Need stock buying/etrade advise plz

Canon EF 70-200mm f/2.8L USM

08/30/2004 05:49:06 PM · #1

Iâ��ve never invested before but Iâ��m wanting to buy some stock and it will probably be something short term. Iâ��ve been told etrade.com or ameritrade.com are good for short term investigating and if you do small volume investigating.
I plan on either putting in a bid tonight via some online way or 1st thing tomorrow morning.

Any advise? Bankers out there?

PaulMdx

Canon EOS-1D

08/30/2004 05:59:26 PM · #2

I do a little share dealing in the UK.. Not sure about US brokers, but are you buying common stock? (IE. NASDAQ, NYSE, etc?) If you are, I'd imagine you'll have to wait for the markets to open tomorrow morning. Also, not all brokers will open an account instantly.

Ironworker

Nikon D70

Nikon AF Zoom-Nikkor 80-200mm f/2.8D ED

08/30/2004 06:13:08 PM · #3

My advice, go to //www.fool.com & read what they have to say. I believe the word you are looking for is investing. If you are going to day trade, you'll want to use a real time exchange service such as mastertrader or cybertrader. If you are going to hold onto the stock for longer periods, either etrade or Ameritrade is fine.
Also you want to talk with a broker not a banker.
Most of my investing is in no-load mutual funds, index funds in 'pooled' money annuities, & long term blue chip stocks.

Nikon AF-S DX Zoom-Nikkor 16-85 f/3.5-5.6G ED VR

08/30/2004 06:24:09 PM · #4

Thanks for the tips. Hopefully this time next week ill be posting back a :) face.

cbeller

Nikon D300

08/30/2004 06:39:51 PM · #5

Most of the folks I know have switched to Scottrade.com

StevePax

Canon PowerShot S50

08/30/2004 06:48:15 PM · #6

Day trading is risky business. Don't put all your eggs into it.

Nikon AF-S DX Zoom-Nikkor 16-85 f/3.5-5.6G ED VR

08/30/2004 07:04:34 PM · #7

Originally posted by StevePax:

Day trading is risky business. Don't put all your eggs into it.

My plan is to make a quick buck by buying some stock that is very cheap right now and hoping the pattern of that stock last week continues into this week, then sell. I.E. triples :)

Message edited by author 2004-08-30 19:04:55.

cbeller

Nikon D300

08/30/2004 09:28:52 PM · #8

The only problem with that is if others are doing the same thing, you may have a problem dumping it at your target price. Like StevePax said, it's risky. If you invest and then can't unload the stock and then the bottom falls out of the stock, you'll be hurting. Be careful and make sure you study the market.

Originally posted by MadMordegon:

Originally posted by StevePax:
Day trading is risky business. Don't put all your eggs into it.

My plan is to make a quick buck by buying some stock that is very cheap right now and hoping the pattern of that stock last week continues into this week, then sell. I.E. triples :)

08/30/2004 09:59:07 PM · #9

Anyone heard of //harrisdirect.com/ or //sharebuilder.com/ ?

It would appear ameritrade and etrade would like me to give them $1,000 1st. Those I listed above dont have a minimum.

Lafaminit

Nikon D80

08/30/2004 10:20:26 PM · #10

sharebuilder will kill you with fees though. They charge a premium for trades, and don't offer "all" stocks. I have an account with TDWaterhouse, which is great, because I can trade online or go to a local office.

08/30/2004 10:45:46 PM · #11

Originally posted by Lafaminit:

Did you need a minimum deposite for that? Im only looking to play with $500 tops.

