I'm thinking of getting into buying and selling stocks because I'm 24 with a kid on the way. I need the cash bad and could use some tips on getting into the stocks game. How do I get set up buying and selling them, what are some things to look for in a company to buy and sell them, etc. Any tips would be appreciated
I'm thinking of getting into buying and selling stocks because I'm 24 with a...
Invest in yourself and get a better job.Trading isnt a poormans game.
you can only make big money with stocks if you have a lot of money to invest...
define big money
With $30,000 you should be glad if you make even a few thousand a year.
Based on what you're looking for, I highly advise that you do NOT get into the stock game. Trading isn't the sort of thing you get into casually for the purpose of making a quick buck. With that approach, there's a significant chance you'll lose your money. If, however, you want to do a bit of research, invest conservatively, and hope that on a timeline of 15-30 years your diversified portfolio (minus management and transactional fees, of course) grows at a rate that outpaces inflation, then go for it. Remember, there are millions of people who do this professionally and come out in the negative. Picking stocks for the purpose of making money quickly is no different than gambling, but if you want to test your luck, then go for it.
Admittedly, if a few thousand a year would make a big difference for a lot of people.
24 with a kid on the way
tips on getting into the stocks game
first tip: don't be strapped for cash lmao
Any tips would be appreciated
use the time you are planning to waste on this to get a second job and actually earn some money
You won't make any money trading chump change.
selling stock in the same year you buy it triggers big capital gains taxes unless you are extremely poor, in which case you probably shouldn't be doing so.
Buy low sell high. Easy as that. Do this and you'll be a millionaire in no time
22 yo professional day trader here ama
Since you said you got a kid on the way I'm gonna help you out this time.
Two rules in trading -
1) Keep it simple
2) Follow the money
Monitor insider trading from those based out of Asia (finviz or insider monkey for hedgefunds holdings).
timeline of 15-30 years
LMAO my dick won't even get hard in 30 years, what's the damn point?
Just buy ethereum. Stocks are for losers
this is like suicide cringe porn, keep it up OP
If you need money bad then work on getting a better job, adjusting your budget to save more, building an emergency fund and then when you have some savings start usuing thr extra money that you arent afraid to lose to invest with.
if you need money bad you will get emotional and fearful of loss and that will likely deplete whatever you started with.
I completely agree. Do the sensible thing and invest in an index fund.
20 years down the road when you have maybe even tripled doubled your money a might even be sitting on $10,000 or so you will thank yourself.
Isnt day trading virtually impossible now that youre competing against supercomputer algorithms n shit? What kind of research do you do?
are you retarded. Give me 30k and ill make a living with trading.
this honestly. Bitcoin too.