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What is the absolute lowest someone could start investing to really get a good feel and gain experience with the stock market?
I see some people on here from time to time who claim to go in with only $100, now I understand that is a low amount and that if you did start earning any kind of profit it would be slow paced. But however is it technically possible to continue to double up on a monthly basis if you were really smart about it and let's say for an example I was using Robinhood.
Now I do understand all of the memes, but again hypothetically speaking here could I turn $100 into $200 within one month on Robinhood?
Also what's /biz/ opinion on $100 to get started in penny stocks or lower end stocks that seem to be doing well and being potentially a small profit made in investing?
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>>1472673
Options:
A) Save your money until you have a realistic amount.
B) Start with $100. Fail miserably.
Repeat B until you finally adopt A, or proceed to
C) Become disillusioned with the market and quit entirely.
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>>1473349
lol. so true
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You can paper trade with no money at all.
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>>1472673
I started with 10k, first investment was a loss but I learned a lot out of it. the next three were all good 100% to 200% range.
>yes it was TSLA :)
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>>1472673
$10,000.
That way on a (realistic) good day your 1% total gain would be $100 for that day. Unless the average employed person is earning triple digits at once they don't truly give a shit.
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Start on your meager pittance just to get into good habits. It's 100% better than wasting it on beer or bitches, even if you make cents.
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