...higher priced....1 stock that is at is at its low....should trend higher end summer is GTE target price of 10.00 in 2006
-------------------- EVERY Day ABOVE GROUND is a GREAT DAY!!! Posts: 2086 | From: Long Island New York | Registered: Aug 2004
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posted
Good plan (not looking for the big money). Don't buy pinks and don't hold any otcbb stock for very long. Find out who the guys are on the forums who know what they are talking about and watch for what they suggest to buy (and learn how to do your own due dilligence). Ask questions. Don't be in a hurry to buy--there will always be another opportunity; don't ever fall into that trap. If you don't feel good about it, don't commit.
I'm sure some of the vets can give you some even better advice.
GTE is a good example of a risky stock. Don't invest more in it than you are willing to lose. It sounds good but lots of things can go wrong.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
Yeah these kinda stocks are risky but when you do your dd and check into a stock it could really make you some decent money i dont just jump into stocks but one stock i do beleave that will do great is ICMH with news comming this week it should fly to over .01 and company predictions after the PR from the ceo is .05-.10 but thats the company predicting but even if you get half that .025 well you can do the math to what you want to invest in but heres a key tip to you dont ever jump into a stock running cause you can get burned bad like ssty for exampl great company great potential but up over 1000% in the last 2 days i personally wouldent go near it but ICMH on the other has been a nice steady run day after day no spikes yet but a steady run is all it takes to make money then when we get the PR and it does jump up high then do what you want from there buy a new car lol but its up to you good luck
Posts: 1011 | From: ct | Registered: Mar 2005
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posted
I would say stay out of the pinkies til you know about 10,000 times more than you do now. Thought I was clever enough to pull it off and was dead wrong. I am in my last (I know I've said it before) pinkie now. Gonna watch it tomorrow and probably dump and then try and rebuild in the nasdaq. Most pink sheet stocks are outright scams and no matter what the company says or anyone on any board says, cannot be trusted. I am lucky, I have some experienced guys helping me out right now that are probably about ready to choke me because I am still in these things. Your young, if ya play it right ya may do OK, just don't try and learn in the pinks man, you'll more than likely get smoked. Oh and by all means, STAY AWAY FROM GROUP PLAYS....YOU WILL GET KILLED!!!!!! That being said, good luck.
-------------------- If it wasn't for bad luck I'd have no luck at all. Posts: 1529 | From: Tacoma WA | Registered: Apr 2005
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posted
ok, it seems as if this is more complicated then i thought? I've got 10k and it seemed like an easy way to increase it by watching stocks with predictable trends etc , and since its cheaper then the other ones i figured it would be easier to make money on..buy when low , sell when high .. i'm not really lookin for a long term investment..
Posts: 2 | Registered: Aug 2005
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posted
I can tell you first hand that the advise you are getting here is correct. I'm learning (in the pinks..gasp!!) still and just got burnt by IGTN yesterday. (aloe vera anyone?)
Newbie to Newbie advice: be real careful about jumping on a shooting star. Pull up any candlestick chart and notice that 90% of major moves/runs are over after day 3. Anything after that...it's your money my friend. Find out who is trustworthy (though not infailable) and see how they do it.
One thing for certain: it shoooow is alot fun!! If you have the money to play with.
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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posted
The pinks and the OTCBB are at best a trip to a casino...
I have been trading for 5 years... started in the more reliable mid-caps........ not enough money there so I started playing here ( should have stayed where I was)....
You can make some money but more likely to lose it....
Here are some examples of stocks I have traded and the results:
Now, I'm not saying all of my trades have been bad... the last 2 years I have been making money... but, that's because I listen to people that know what they are talking about and you have some good ones here...
The best advice I saw here... play with paper for three months then take 1/3 of your money and invest... take the other 2/3's and put it in the bank...
This is not easy money in most cases... this is a tough business and we are not the players on the inside... that said... we do not have the advantage... we only have our smarts...
Invest wisely... only invest what you can afford to lose....
posted
I posted this yesterday.. PAPER TRADE FIRST....see how you do. Learn to read charts....at least just a bit. http://www.candlestickshop.com/
Now look at the stock I bought and sold this morning.
BLYC.
The first think I looked at was the Previous days candle....and the trend...Seemed to be going down right? But, it caused an inverted umbrella, indicating to me a change in trend. Guess what? IT WENT UP....See todays nice buying candle?
Next the RSI....the squiggly line with the numbers 70. 50. 30 on the right....below 30 indicates the stock is oversold (time to buy). Over 70 means the stock is overbought...(Time to sell) Now I saw this where the RSI was at 50 BUT, Headed north...TIME TO BUY! NOW the Bollinger Bands are the red lines on the chart...see how they are coming together on the down trend...PRESSURE MY FRIEND PRESSURE!!!!BUY....As they widen SELL! on the uptrend...
THE MACD....the Black and blue lines at the bottom of the chart....with the blue hill and valley....they stock has been below the .000 line for sometime but the MACD lines are coming together and Kissing beginning to go up...TIME TO BUY.....when they are coming together and up top beginning to come down....TIME TO SELL.
These are just the basic indicators that I use.....I also could not trade without L2.....where I can see how many MM's are where and at what price....DEFINATELY A MUST......Now good luck and a few more learning Links.
posted
My advice would be to stay away from stocks under $1. I would say 90% of people lose in the pennies. Don't let anyone tell you otherwise ethier.
I have been trading for two years and started out in the pennies. Sure you can make alot but you can lose it all in one day. I switched my strategy about 4 months ago.
Now I trade small and midcap stocks holding anywhere from a day to a couple of months. Since I have switched I am up 11% in 4 months which is great! The only problem with trading larger stocks is you have to put at least 3 or 4 grand in the stock to make it worth while. They will move only 4 or 5 percent in a short period.
But if you do your DD correctly the risk is very minimal doing this. Plus if you pick a loser you may have to sell for a 10% loss which isn't to bad considering a penny stock can be down 50% or more in one day!
Posts: 1458 | From: Ohio | Registered: Mar 2004
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quote:Originally posted by mizzou7: The pinks and the OTCBB are at best a trip to a casino...
I have been trading for 5 years... started in the more reliable mid-caps........ not enough money there so I started playing here ( should have stayed where I was)....
You can make some money but more likely to lose it....
Here are some examples of stocks I have traded and the results:
Now, I'm not saying all of my trades have been bad... the last 2 years I have been making money... but, that's because I listen to people that know what they are talking about and you have some good ones here...
The best advice I saw here... play with paper for three months then take 1/3 of your money and invest... take the other 2/3's and put it in the bank...
This is not easy money in most cases... this is a tough business and we are not the players on the inside... that said... we do not have the advantage... we only have our smarts...
Invest wisely... only invest what you can afford to lose....
Get the word out...
mizzou7
good post
all I have to add is: capital is a tool
if you regard "capital" as "money" you're sunk before you start
peeps say, "invest only what you can afford to lose."
... true enough ... as far it goes
and I listened
and I lost
because I could afford to...
i ask instead: would you leave your tools in the rain?
Your hammer? Your table-saw? Your computer?
CAPITAL is *the* tool with which you extract money
quote:Originally posted by Adam M.: ok, it seems as if this is more complicated then i thought? I've got 10k and it seemed like an easy way to increase it by watching stocks with predictable trends etc , and since its cheaper then the other ones i figured it would be easier to make money on..buy when low , sell when high .. i'm not really lookin for a long term investment..
If you got $10K then I would recommend not putting it in penny stocks. If you want maybe use $2,000 for pennies but the rest you should try to trade larger companies!
Posts: 1458 | From: Ohio | Registered: Mar 2004
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