I know absolutely nothing about the stock market other than buy

Thread replies: 9
Thread images: 1

Anonymous
2016-09-12 23:54:31 Post No. 1499021
[Report] Image search: [Google]

File: robinhood-stock-trading-app-3.jpg (83KB, 575x390px) Image search: [Google]

Anonymous 2016-09-12 23:54:31 Post No. 1499021 [Report]

I know absolutely nothing about the stock market other than buy low sell high. I just downloaded the Robinhood App and I have around $500 disposable dollars to play with. Would the be any negative to me buying random stocks and selling them in 1 or 2 days? Losing the money isnt a huge deal, I just dont know if there is some weird rule about buying shit and selling it soon.

>also tips for becoming rich off the stock market.

Anonymous 2016-09-12 23:55:31 Post No.1499023
[Report]

Anonymous 2016-09-12 23:55:31 Post No.1499023 [Report]

>>1499021
when you sell something your $$ from the sale is tied up for 3 days while it 'settles'

Anonymous 2016-09-12 23:58:14 Post No.1499028
[Report]

Anonymous 2016-09-12 23:58:14 Post No.1499028 [Report]

>>1499023
But if I dont really have a need for the money, how is that a huge negative? Other than the fact that I cant buy more shit. I am not questioning what you are saying just trying to understand it all.

Anonymous 2016-09-13 00:03:01 Post No.1499042
[Report]

Anonymous 2016-09-13 00:03:01 Post No.1499042 [Report]

>>1499028
Rule #1 when trading is to preserve capital. Why would you willingly throw away $500? Why not just look at the stocks, write them down, paper trade, etc? That's free to do.

Anonymous 2016-09-13 00:08:22 Post No.1499053
[Report]

Anonymous 2016-09-13 00:08:22 Post No.1499053 [Report]

>>1499021
>buying random stocks
There's a winning strategy.

Anonymous 2016-09-13 00:12:07 Post No.1499061
[Report]

Anonymous 2016-09-13 00:12:07 Post No.1499061 [Report]

Buying random stock is kinda silly.

Instead, do some RESEARCH and buy stocks you actually like. Try and make it a mix of companies you personally like and "real" companies you find through your travels.

Learning about investing is always a good idea. There are just good and bad ways to do it.

Anonymous 2016-09-13 00:13:21 Post No.1499063
[Report]

Anonymous 2016-09-13 00:13:21 Post No.1499063 [Report]

>>1499028
If you don't care about the money spend it on powerball you insufferable shit.

Anonymous 2016-09-13 00:28:13 Post No.1499089
[Report]

Anonymous 2016-09-13 00:28:13 Post No.1499089 [Report]

>>1499021

invest in NASDAQ: Knee-pads Inc. (KPAD)

Anonymous 2016-09-13 00:54:50 Post No.1499133
[Report]

Anonymous 2016-09-13 00:54:50 Post No.1499133 [Report]

>>1499089
Wtf are you talking about? The symbol is KNPD not KPAD

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/