Silk Road forums
Discussion => Off topic => Topic started by: graffix on March 27, 2013, 07:31 pm
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After getting into bitcoins and seeing how its possible to make some decent money I started thinking more about stocks.
Are there any easy to buy stock websites that are easy to buy stocks from?
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I know lots of people who became millionaires trading stocks. before they started trading, they were billionaires.
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I know lots of people who became millionaires trading stocks. before they started trading, they were billionaires.
Sounds like you know a bunch of failures.
OP, I would recommend checking out E-trade or Scottrade. You need to fund a brokerage with money first and then you can buy/sell stocks through them in real-time. The hard part is knowing what to buy and when to buy it. Good luck!
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I know lots of people who became millionaires trading stocks. before they started trading, they were billionaires.
Sounds like you know a bunch of failures.
OP, I would recommend checking out E-trade or Scottrade. You need to fund a brokerage with money first and then you can buy/sell stocks through them in real-time. The hard part is knowing what to buy and when to buy it. Good luck!
HEAT, i, is right!
To the OP, stock market speculation is something that should be in your tertiary investing pecking order.
Hell, drugs are more predictable of an investment than the stock market and this is from someone who studied for, and held, 3 different financial services licenses.
Look at your gifts, skills, and trades FIRST. Invest in something tangible, SECOND. And if you still have extra income, open an account with OptionsXpress (my personal opinion) and do more homework (investopedia.com) than buying and selling. Don't get emotional, and you just might make some money.
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Thanks guys, I'll check out those links for sure!
And just my luck, I was trying to buy a bunch of stuff on SR today, and of course Dwolla had to be down today so I couldn't buy anything...
AND of course, bitcoins drop in price bigtime...sigh..would of had a nice discount buying stuff like I wanted to today...damnit. I'm hoping it goes back up a bit by tommorow now instead of this huge decline.
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What country are you based in?
There are many online brokerages you can choose from. Just don't let your emotions get in the way of trading. Biggest lesson I have learned.
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I know lots of people who became millionaires trading stocks. before they started trading, they were billionaires.
+1 Agreed
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What country are you based in?
There are many online brokerages you can choose from. Just don't let your emotions get in the way of trading. Biggest lesson I have learned.
USA...
And yeah, I just learned that lesson yesterday big time... I did the noob mistake and panicked, sold my btc for 77,then rebought at 94..talk about big mistakes yesterday...I lost a good amount panicking. Should of just rode it out, would of been back in the positives today...
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Check out the following for a small list of online brokers in the U.S:
**CLEARNET WARNING**
http://www.nasdaq.com/investing/online-brokers/#.UVYi1xxTARI
**CLEARNET WARNING**
Yep, emotions will fuck you up when it comes to trading. You need to base your investment decisions on logic and a little bit of luck. That said, there are a number of strategies other traders will swear by, that may not work for you personally. It's all about finding the right ones, doing your homework and going from there. Maybe start out with a dummy account and see how you go after one week. Personally, I do not hold for longer than 48 hours when trading, but that is just me. I have 3 stocks that I keep due to their solid dividends. The others I day trade.
Another piece of advice: stay away from CFD's (although I'm pretty sure these are banned in the U.S) unless you really know what you're doing.
I see BTC as a solid investment for the forseeable future, due to the growth of SR and instability in the EU. Can't hurt to hold a few coins in a dummy SR account for a month or so...
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Read at least one reputable book about trading before you try risking anything more than 2% of your annual income.
That's my advice. I would read three or four, and mess around with a few thousand to start.
lelmeriodici