I want to start investing..... school a rookie!

Originally Posted by Mateen Cleaves

Originally Posted by t0xicman

Originally Posted by Mateen Cleaves

so let me get this straight, if i buy 100 shares of a stock when its at $5.00 then in a few weeks it rises to $10.00 and if i sell would i get $500 back? so in total $1000 from what i spnet on the stock and what i earned minus commison fees?
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Originally Posted by Mateen Cleaves

i really want to buy GM stock right now but scared of it going down again.
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just a minute ago, you did not even know the basics of investing, now you are trying to look like an investor talking about buying gm stock
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because i said i want to buy GM means im trying to look like i know what im talking about?
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your looking like a fool by responding
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typical NT'er
"let me respond to a thread about condoms"
Mateen Cleaves- what is a condom
Nter-its a form of protection
Mateen Cleaves - im thinking about having sex with Jessica Alba

lmao see how silly you look?
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In his defense, maybe he's been watching GM but didn't know about the investment process. I don't think it's far fetched or worth trying tolabel him as a fool.

Everyone starts somewhere, maybe he didn't know the process but did his research...
 
Originally Posted by dlsilva21

Oh dear... okay...


Selling short is selling shares you don't have. Here's a general example:


*log on to e-trade*

*thinks that GM is going to go DOWN*

*sells short 100 shares*

*receives $524 for selling 100 shares at $5.24* (minus trade commission of 12.99)

($511.01)

Well, now later down the road you're going to have to do what's called "buy to cover" meaning, buy those shares to cover your sale. So you better hope it drops lower than $5.24 so that you can keep the difference. Selling short means you can lose an UNLIMITED amount of money (hypothetically). Buying long means you can only lose what you put into the security (along with the 12.99 respectively)


Sorry if I wasn't clear... I can go again on another example if you'd like.
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I"m with Etrade as well. Let me clear up a few things. The fee isn't always $12.99 as I'm sure you(dlsilva21), know. Right now etrade is having a promo where you get 100 free trades, which is worth $1,300 which is why I started withthem.

As far as selling short, you first need to have margin capabilities which with etrade you need at least $2,000 to have. From then on though, if you know whento short and what to short, Circuit City a few weeks back
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, let the moolah roll in.

I would suggest to the OP, go onto etrade.com and do research. Opening an account is free, although you do have to eventually put money in it. The layout isnice and depending on where you live there are even local branches.
 
I'm a beginner myself i have not started investing yet. Of what i have learned from my research is that if you're a not a very smart investor youshould not be in this for the short run, but the long run (or not at all).

I'm not going to start investing until I am confident in my choices, and you can't be confident if you don't know what you are looking at.

p.s. NT is not the place you should be going to get advice. While there is people on here that know what they're talking about, you need to do researchYOURSELF. (and it's a conflict of interests)
 
Originally Posted by dlsilva21

Originally Posted by shatterkneesinc

NEVER LISTEN TO JIM CRAMER!!!!!!!!!!!
FIRST RULE AS AN IVNESTOR
NEVER LISTEN TO JIM CRAMER!!!!!!!!!!!

I am surprise there isnt a bounty for jim cramers head
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Basically... I agree with you.
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This guy owes me plenty of money!!
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There's a huge difference between "investing" and "trading", which I think is being co-mingledin this discussion.

I look to "trade" on a daily basis in this Bear market, however, I invest in my 401k.
 
Originally Posted by nicefro

dlsilva21, what are you looking at for tomorrow?
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GM is doing well now that they're developing that plan to swap debt for equity.

GE is also doing well... I don't know how long this whole thing will last. We'll see. You got anything in mind? I've been watching the autoindustry for the past few months so I'm kinda one sided, haha.
 
WMT, MS, C, TGT, and BBY, depending on how the market opens tomorrow..MS and C are very sketchy, I'm hoping to play it on news.
 
Originally Posted by Oh YoU MaD

No lie, I picked up 1,000 shares of FNM @ .36
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Im selling tomorrow
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I sold this morning @ 1.19, and now its back at .88
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Im mad tempted to get back on but they've had warnings of being delisted unless they stay over $1for 30 days... So if they were to get delisted would I lose my $?
 
this is kinda helpful....tryin to learn how to invest and this makes it look very simple to do
 
So far unless you were "short" or with "puts" today, I can't imagine a ton of money being made.
 
Originally Posted by shatterkneesinc

Originally Posted by Mateen Cleaves

i really want to buy GM stock right now but scared of it going down again.
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catch a falling knife and you will get hurt
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let him do it
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buy as much GM as possible
 
Originally Posted by LazyJ10

So far unless you were "short" or with "puts" today, I can't imagine a ton of money being made.
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Not a ton, but enough for x-mas gifts
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