Trading in the stock market

I'm thinking about becoming a part-time trader. I've been doing some research, and the more I learn, the more interesting it gets. ATM I signed up to a website that lets you play with virtual money, so I'll see how it goes before I start using real money. I hear 90% of day traders fail within their first year, but that doesn't discourage me from trying to make a reasonable amount. Its unrealistic to think I'll get rich, but maybe if I'm lucky, it'll be my backup source of income.

Anyone here experienced in trading? Got any tips?

Watch financial news. Keep tabs on rumors of corporate mergers, know the trends of other day traders and see how you can benefit from them buying and selling (usually at a few obvious cues), have a long-term investment in a stable company as a backup for the funds your kinda gambling on the less stable shares, try currency speculation as a side project and put your profits into a CD at the end of a year, a 10 year CD has a nice interest rate , do it every year for 10 years and you'll have an extra bit of money rolling in, good part about it is that a CD doesn't count the same on income taxes because you can't access the funds, at least until the term is up.

Invest in the Dollar tree empire. LOOK AT MAH COUNTRYMEN.. THEY BE SHOPPING SINCE THAT THE ONLY FUCKING THING THAT THEIR PAYCHECKS AND FOOD STAMPS CAN AFFORD.

That and coffee and gold markets. Apple is nice since people buy crap for crap stake.

I can't remember what site it is on, and im on a launch break so I can't look it up, but there should be a site or two, that are free, in which you can buy stocks just like a game, so you can practice and get the hang of it.

>Day trading
lel.

Buy stock that is really underpriced, and as I recall, you want it as a side income. So, once you buy that underpriced stock, leave it for 2-5 years untouched. You won't have to look at the stock price every single fucking day and get depressed it goes down by 5 cents, because with really underpriced shares, you know it will go up.

Underprice does not always mean they're performing badly, or in the verge of bankruptcy, hence, you will need a decent amount of finance knowledge and able to read the company's report about how they're performing and stuff.

I don't have an experience in trading, because I'm not interested in doing it, but my dad used to do it the way I just told you, and made 200,000 bucks out of it in 2 years.

I bet GTA 5 was a big reason as to why you are interested in the stock market.

Scroll down for TL;DR


The only trading tip I can give, as terrible and uninspiring of a tip as it can be, is that alot of it comes down to luck. Even the best of markets have times of suffering, and the greater amount a stock can gain in value is directly related in how much can be lost.

Risk is the primary factor; people will always buy coffee and gold will alway be considered valuable, but the greatest amount of money at a fast rate, for the most part, comes from funding products that have alot of growth in front of them.

Play it safe with slow moving markets (by buying in Gold, silver, or any really steady market with few large changes) for slow, low risk payoff or be risky and to get a faster pay off than a few years (Developing technologies is always a fun and often rewarding one, but vast quantity of research in companies and their projects are greatly recommend and can take up quite a sum of your time). There is always a middle ground as well, but that is all up to the amount of risk and payoff you desire.

Diversity can allow for steady payoff to make up for bad trades, but you require more capital to start this in order to really gain anything from spreading out your funds so much.



The second greatest factor is current events. The news (any news) will be something you want to keep an eye on; various events can destroy greatly prospective trades or render obscure ones to great value.

Look at corn: You'd think something so common wouldn't have an erratic market, but the droughts in the areas where it is commonly produced caused a shortage in recent times in the US. Though I'm sure alot of people only minutely noticed an increased price per can, it increased a more noticeable amount for stock traders. This is also added to the shortage added from the creation of cars that run on ethanol which is extracted from corn. The greater amount of research on those cars directly relate to the demand for the product.

That's what I mean about looking at the news; A change in something that seems completely unrelated can change other markets to a great extent. The creation of a new type of car changes corn prices, research in plane design changes rubber prices, and for all we know there will be research in dolphin training that will raise the cost of waffles to astronomical levels.



If anyone wishes to refute what I posted, feel free to, but I really need to sleep now, so don't expect an answer anytime soon. I thank you for reading and thank you for your time as well as wish Yumyum-chan Boss-Finalé-kun good luck on trading Pokemon shares.

Edit: a good note to how tired I am right now: I outright forgot who the OP was and thought it was Yummines for some reason. Sorry about that...



TL;DR right here:

I wrote nothing important. Nothing at all. Just stare at this gif for a few hours and you win.~

Nope, a manga called Billionaire girl inspired me. I was thinking about doing it before reading that, but I was too lazy and broke at the time.

I'm here for Mei.