Quote:
Originally Posted by s0apgun
i thought to do day trading you must have a minimum of a couple thousand to start trading.
other wise investing in stock and switching your placements through like e-trade isnt a good way to trade stock.
i think trading currency is minimum $250.
anyone who knows more about this chime in please and fill me in.
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i started with less than a grand on scottrade. i took it all easy, kept all my money in blue chips, for a very long time. about a year ago i got a little more active, and now i monitor my stocks while i'm at work. all you ford haters, i made 8% from thursday to monday
to really see gains, though, you do need several thousand in. but start small. don't even put money in if you haven't done it before. give yourself a fake grand of capital, and write down your trades. and don't fudge your numbers. do it for a month. don't forget that it's 7 bucks a trade, buying or selling.
Money magazine wrote a good book on stock trading. it's about 20 years old but it's worth a read, it's about 120 pages. find it.
oh, and go watch Wall Street. it's the Fast and the Furious of the stock market. and maybe Boiler Room, too. that one has vin diesel even >.<
make a yahoo account if you don't have one. finance.yahoo.com is invaluable. make a portfolio, track the stocks you're interested in.
get a subscription to USA Today. throw away everything but the Money section. and if you have Adderall, try reading the WSJ. it's fucking BORING, though.