08/30/2004 10:54:34 PM · #12

1'st advice: never buy only one stock.
2 nd: Follow VIX index dacayiay[dd][pb50!b200][vc60][i]&pref=G]VIX CHART

When is low 13-15 $ ,consider selling stocks,15-17 $ avoid buying and 18 -22 good time to buy some !
Start with 1500 $ per stock for the begining.
That is all for now :-)

Tamron SP AF 28-105mm f/2.8 LD Aspherical IF for Canon

08/30/2004 11:00:46 PM · #13

Damn Pits, sounds like you got more info, hook it up! :)

Im bout to go home, ill continue my search for a decent place to buy but like I said, this is my 1st time and I dont have any plans for this to become a pattern. I just feel now would be a good time to pop my cherry in stocks.

LtHousLady

Canon EOS-5D

08/30/2004 11:06:57 PM · #14

Originally posted by MadMordegon:

Iâ��ve never invested before but Iâ��m wanting to buy some stock and it will probably be something short term. Iâ��ve been told etrade.com or ameritrade.com are good for short term investigating and if you do small volume investigating.
I plan on either putting in a bid tonight via some online way or 1st thing tomorrow morning.

Any advise? Bankers out there?

If you don't have an accnt already, you have to wait till you mail a check & for your deposit to clear before you can buy anything...unless you link it to your checking accnt & you can make a transfer. Even then it can take a day or so for the cash to be available for use.

I use Ameritrade. They're ok...better then when I was on the Datek side before the merge, but a few added annoying fees.

Message edited by author 2004-08-30 23:09:53.

08/30/2004 11:15:31 PM · #15

I have 16 $ target on NAII drug company !,good luck and don't listen to me , do your own research !

soup

Canon EF 17-40mm f/4.0L USM

08/31/2004 12:49:16 AM · #16

don't ask for advice. go on instinct and research.
we all want to make free money

wewillexplore

Canon EOS-1D Mark II

Canon EF 70-200mm f/2.8L IS USM

08/31/2004 01:32:41 AM · #17

Best advice - find an online stock game. Play for a month with your 500. Then play for real. If you lose money or make less than you hope, don't start. It only gets more complicated the more you know. (I know enough to confuse you more. That's about it.) Never try to outguess the pros. You don't think the average day trader could be Jacko or Kiwi in a month, right? Think about it.

M

willem

Sony Alpha a6700

Sony E 18-135mm f/3.5-5.6 OSS

08/31/2004 02:20:35 AM · #18

Originally posted by MadMordegon:

I used Ameritrade for a while, nice low fees, easy user interface, great stuff. I lost appetite after I lost a heap of money in the Nasdaq bubble.

08/31/2004 01:20:52 PM · #19

Ok I know own an account with Scottrade.com. Now anyone know how to 'buy' some stocks? *sigh*

JEM

Sony DSC-F707

08/31/2004 02:20:11 PM · #20

Mad - If you think the present economy is soft, or failing, then you should short business stocks.

Do let us know how you fare with your sudden, short time investment strategy.

Canon EF-S 18-55mm f/3.5-5.6

08/31/2004 03:37:26 PM · #21

Originally posted by JEM:

Mad - If you think the present economy is soft, or failing, then you should short business stocks.

Do let us know how you fare with your sudden, short time investment strategy.

So far ive lossed 60$ in 2 hours.

bledford

Canon EOS-300D Rebel

08/31/2004 03:55:22 PM · #22

Originally posted by MadMordegon:

Originally posted by JEM:
Mad - If you think the present economy is soft, or failing, then you should short business stocks.

Do let us know how you fare with your sudden, short time investment strategy.

So far ive lossed 60$ in 2 hours.

Haha. Buy!

Sony E 18-135mm f/3.5-5.6 OSS

08/31/2004 04:17:39 PM · #23

But never listen to me,do your own research please !
Good luck.dacayiay[dd][pb50!b200][vc60][i]&pref=G]******* UNFI 40 $ target*****

Message edited by author 2004-08-31 16:20:05.

willem

Sony Alpha a6700

08/31/2004 04:35:44 PM · #24

Originally posted by MadMordegon:

What you are doing sounds more like gambling instead of investing.
If you go on like this you will loose a lot more.