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ok, i have the oppurtunity to invest 2000$ into the stock market

M

MikeMike

Lifer
now we are talkin real money. no fake games.

i need to do research on more stock terms, get myself acquainted with the game.

none of the money is mine. 1K is my fathers, 1K is my fathers boss'

i need to gain more knowledge upon what pre-market, and after-market trading is.

most likely, how i will do this, is possibly through a day trade sort of deal. i will make a commision based upon the profit i make.

i start with 1 K from each person, as the amt increases or decreases, i can spend that much more or less. this will most likely be over 3 month time span. In that period, i hope to make some college spending money. Is there any good books out there that explain the market in great detail that i can rent from the library?

MIKE
 
ATAR

(UT2k4 - biggest game of the year)


oh sorry this didn't answer your question very well. i don't know about books because i haven't read any, the only thing i can suggest is stick with companies that you KNOW. for instance, i have built my computer, and a big computer person, so it's pretty easy for me to tell what stocks are gonna be good. example - after the radeon 9700 pro, i invested into ATYT (ati) and made some good $. should've held it though, would've 2.5x my money.

another piece of advice, if you know your company is solid and should be going up but instead it goes down for mysterious reasons, do NOT SELL. i learned this the hard way when i bought into AMD before the A64 launch. after it got launched i thought it would go up a lot, it didn't mainly because of production problems, stupid analysts, and the emergency edition. if i had held i would have +70% my money 🙁, instead i lost some.
 
Originally posted by: BaboonGuy
ATAR

(UT2k4 - biggest game of the year)
Click to expand...

dude, i dont need hints.

i want literature.

yea, tell me why atar went down .01 points today. the stock i invested in in my game went up 1.4 points.

yesterday, the stock i was in went up 14 points. (ok, ok, that was PURE luck, they announced a 2 to 1 split. and it was an 80$ stock to begin with)

(sorry, this isnt ment to offend you, i just dont need hints)

MIKE
 
Throw it into an index fund and be done with it. You're not going to make enough on arbitrages to make it worth the hassle with only $2,000 to play with. You generally need at least $5,000 to even begin to play with things like options that will give you the leverage you'll need.

ZV
 
Originally posted by: nourdmrolNMT1
Originally posted by: BaboonGuy
ATAR

(UT2k4 - biggest game of the year)
Click to expand...

dude, i dont need hints.

i want literature.

yea, tell me why atar went down .01 points today. the stock i invested in in my game went up 1.4 points.

yesterday, the stock i was in went up 14 points. (ok, ok, that was PURE luck, they announced a 2 to 1 split. and it was an 80$ stock to begin with)

(sorry, this isnt ment to offend you, i just dont need hints)

MIKE
Click to expand...

whoop-dee-doo you made money by gambling in TASR...you might as well have gone to a blackjack table

just read through articles in yahoo finance and the motley fool to get you acclimated to daytrading. the funny thing about trading and such is that so many people have different types of trading strategies and advice that it's more a matter of what you want to do. one thing to note, with $2K commissions will start eating away at that pretty quickly.
 
Originally posted by: darkshadow1
Originally posted by: nourdmrolNMT1
Originally posted by: BaboonGuy
ATAR

(UT2k4 - biggest game of the year)
Click to expand...

dude, i dont need hints.

i want literature.

yea, tell me why atar went down .01 points today. the stock i invested in in my game went up 1.4 points.

yesterday, the stock i was in went up 14 points. (ok, ok, that was PURE luck, they announced a 2 to 1 split. and it was an 80$ stock to begin with)

(sorry, this isnt ment to offend you, i just dont need hints)

MIKE
Click to expand...

whoop-dee-doo you made money by gambling in TASR...you might as well have gone to a blackjack table

just read through articles in yahoo finance and the motley fool to get you acclimated to daytrading. the funny thing about trading and such is that so many people have different types of trading strategies and advice that it's more a matter of what you want to do. one thing to note, with $2K commissions will start eating away at that pretty quickly.
Click to expand...

i agree about the gambling part, thats why you gotta pick stocks that you really know about. although commissions wont be much of an issue if you go with scottrade

 
If you're looking for some beginning investor education, check out www.fool.com and www.morningstar.com, they both have excellent information/mini-courses for beginners.

Any idea as to how you plan to account for the profits? Or how you plan to account for the commissions on your taxes?

Also, my immediate reaction to the day-trading idea - you're a fool for even thinking you can even hold your own with the market, much less the day-trading pros. You're wasting your time, because anything you can do with $2000 will be eaten up with commissions and ultimately taxes.

My advice? Tell your father and your boss you're going to use that $2000 to take some classes at a university, then you'll come back and work for them. That'll be the best and safest return on any investment you can make with that money in a short amount of time.

^ officially the king of CHEESE
 
SIRI/XMSR might be bankrupt in 2 years, well they could just dilute their shares 90% to raise cash like they have been. SIRI is the weaker of the two, a merger would have been smart years ago

throw your money into Intel, they're invincible
throw your money into MSFT, they're invincible

or if you really want to gamble, Martha Stewart OmniMedia!

Yahoo! up 10% in the aftermarket, earned an *amazing* 14 cents per share
 
pre-market's hilarious, often an overreaction.

example: seagate warned and it dropped like 20% pre-market, so it opens at $13 but by the end of the day it reaches as high as $15.31, a $2+ profit for momentum players. but they u have to wake really early.

and sometimes u lose 50%....
 
Satellite sector might be losing money, and will continue to do so within the next year, due to slow memberships acquisition. That has been changed, sharply within the last two quarters. I remember DirectTV and Dish didn't do so well when they first started either. To each his own.

EDIT: A merger will never happen, since that would create a monopoly.
 
Buy walmart stock in the next week or so. It's likely going down this week, but will probably recover afterwards.

Also, don't take stock tips from random people.

🙂
 
Originally posted by: MaxDSP
Originally posted by: Xiety
I know you didn't want hints but wait for Google.
Click to expand...

have they hinted at the date of the IPO?
Click to expand...

have they hinted at the fact that unless you an active investor with a huge portfolio or somehow otherwise involved you aint gettin a piece of that ipo?
 
Orsorum has given the best advice so far. Over time most funds managed by full-time pros make maybe 10% a year and their trading expenses are much lower than yours per dollar managed.

Say you match the typical pro and earn 2.5% over 3 months -- how will you decide to spend that massive $50 profit?

The only way to beat them is by hugely upping the risk, so maybe you make 10%, maybe you lose 50%.
 
Originally posted by: nourdmrolNMT1

i start with 1 K from each person, as the amt increases or decreases, i can spend that much more or less. this will most likely be over 3 month time span. In that period, i hope to make some college spending money. Is there any good books out there that explain the market in great detail that i can rent from the library?
Click to expand...

a) Don't attempt to daytrade any money that you can't afford to lose.
b) Even if things go well, plan on a good portion of your earnings to be eaten by commissions and taxes.
c) If you still plan to invest in something, given the short timeframe, your least risky bet is going to be a CD or short-term bond.
d) I suggest you read A Random Walk Down Wall Street to find out how markets work, even before you look at the mechanics of trying to play with them.
 
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