posted
Hello. I am new here. I want to get started, but I'm not certain on which trading company to go with. I can only deposit 500$ or less. So I was wondering if you guys had any suggestions. And another question, is it to late to get in on PGHI?
posted
Hello and welcome to allstocks. Nice to see our community growing.
I'm not gonna suggest a broker since I don't know much about the ones out there, but I will give you some advice on PGHI.
Currently there are 2 threads on PGHI, one on the 1st page and one on the 3rd or 4th page. There are a total of 2700+ post combined in those threads. Reading both those threads will give you more DD then you could ever imagine, and help you decide wheather it is too late to get in. Always do your own DD and never let some tell you what to do with YOUR money.
But...since there are over 2700 post on PGHI, I will summarize them for you...The majority of people invested in PGHI got in around 0.02 to 0.04, we are currently trading at ~0.04 and the majority of investers believe "the future (for PGHI) is so bright!"
now go read and make your own decision...
Merry Christmas!
[This message has been edited by Moose (edited December 26, 2003).]
NO. 1: YOUR A "NEW" TRADER. I UNDERSTAND YOU ONLY HAVE $500 TO START, WELL MAIL THAT PAYMENT IN AND CONTINUE TO RAISE AN ADDITIONAL $500. YOUR GOING TO LOSE ALL YOUR MONEY TO BEGIN WITH AND EITHER YOU'LL QUIT OR START OVER ONCE AGAIN.
NO. 2: THE MOST IMPORTANT REASON. AMERITRADE MAKES YOU WAIT TO TRADE AND IN THE CASE OF A "NEWBIE"; YOUR GOING TO MAKE QUICK DECISIONS YOUR GOING TO REGRET. AMERITRADE PUTS A CUSHION FOR ABOUT 3-5 DAYS TO SETTLE ALL TRADES BEFORE YOU CAN TRADE WITH THAT MONEY ONCE AGAIN. STOCKS ARE GOING TO BE HERE TOMORROW AND A YEAR FROM NOW SO THERE'S NOTHING TO GET EXCITED ABOUT.
NO. 3: YOUR GOING TO DO WHAT-EVER YOU WANT AND NOT LISTEN TO ANYONE, INCLUDING THIS POST, BECAUSE YOUR NEW. WE ALL NEVER LISTENED TO ANYONE, LOST OUR REAR ENDS AND SOME RETURN AND SOME JUST PUT A "GOODBYE" POST UP SWEARING NEVER TO TRADE "PENNY'S" AGIAN.
As for learning the ropes of trading, learn how to read technical analysis and candlestick charting asap-
Then, dont trade for a month while you raise that second $500, just watch some of your favorite stocks and paper trade. Once you get a feel for it start throwing money at it, but very small amounts per trade.
Go there, read it, and make up your own mind. I have been with them for 18 months. $500 minimum to open, and you can be trading in about a week, due to the paper work and getting your initial deposit credited to your account. As the others said, it's your money ... you make the decision. And as a side note, PGHI is truly HOT. Due Dilligence. Do it.
posted
From one newbie to another, no matter how well you do at first; count on losing your money. I started with 4K, went right to 5K, and am currently trading with 3K after only a couple months. I've learned to do A LOT of research and have A LOT of patience, and a “prosperity spell” from your local witch doctor couldn’t hurt either. You have picked the right forum to watch though. These guys are great about sharing info. Good Luck & may the force be with us.
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posted
Also, since I just turned 17 it would have to be a custodial account. Maybe this changes a couple things, or should I still go with Ameritrade?
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posted
Hello, I am 16 and I have a custodial account. This does not change anything as far as I know. I have been with Ameritrade for over a year and it has been great. I have not been with any other investment sites so I would suggest looking around. Good luck.
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good luck
