Robinhood: when to start

Garbage Can Lid
Garbage Can Lid

I want to start trading with Robinhood, but I don't have much capital to spend on stocks. I only have about $250-500 that I could use to get started. Should I buy a few stocks and start learning the ropes or wait until I have more to invest?

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redchip.com/assets/reports/GIGL_ResearchProfile_20150306.pdf

Soft_member
Soft_member

Your best investment would be getting a better job. You aren't going to make any appreciable money and will just likely lose it all.

Evil_kitten
Evil_kitten

Start NOW don't wait.

happy_sad
happy_sad

thank you kindly

w8t4u
w8t4u

Don't let anyone tell you it's impossible. I started with a $500 account, and would slowly add increments into my account. I've done well this year and I now have a respectable portfolio that makes me $$$

massdebater
massdebater

I started with $200 on Feb, 25, 16. 340 Days later and my account is sitting at $500. If I maintain that rate for 10 years it will be 1.9mil

I would definitely start with what you've got, and learn the ropes, give yourself a set amount you put in for 6 months. and don't add more. Don't fall for the meme stocks. Yes people make money on them, but even more people lose money on them. Also patience is your best friend, I've held stocks for over a month before when I'm down the whole time, and made it out positive. Don't sell negative, always sell positive.

hairygrape
hairygrape

hold my bag for me will ya. i'll be back i promise kek

Playboyize
Playboyize

You could buy 1250 shares of GIGL with half and buy 21 shares of SDIV with half. The risk reward is huge on GIGL, wait a year and it may hit .25 cents and you have huge returns. All while you get free shares from SDIV. When starting small you have the opportunity to take larger risks. here is some DD on the crazy undervalued GIGL it is over a year old, but still relevant.
redchip.com/assets/reports/GIGL_ResearchProfile_20150306.pdf

Risk half and get a good divi with the other half, divis are very important for a young portfolio and SDIV has great exposure to emerging markets and the USA

GoogleCat
GoogleCat

Can't trade GIGL on Robinhood.
Go ahead and shill your stock, but come on, now.

Fuzzy_Logic
Fuzzy_Logic

thank you all for the advice

SniperGod
SniperGod

this faggot lost the $200 and mommy and daddy gave him $500 christmas bucks for being such a good little man.

DeathDog
DeathDog

literally just value invest AMD forever.
t. meme trader who has lost 50% of his portfolio instead of gaining 400% but buying AMD and forgetting about it

ZeroReborn
ZeroReborn

Do you want to learn how to trade or make money?

If you just want to learn and dont mind losing some money while learning then I guess its fine.

You would be better off swing trading, finding companies that are well established and buy them when they take a dip. Think something big like apple, coca cola, microsoft. But for this youd have to risk all your money to make some profit.

For penny stocks it will be harder since you cannot watch the stock market daily & youre limited with the pattern day trading rule so sometimes you wont be able to take advantage of a rise in a stock all the time. Cant short stocks with it either.

Doesnt really matter if you dont learn how to read charts and find info on stocks that are being talked about. Otherwise youre gonna get memed and be left holding a bag of dust.

AwesomeTucker
AwesomeTucker

I started with $100 picked a few stocks, then when I had some more money threw in $300 more. I ended up making ~50 percent profit, and I stopped and cashed out since I got a full-time sales job. Only thing I have left is 5 shares of GEVO, and I'm sitting on that waiting for Trump to back biofuels.

Don't fall for memestocks, I got caught holding the bag once, but I managed to come out positive which means
Don't sell on negative, unless the companies going seriously bankrupt it will probably bounce back eventually
ALWAYS do your DD, and at first stick to industries you know, or trends you see until you're following shit
read up on trading in general, there's tons of info online (investopedia), and there's books
stick to smaller stocks if you're looking to learn, if you just want long term investment and are going to add more money incrementally big companies (AAPL, AMZN, etc.) will be better in the long haul of things. You're not gonna learn with those, as you could only buy 2-3 shares max of the big boys if you're investing that little

GoogleCat
GoogleCat

I've been using RH for the past month now and started with only $300 of capital. I'm now at $350.
I mostly use it just for fun and to get a little familiar with the market before I have enough capital to make more meaningful investments and trades

StrangeWizard
StrangeWizard

Best advice: determine how much you're willing to lose; like meme-tanks-lose-everything in a day; maybe $100 bucks, and use that to chase memes/learn/be a bit fast and loose with. The remainder of your funds, put about 80% in $RSP or $SPY or some vanguard fund, and 20% into a treasury bond ETF like $TLT. Those two aren't exciting, but you will only make gains, never losses. Start now. Read the above. Learn to read graphs; MACD, RSI, candlestick plots; understand EPS, DD, and the different types of trades (Stop-loss, limit, market...).

Ignoramus
Ignoramus

I've been on Robinhood for one whole week now. I started with what I usually budget for fucking around on a weekend. $50. I don't get out much.
So far I've lost $6.
Had I had that 50 bucks in my back pocket, I woulda used it on beer and cigarettes by now.
So as far as I'm concerned I'm up $44.

Methshot
Methshot

I'm terrible with money and waste it
I lost some money gambling, but it's less than I waste
gambling saves me money
I think you're on the right track, user.

FastChef
FastChef

OP have you ever though on investing it in small business in third world shitholes?
I invested 500 bucks in a small business from a colombian user and he have already paid me 5 folds and every month i get 10% share or 100 bucks
500 bucks is a lot of money in these countries

Fuzzy_Logic
Fuzzy_Logic

How did you find him in the first place?

Boy_vs_Girl
Boy_vs_Girl

Here.
He posted talking about his plans for a business
First i thought he was a scamer then i asked for proofs and he proved me
So i send him the money and 2 months later he started sending me money
Just make sure you are not talking to a scamer and everything might be ok

massdebater
massdebater

Sent*
Damn touchboard

askme
askme

I'm an MBA student and I've been reading the WSJ for the last year and a half or so

I'm beginning to understand industry trends but i'm not as knowledgeable as i could be, and i need to learn to read graphs and pay more attention to stock info.

I don't mind losing a little money so I at this point i'd get an RH account and diddle about with it to start learning, but eventually I want to make some money with it

thanks for the advice

StrangeWizard
StrangeWizard

I want to know more about this, how do you guarantee the nigerian prince will actually give you your money?

Nojokur
Nojokur

I didn't, i just made sure that he was not a scamer
I took a leap of faith, i don't want to become an old man, filled with regrets, waiting to die alone

Poker_Star
Poker_Star

an old man, filled with regrets, waiting to die alone
Then you better grab Tom Cruise and make that final charge.

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