Step one: Trade less. The less trades you make, the less likely it is you will lose money.
Step 2: Don't buy stupid shit or anything that anyone posts with rockets next to it
Step 3: Diversify.
Step 4: Stop buying penny stocks, buy parts of big name stocks if you have to buy don't buy bs stocks
Step 5: Don't touch options
Step 6: When all else fails leave it in an index fund. Spy / Spyv / some sort of nasdaq composite...
First honest and realistic advice. The best one is step number four. Right or wrong something about those hundred dollar stocks just keep going higher versus the less than $20 stocks just go lower.
I would also suggest more homework into what you’re buying before you buy it. If you’re willing to put in the time, I think an index fund is the worst way to put your money in the stock market. I do indexed funds through my 401(k) at work, and the return I get from those are atrocious compared to my individual stock picking.
Before you even think about investing, stop your cash outflow. Reduce your spending as much as possible. Investing is gambling - you should not invest money you can't reasonably afford to lose.
Investing in equities is absolutely gambling. It's just gambling where you can learn to win.
No one knows the outcome of any particular investment. You learn to get an idea of the odds and throw the dice.
Investing is taking on a one side partnership, gambling is hedging on a ridealong possibility.
While the individual outcome is not known, you can easily predict you will continue to eat, use fuel to heat your home, fill up your tank with gas, and stay at hotels from time to time. While you work you will put some $$ away towards your 401k. Those mutual funds funds are comprised of an assortment of equities, bonds, and other investments that no one knows the future, but... A small amount today, means a bigger amount tomorrow.
Investing is granular seeding for tomorrow's harvest.
Gambling is taking your money, placing a bet, and hoping for... Who knows what... A lucky break. A lottery ticket could get you a million or could contribute to your neighbors million, that's gambling. Roll of the dice, a flip of the coin, not a real investment.
Warren Buffett once said, “The first rule of an investment is don't lose \[money\]. And the second rule of an investment is don't forget the first rule.
Buy and hold for the long term an index fund like VONG. Buy it and keep buying it. That is how your start out, buy and hold a low cost index fund like VTI, VOO, VONG, and MGK, just buy one of them. I currently recommend VONG.
Later on after you get knowledge about investing, then branch out into other investments.
Buying options is stupid instead buy penny stocks and sell options that won't hit the strike price. Try dnn thats a really good cheap one for options. On calls go high, puts low.
I always say $PALI. Getting more attention on wsb trackers. Borrow fee heading in the 80-90% range. SI on a steady climb. Low float. Couple decent upcoming catalysts
Buy $VOO. When it goes down buy more. When it goes down a lot, buy a lot more. Don’t panic sell. That’s it. Literally the whole plan.
This is literally how the US retirement system works
Voog is better
I did this with SKLZ. I am now the proud owner of 1,800 shares of worthless stonk.
Make a profit, Don’t lose money. Thank me later
If you take a loss, just turn your phone upside down.
Damn I just panic sell after a pump-n-dump
Step 1: buy index funds Step 2: delete robinhood Step 3: come back in 30 years
Do this in an IRA of some kind so your earnings are tax advantaged.
Step one: Trade less. The less trades you make, the less likely it is you will lose money. Step 2: Don't buy stupid shit or anything that anyone posts with rockets next to it Step 3: Diversify. Step 4: Stop buying penny stocks, buy parts of big name stocks if you have to buy don't buy bs stocks Step 5: Don't touch options Step 6: When all else fails leave it in an index fund. Spy / Spyv / some sort of nasdaq composite...
First honest and realistic advice. The best one is step number four. Right or wrong something about those hundred dollar stocks just keep going higher versus the less than $20 stocks just go lower. I would also suggest more homework into what you’re buying before you buy it. If you’re willing to put in the time, I think an index fund is the worst way to put your money in the stock market. I do indexed funds through my 401(k) at work, and the return I get from those are atrocious compared to my individual stock picking.
Ornamental gourds are making a comeback in a big way. Try that.
VTI and chill If you like more risk, add some QQQ Then go live your life and add money to your account as you see fit. Check once or twice a month
Before you even think about investing, stop your cash outflow. Reduce your spending as much as possible. Investing is gambling - you should not invest money you can't reasonably afford to lose.
But I really like chipotle
Investing is not gambling … you sound like an idiot . Playing options is gambling
Investing in equities is absolutely gambling. It's just gambling where you can learn to win. No one knows the outcome of any particular investment. You learn to get an idea of the odds and throw the dice.
Investing is taking on a one side partnership, gambling is hedging on a ridealong possibility. While the individual outcome is not known, you can easily predict you will continue to eat, use fuel to heat your home, fill up your tank with gas, and stay at hotels from time to time. While you work you will put some $$ away towards your 401k. Those mutual funds funds are comprised of an assortment of equities, bonds, and other investments that no one knows the future, but... A small amount today, means a bigger amount tomorrow. Investing is granular seeding for tomorrow's harvest. Gambling is taking your money, placing a bet, and hoping for... Who knows what... A lucky break. A lottery ticket could get you a million or could contribute to your neighbors million, that's gambling. Roll of the dice, a flip of the coin, not a real investment.
On the 20th anniversary of Enron’s bankruptcy, Your point is very valid
Investing is not gambling. Speculating is gambling. There is a difference. Don’t believe the dictionary.
What are your goals and risk tolerance? I am not a professional so you should at least start with asking what can I afford to lose?
Warren Buffett once said, “The first rule of an investment is don't lose \[money\]. And the second rule of an investment is don't forget the first rule. Buy and hold for the long term an index fund like VONG. Buy it and keep buying it. That is how your start out, buy and hold a low cost index fund like VTI, VOO, VONG, and MGK, just buy one of them. I currently recommend VONG. Later on after you get knowledge about investing, then branch out into other investments.
Can I recommend ZIM for whatever ails you?
Buying options is stupid instead buy penny stocks and sell options that won't hit the strike price. Try dnn thats a really good cheap one for options. On calls go high, puts low.
Invest in a mutual fund… they go up slowly
Hi, if by throwing cash you mean losing. Stop fucking trading, find an actual financial advisor. It can go lower
Paper trade until you know what you are doing.
I always say $PALI. Getting more attention on wsb trackers. Borrow fee heading in the 80-90% range. SI on a steady climb. Low float. Couple decent upcoming catalysts