WOW OZ....... that's impressive, i'm not as young as you are......27 here, but I feel like i am more like 10 when it comes to stocks and investing. hope i can make some gains like that. did you do alot of trading to get there or just get some good stocks that skyrocketed?
I think your like me and best suited to [b:b7cbfa4a43]Sharebuilder[/b:b7cbfa4a43]. We don't have thousands to throw in every month and are looking for long term. You can always move your stocks to another online trader later, you don't have to sell them if you want to move. Bob
Nice to meet meet you Oz and Dizzle! :welcome to the forums :)
Welcome aboard JDizzle! :welcome You have the two primary recommendations already. Let's contrast them based on the style you plan on using to trade: 1) If you plan on making small period savings into your investment account, then you should probably use ShareBuilder and buy small amounts of stocks weekly. 2) If you plan on trading the $500 then you can go with Scottrade. You will only use about 1.3% of your capital on trades. If you can add $500 or more regularly, then this is the option. It's just a matter of deciding which option is best for you.
I basically held stocks for a period of 2-4 months but there are exeptions. LIke for MDTL, i've had for about 2 years (bought at 7, now at 12-15) but i buy stocks saying i will sell them by the end of the week but my greediness takes over and end up holding them for longer which for so far has been good. Now that i have more money i well be investing less in penny stocks and move to the 1-5 dollar range (which r still classisfied as penny stocks ) and then hopefully if i make more then to larger companies and so on. But i would strongly suggest Scottrade still.
But i have had only like 5 stocks MAX in my portofolio and since i have school i cant sit around and make day trades which is at my disadvantage when im trading with penny stocks,
I hope to have as much success as you Ozzy. I'm 15 and have a custodian account as well... gonna move over to Sharebuilder or maybe Scottrade, not sure yet. See my other post for more details.
yea but just as advice to our under 18 members with scottrade its really easy to sell so basically when i get back from school at 3:45, for 15 min i can sell and buy penny stocks that i had bought yesterday during that same time period. So basically outta the whole day i only trade for 15 minutes and ive been gettin quite lucky by beeing greedy but im going to cut down on that and the best post ive heard so far (not so sure who said it ) is to have a SET BUY price and SET target price to sell. Therefore, u cant b 2 greedy and ive started to do this. Sometimes your going to want to slap yourself but others u will thank god! :)
You can make 3 trades a year and make a ton of money.
Wait till your out of school to trade during the day! Making just a few smart choices in the stock market can also make good returns.. What stocks do you own?
Right now I currently own MDTL (STRONG BUY expecting to be around 50 by end of year developing fuel cell to recharge electronics) BWEB, ICGE, AVR, JUNI, GDVI
What did u find interesting about JUNI? What did ur research say? I'm gonna research on them quickly to get a general idea on them.
To tell you the truth i did almost no research on juni, a friend advised it to me and i saw that it was at .5 and at 9 1 year ago i thoiugt it could possibly have a comeback
Betting on whether a company will be able to develop a working fuel cell is certainly a bit speculative.
RULE OF THUMB : Never relie on anyones advising.... here at this forum we all are i should say have some expertise in seeing good or bads in a stock.. we each have our risk factors and mainly of all we don't like to loose money... if even if we advise a stock don't take our word for it.... do ur research and look if u are able to hold the risk level.... and if then it sounds reasonable to u that u can make money in it... this thinking will i can tell u save u a lot of losses... and make u money over the long hall.... in my tiny investment experience. chahine
I agree but being 14 and pretty damn lazy with loads of homework every night (no its not researching stocks) i dont have much time so sometimes i take peoples words. Sometimes i slap myself like with JUNI bought 500 at .5 now at .25. I would recomend to buy it no tho VERY versatile up and down about .1 every day but low volume. I agree chahiname
im myself a student i know what u mean. I sometimes have to struggle a bit with it myself... What i do is look at large stocks and over a perior of a week look at 1 stock only giving myself an average of 1 hour a day. i personally consider it as homework and that helps me stay focused on it. maybe it will help u chahine
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