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>be me >first day trading >look for stocks, find one

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Thread replies: 27
Thread images: 3

>be me
>first day trading
>look for stocks, find one that looks promising at a 52 week low ($3.90)
>spend 400
>mfw when I've lost $60 already

Never gonna make it
>>
File: advice1.jpg (75KB, 400x398px) Image search: [iqdb] [SauceNao] [Google]
advice1.jpg
75KB, 400x398px
>>984520
>>
>trading stocks
When will people learn you don't trade stocks, you invest in them
>>
>>984536
It's gonna go back up, I was memeing
>>
>>984541
Good, buy more
>>
>>984541

or it goes insolvent.

>babby plays se with 400 bucks
>>
>>984547
I started with a $1000, don't want to put all of my eggs in one basket
>>
>>984549
$NAL

I don't think so lad
>>
Retards buy stocks on 52 week lows. Buy growth stocks that are making all time highs.
>>
>>984553
>$NAL

did you just get out of cryostasis or something?
>>
>>984564
Huh?
>>
>>984520
>ITT OP catches a falling knife, wonders why he got cut
>>
Way to go, trading crappy penny stock, and not using options which are more appropriate for your capital.
>>
>>984601
>penny stock

It's not a penny stock
>>
>>984617

Have you even taken a Finance class? Any stock under $5 on major exchanges are considered penny stocks.
>>
>>984520
How did it look for the years prior? Was there a reason it's at a 52 week low? Is there a reason it will come back up?
>>
>>984601
>options
>thinks OP can get margin privileges with 1000 in a cash account.
>>
>>984570

$NAL merged in 2011 and has been off the market for for 4.5 years now.
>>
>>984520
You want the money too much if $60 is hurting you. Quit now, trading is the hardest job you can do, its a real head fucker.

http://www.bloomberg.com/news/articles/2015-08-28/while-many-panicked-japanese-day-trader-made-34-million
>>
>>984646
>off the market

How do you find that out?
>>
>>984664

le sekrit dark jewminati netwerk
>>
>>984662
Nothing like it, though.
Some days, anyway.
>>
Look everyone: OP is investing his chicken tendies money. Now everyone laugh.
>>
1 year is far too small of a time scale to pick undervalued stocks. Try 10 or 15 years.

A lot of the commodity stocks here in Australia have reverted back to price levels not seen since 2001-2005. It's crazy.
>>
>>984520
>picking stocks
>2015
>>
>>984536
this is true for most people (especially retail), but to say you can't trade stocks is silly
>>
File: images.jpg (11KB, 225x225px) Image search: [iqdb] [SauceNao] [Google]
images.jpg
11KB, 225x225px
>>984520
how's that buying a dead horse is working for you
Thread posts: 27
Thread images: 3


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