Some forums can only be seen by registered members. Originally Posted by mullman. IMHO Day Traders are part of the problem. Buy what you are comfortable with and hold. If you want to try and get a quick buck, try Las Vegas. I'll figure it out on my own. Some got six month some got one solid. But me and my buddies all got lifetime here. Originally Posted by himain.
Hey Himain, there aren't really any local classes that I have found. I think these classes are very helpful for planning anyone's financial future. Based on this post, there are a few things you may be looking at , such as the basics of stock, how they work, etc.
Thats the general piece. Where you get into specifics is the actual process and system you use. Let me give you an example: If you use Scottrade, E-Trade, etc. They have online trading and offer some training on how to use their system, which is what you really need. I use Scottrade for basic trading, they have some local branches, high customer service and cheap trades. Other things to consider are holding fees, i.
Some places, like investment firms, Wells, Bank of America, etc, give you personal contacts to work with you. I believe Schwab has both offers. The next level is doing things like shorts, block trades, futures, call options, etc.
Those take a lot more work and have more risk. Nothing something a beginer should be dealing in, IMHO. Investment advice is a totally different matter, there are classes about how best invest in your circumstance.
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What works best for your situation, but won't pick your bets, just show you the game board and some options. Also many advisors usually do this for free. They will give you generic info on how to invest your money, but wouldn't say buy shares of this company, you will make big bucks.
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Originally Posted by LLN. Every stock you want to buy someone wants to sell. Do you have more knowledge of that stock than your partner in the transaction? Many traders have legions of researchers working to support their trade decisions.
Many traders talk with CEO's about the company and its prospects. And believe it or not, many have or obtain, "insider knowledge.
If you really want to match wits with the pro's and I admit, they frequently "get it wrong, too" your time might be better spent learning about a specific company or industry sector and its mid to long term direction, than learning the mechanics of trading. You make money on your assessment of the stock and its future, not on how you implement that assessment.
Last edited by Whytewulf; at There are "trading schools" that will gladly take your money to teach you how to trade There is one right around here in Huntersville.. Trading futures profitably is very difficult.
Here is something strange: However, you have to start somewhere and everyone is very nice so you might be able to get someone to help you or tutor you. My personal thoughts on the matter after day trading for almost 5 years now is that it is more and more like gambling and less of a science. Once you learn the basics on how to trade, you will need to find a strategy that works.
I have spent years trying to find one. I have even bought some that cost thousands of dollars. None of them work in the long term. Most work well for a few months or maybe even a year or two but eventually you will start to lose more money then you are making.
I think there is a happy medium between active day trading and long term investing that should outperform the market averages in the long term. I am trying to find that "happy place" right now. Please register to post and access all features of our very popular forum. It is free and quick. Additional giveaways are planned.
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Page 3 of 3. Originally Posted by mullman IMHO Day Traders are part of the problem. Way up high 13, posts, read 18,, times Reputation: But me and my buddies all got lifetime here 4, posts, read 8,, times Reputation: Originally Posted by himain Forget I asked. Huntersville 1, posts, read 4,, times Reputation: Originally Posted by LLN Please remember this.