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Ok, so how many of you crazy fuckers trade stocks?

HorseLover117 said:
As with any skill it takes time and practice to learn, there are MANY methods of trading and they all come with varying risk/reward and skill needed to be profitable. I recommend taking the time to determine your financial situation and time available to trade then do some research on the varying types of trading to find one that will fit both our budget and time constraints. Once you've done that you should study that particular method of trading and ensure you have a good basic understanding of the process as they are each different. When you are confident in your choice and basic understanding then find a trading platform that meets your needs and open a demo account, This will often allow you to familiarize yourself with the platform and begin trading with "play money" so you can practice before spending real money. When you feel you are ready then jump in with a real account and see how it goes.
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There are so many books written by unscrupulous "get rich quick" authors that make their living doing seminars and pyramid schemes. Is there a legitimately good book by a financial professional that is geared towards the beginner investor? A book that every investor would know by name, an industry standard.
 
Well the "industry standard" is to get a formal education in finance and get hired to work at a bank or brokerage and build experience that way. For us personal investors the best we can do is educate ourselves with the tools available. Yes there are those individuals selling garbage get ritch quick schemes Tim Sykes comes to mind.... Avoid penny stocks. The big names out there such as Ross Cameron are selling a method of trading and I can say first hand it does work however it isn't for everyone. Unfortunately there is no Willie Wonka and there is no golden ticket, Its a lot of trial and error until you find what works for you. Some people go out and get it fairly quickly but most do not.... YOU WILL LIKELY LOSE MONEY learning to do this and thats just how it goes.
 
Oddly enough youtube is full of knowledge on the subject as well as skill share. I personally paid the $4000 CAD to learn from Ross Cameron and I was happy with the result but I could have learned the same skills the long way for free.
 
I've been getting more and more into it. Did more with Crypto. But had to cash out due to personal reasons. Now one has gone so high up that it feels impossible to hop back on. I've been a little lucky with a couple of stocks that sky rocketed it. (Not counting that Gamestop and AMC thing that happened... But wish I knew about it)
 
zooinspain said:
bought bitcoin for $ 100, but I don't seem to be making much on it- it's now $ 130,
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I'm not sure why you think a $100 purchase of Bitcoin would turn into millions overnight. The people who made fortunes from $100 got into it a decade ago.

At this point you might see a 20-to-1 return in five years. Even the most optimistic people only hype a 7X return in the next year, but most talk about a 2X or 3X.
 
KitsuneMichiru said:
I should peek at the freebie one I got on robin Hood 2 years ago... Last I saw it was less than a dollar
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They always give junk stocks as the free stock. Funny story though, a friend of mine got a share of GameStop when he signed up a couple years ago. He looked at the company and said “meh, they’re going nowhere” and sold it for around $1 lol. I think it peaked at nearly $500.
 
Octavian said:
They always give junk stocks as the free stock. Funny story though, a friend of mine got a share of GameStop when he signed up a couple years ago. He looked at the company and said “meh, they’re going nowhere” and sold it for around $1 lol. I think it peaked at nearly $500.
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I sold 28 shares last week at 49.00, 2 days later it hit 165.00 lol
 
Porky said:
I'm not sure why you think a $100 purchase of Bitcoin would turn into millions overnight. The people who made fortunes from $100 got into it a decade ago.

At this point you might see a 20-to-1 return in five years. Even the most optimistic people only hype a 7X return in the next year, but most talk about a 2X or 3X.
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Thinking about btc makes me sad.
 
HorseLover117 said:
Oddly enough youtube is full of knowledge on the subject as well as skill share. I personally paid the $4000 CAD to learn from Ross Cameron and I was happy with the result but I could have learned the same skills the long way for free.
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It takes many years of trial-and-error to learn how to trade stocks (or crypto) and not lose your shirt. Basically like any other skill.
 
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