Anybody play the stock market?

[npor]

Can someone give me like a crash-course intro to stock trading? My parents have stock in a few companies, but I've never asked them anything about it. I'm looking for the basics, a "how-to" essentially.

What do things like Bid, Ask, and Volume mean?

If I invested $800 in a company, could I sell that stock I bought the next day?

What do I need to do to buy stock? Is it just like a store, I type in how much money I want to spend, then click buy?

Any tips, ect?

When trading what does "Price type" mean? The sub categories, "Market", "Limit", "Stop", "Stop Limit", "Trailing Stop $" and "Trailing Stop %"

When it comes to Order Type, "buy", "sell", "sell short", and "buy to cover"?

I know absolutely nothing, and I'm very willing to learn.


I'd really appricieate it if the unnecessary, and uneducated comments were kept out of this thread.

[Pandemic]

buy P&G stock and leave it alone for 50 years - instant millionaire

[Ralphie]

I dont know nothing about that shit but im about to invest in some Tbills....increments of 1000$ and your guaranteed interest.

[Gemini]

my cousin does and he has been schooling me lately on the dos and donts. im looking into getting some shares of Visa seeing hat they are going public finally . I hope theirworth doubles in six months so i can pull cash out.

[Dinner_Time]

You can earn a lot or lose everything, be careful. I don't' do it, but I have some investments going right now. Stocks are too risky, you could become wealthy, but then lose everything the next day without even knowing.

My dad went to the stock exchange in Toronto and the tour guide said most of the homeless in that area were once wealthy stock traders, but literally went crazy from the stress and lost it all.

[DA92CB7]

I suggest you not just buy and sell something you bought the day before you won't make money that way you have to sit on it for a while and ride it out there is of course more risk but if you can learn to read the market you can pull out in time and make some good money. Mutual funds are great investments cause you just dump money in and let it grow. I need to start getting money set aside for retirement and or emergencies.

[Bcozzi71]

i no nothing about stocks except it hit or miss......my teacher bought 5000 shares of some company for $0.38 than just sold them all for $22.56 a share .......

[DarkRidgeRacer]

If you want to be a millionaire I'll tell you what to do. I'm doing it my self and by the time I hit 40 I'll be millionaire and I'll be able to kickback and enjoy life. I'm Investing $200 into bank of america and in 20 years I'm going to kick it. Bank of america just bought some big bank company about a few months back. I've calculated that just 200 a month will be around 1.4 to 1.8 million by 20 years.

[Dinner_Time]

If you want to be a millionaire I'll tell you what to do. I'm doing it my self and by the time I hit 40 I'll be millionaire and I'll be able to kickback and enjoy life. I'm Investing $200 into bank of america and in 20 years I'm going to kick it. Bank of america just bought some big bank company about a few months back. I've calculated that just 200 a month will be around 1.4 to 1.8 million by 20 years.

Word, investing is the best way. Setup an automatic checking account that withdraws a certain amount each month and puts it into your investment(s). They say 10% of each paycheck, but more is better in the long run . You should read "The Wealthy Barber"

[JoshM]

i no nothing about stocks except it hit or miss......my teacher bought 5000 shares of some company for $0.38 than just sold them all for $22.56 a share .......

$100,000 profit? Not bad!

[owequitit]

$100,000 profit? Not bad!

It will be closer to $50,000 by the time taxes are taken out.

[verothacamaro]

3 words.


buying on margin.

[verothacamaro]

It will be closer to $50,000 by the time taxes are taken out.

Unless she moves those funds to an IRA, where she'll be able to (hopefully) grow more capital, and if she 'plays' it right, she'll be in an $18k a year job, which means lower tier tax bracket.

[owequitit]

Unless she moves those funds to an IRA, where she'll be able to (hopefully) grow more capital, and if she 'plays' it right, she'll be in an $18k a year job, which means lower tier tax bracket.

Very few teachers actually make that low of an income anymore, and yes, there are ways around it, but if they snake the taxes out, it will shrink fast.

[xfactortype1]

sharebuilder with an ira for you

since you know nothing i think you should open an ira an just put money away from checking act. like have it automatically deducted from you bank acount monthly or whatever you can afford. then pick 5 stock in different sectors of the market. like one financial, one energy, one technology, one retail, and one healthcare. then dollars cost average over the long haul and dont worry about dialy market swings. remember good companies with good earnings. i could go on but hey. imma windbag!

trying to play the market and not know nothing is asking to lose money.

companies i like and i think are undervaled based on growth and earnings, p/e ratio, reg ratio, and blah blah blah.

dividends are also very nice.

i like sep, se, rio, nm, egle, intc, msft, solf, ohi, o, acgy

well thats my rant