Any stock traders out there?

Goldy

I have started dabbling in the stock market and was wondering if anyone here trades. I just started so I really dont know much other than how to buy and sell. Its pretty fun though.

illinoisgolf99

I trade a bit, nothing huge but I think it's fun, whos your broker?

Goldy

Scotttrade. I mostly trade things I know which are metals and mining companies. Who do you use?

Matt Marvel

I've put some thought into it. It's something that I've wanted to try and get into for quite some time, I just never have.

illinoisgolf99

clearlysuspect

I manage my own Portfolio, do quite a few purchases each month, and I use buyandhold.com to execute my trades for me. I pay 14.99 per month for unlimited transactions.

Hays

clearlysuspect:

I pay 14.99 per month for unlimited transactions.

Whoa... that's awesome. What's the qualification for an account with them?

Luko

All my money is currently tied up in credit cards.

urbino

lol

clearlysuspect

Hays:

clearlysuspect:

I pay 14.99 per month for unlimited transactions.

Whoa... that's awesome. What's the qualification for an account with them?

Sign up. Start buying. Some basics is that there is a minimum of $20 per trade and there are some stocks that you cannot buy through them (they have a list of all available stocks on their front page). They have several educational studies on their site, but I'd rate their research tools rather low. I keep a mock portfolio that mirrors my actual portfolio on smartmoney.com because their research and tracking tools are far superior. They really try to teach the "buy and hold" method of "cost averaging." My first goal was to build enough dividend stocks to pay my $45.00 per quarter cost to trade through buyandhold.com, so now I essentially trade for free.

Crusader1545

I dabble in stock made a ton on spng a while back I use etrade check out owvi and cbai I have high hopes for them also if you are just getting into stocks go to investorshub ( google it it has a weird adress) I flip penny stocks if you wanna know more Lennie know

lilwing88

Crusader1545:

I dabble in stock made a ton on spng a while back I use etrade check out owvi and cbai I have high hopes for them also if you are just getting into stocks go to investorshub ( google it it has a weird adress) I flip penny stocks if you wanna know more Lennie know

I've been wanting to buy a few penny stocks....... Anything look good lately?

sightunseen

I started buying when the market tanked last March. Up about 30% so far. I'm a buy and hold guy and I've missed out on some opportunities in the past couple of months.

xmacro

Same with me ^ I use a buy & hold strategy (don't like the risks of day-trading/flipping, and besides - buy/hold worked for Warren Buffet), and I started buying in December through March - now I'm up by $2-3k; mostly just bought blue chips like GE, Wal-mart. I use scottrade - can't beat $7 trades since I only buy every few months or so

Rob1110

another one for sharebuilder. I dabble in different areas, but have done fairly well with a few biotech companies. Oh and pier one. Never would have thought that would jump as high as it has. Wish I bought more.

clearlysuspect

Theedge

To be fair....it wasn't hard to pick stocks that went up last year. I had a mutual fund go up 77%. I use Vanguard and had a brokerage account for a while. Between my gains and losses I wasn't doing any better than my mutuals.

Goldy

illinoisgolf99

yea same here I dont know where to look, any advice?

illinoisgolf99

also wondering what kind of volume you guys deal in if you feel cool postin it

clearlysuspect

I was trading several hundered dollars, sometimes as much as a thousand, a month when the market hit rock bottom. That was only for a few months. I usually allow myself $60-100/mo to invest in stocks with. Pretty conservative really, but I don't claim to be an expert. This is more of a hobby than anything.

clearlysuspect

Theedge:

To be fair....it wasn't hard to pick stocks that went up last year. I had a mutual fund go up 77%. I use Vanguard and had a brokerage account for a while. Between my gains and losses I wasn't doing any better than my mutuals.

This is true. The beauty of it is that in a buy and hold strategy, the object is to double your money every 5 years. Last year was a huge help to beginner investors like myself as I almost reached my 5 year goal in 1 year.

Crusader1545

illinoisgolf99

wow those numbers are pretty impressive, how do you find the penny stocks?

Crusader1545

I normally find them on the site I posted above. in the top 10 forums I also go with what the public is trending toward. I found CBAI from an article on forbes.com about obamas health care plan funneling money to companies in cord blood comapnies in hopes that it would be viable in the fututre to grow your own kidney or liver instead of relying on donors and such. currently the hospital gives the option at birth but you have to pay it out of pocket....under obama care it will be covered.so HUGE gains if obama care goes through (I dont support obama care) and good gains if it doesent win win in my opinion. and ill pass on this tidbit....A wise man once told me....buy stock in jacket companies in the middle of summer and buy stock in bathingsuit companies in the dead of winter.....then sell them as they come in season.

clearlysuspect

Crusader1545:

I normally find them on the site I posted above. in the top 10 forums I also go with what the public is trending toward. I found CBAI from an article on forbes.com about obamas health care plan funneling money to companies in cord blood comapnies in hopes that it would be viable in the fututre to grow your own kidney or liver instead of relying on donors and such. currently the hospital gives the option at birth but you have to pay it out of pocket....under obama care it will be covered.so HUGE gains if obama care goes through (I dont support obama care) and good gains if it doesent win win in my opinion. and ill pass on this tidbit....A wise man once told me....buy stock in jacket companies in the middle of summer and buy stock in bathingsuit companies in the dead of winter.....then sell them as they come in season.

My mentor taught me "don't invest in trends or products, invest in management."

Crusader1545

Goldy

xmacro

Goldy

Thanks for that! It pretty much sums up what I was thinking. I only follow metal that close because it pretty much determines if I have a job or not.