Quote:
Originally Posted by Greenstoner
so i dont know stock one bit but willing to learn.
what do you guys suggest i do first ? should i be touching penny stock at all ?
i dont have much, only budget myself $1k to 1.5k max to play with.. is this a good starting budget ?
|
I would say your budget it a bit low. A typical trade's commission is like $10 and that would be 1% of your capital if it is lets say $1000. Just know that in trading bulls make money, bears make money, hogs gets slaughtered. If you don't know who the hogs are then it's probably you. Wall Street needs a new batch of idiots every day so they can make their ends meet. I don't want to scare you but the whole system is designed for you to fail. Only the selective few makes it big. That's why 99.5% of population out there work "real jobs" and do not trade because it is simply too damn hard for them.