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Discussion Starter #1
Does anybody else here play the stock market? Im salary at my job so I have no way of makin extra money when needed for a vacation or mod or whatever. I do sell a few things here and there on Craigslist or Gunbroker for some cash, but thats about all I can do when I need extra money.

So.....I started playin the market and have done fairly well. Ive already paid for 2 new guns and a 4-day vacation to the Frio. I figured if there were other guys or gals on here that dabbled in the market or did it full time maybe, we could trade tips or advice.
 

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<-Day Of Fail now SOLD
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My Gunny is in the penny stocks and is doing faily well. No big gains yet but enough to play with.
 

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Discussion Starter #3
See, I started off with about 2,000.00 and have almost 4,800.00 now. It takes a little while to make BIG money when playing with small money. Ive been playin since about February/March
 

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I invest in mutual funds every paycheque, for both retirement and just savings for whatever I want later in life... mostly high and medium risk ones though because I'm young and I can let them sit for a long time to get the returns. I think the key is diversity, unless you're a big gambler :) I don't mind a bit of risk though, so I'd rather put money in stocks than a savings account. I don't have much invested though, only been doing it since I graduated from University a year and a half ago.
 

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See, I started off with about 2,000.00 and have almost 4,800.00 now. It takes a little while to make BIG money when playing with small money. Ive been playin since about February/March
That was a good time to get in the market. Be careful though I think that the market may be getting a little over heated, look for bargains on the pull backs. Make sure you do your own research, don't put too much faith in talking heads like Cramer. Some sites I like are: Seeking Alpha, Zero hedge, Small Cap Sentinel, Street investing, and Uncommon Wisdom.
 

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I invest in mutual funds every paycheque, for both retirement and just savings for whatever I want later in life... mostly high and medium risk ones though because I'm young and I can let them sit for a long time to get the returns. I think the key is diversity, unless you're a big gambler :) I don't mind a bit of risk though, so I'd rather put money in stocks than a savings account. I don't have much invested though, only been doing it since I graduated from University a year and a half ago.
I don't trust mutual funds, there is just too much opportunity for hanky panky by the fund managers. I think it is much better to do your own research and invest in individual companies. Open an online brokerage account and go for it, you will avoid all the mutual fund fees and you will be the master of your own destiny.
 

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I was actually thinking about trying to mess around with the stock market a little bit but i could never really figure out how to start investing/buying/trading stocks. my friend Kramer used his income tax check last year and threw it in the stock market. im not really sure what he bought/sold but he got paid...VERY WELL...he invested $5900.00 and in return about 7 months later of up and down he caught a break and cashed in for a healthy lump sum of $31,000.00. and he put about 60% of it back into the market so he is sitting pretty well now. he just paid his daughters tuition for University of Tyler so she has a full ride now. but iv seen it hit big and iv seen it take peoples houses...its a 50/50 chance imo....but id like to start with something small..like $500.00...should pm me later. would like to talk about it
 

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I gave my daughter $300 in an Etrade account last fall. She sat on it a while and then put half on GM and half on Ford. After GM tanked and got back just above her strat price she sold and bought all Ford. She's at about $800 now and watching it ride. Bought at just under 2 dollars.
 

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I wish I knew enough about doing my research to dabble a little. Ive got several retirement funds that money goes into out of my check, but I would LOVE to take a thousand dollars and be able to "decide" on a single company and buy into it. My fear is that if I can figure out which company might make a profit, then so can all the other investors that do it for a living. Am I looking at it the wrong way?
 

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I wish I knew enough about doing my research to dabble a little. Ive got several retirement funds that money goes into out of my check, but I would LOVE to take a thousand dollars and be able to "decide" on a single company and buy into it. My fear is that if I can figure out which company might make a profit, then so can all the other investors that do it for a living. Am I looking at it the wrong way?
Sea71...
Stick with it.
I too started back about 6 mos ago. I started with 11K and now have 26K
thats doing it myself no Broker My biggest loss was $87...
I constantly hear you cannot make$ in the stock mkt these days. I feel the opposite. right now is the time... either that or Im a damn genius..Im thinking it the time and not my genius anyways congrats. keep it up
 

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Discussion Starter #11
I gave my daughter $300 in an Etrade account last fall. She sat on it a while and then put half on GM and half on Ford. After GM tanked and got back just above her strat price she sold and bought all Ford. She's at about $800 now and watching it ride. Bought at just under 2 dollars.
SWEET! Ford is almost at $9 now!
 

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Discussion Starter #12
Sea71...
Stick with it.
I too started back about 6 mos ago. I started with 11K and now have 26K
thats doing it myself no Broker My biggest loss was $87...
I constantly hear you cannot make$ in the stock mkt these days. I feel the opposite. right now is the time... either that or Im a damn genius..Im thinking it the time and not my genius anyways congrats. keep it up
I think there is always a bull market somewhere. You just have to find it. I made another 120.00 this morning. Hoping to catch something else this afternoon. If I make 100/day, im happy
 

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Discussion Starter #13
That was a good time to get in the market. Be careful though I think that the market may be getting a little over heated, look for bargains on the pull backs. Make sure you do your own research, don't put too much faith in talking heads like Cramer. Some sites I like are: Seeking Alpha, Zero hedge, Small Cap Sentinel, Street investing, and Uncommon Wisdom.
Gonna have to look those up. Cramer is good some of the time, but most of the stocks he talks about are out of my price range. I usually have to stick to stocks under $10 just to be able to buy enough to turn a profit in a decent time frame.
 

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Discussion Starter #15
I wish I knew enough about doing my research to dabble a little. Ive got several retirement funds that money goes into out of my check, but I would LOVE to take a thousand dollars and be able to "decide" on a single company and buy into it. My fear is that if I can figure out which company might make a profit, then so can all the other investors that do it for a living. Am I looking at it the wrong way?
One of the ways I've made money is , of course, looking for the downturn in a stock. My favorite one i did so far, was Smithfield Farms (SFD). When the swine flu hit, this stock plummetted. I did a little research and found out that none of their pigs had been or were a part of the infection. But them being one of the biggest pork producers, their stock took a huge hit. I bought on the downside and sold for a handsome profit when it came back up. I say its one of my favorites because nobody I talked to, had thought about it that way, buying pork stock during the swine flu outbreak, everybody thought I was nuts.
 

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Discussion Starter #16
I bought 1,000 Gm (MTLQQ) last week at .458. Figured it was cheap enough, if I lost out, it wouldnt hurt too much. I figure it will come back eventually because the company is still going to be around for a long time. I wish I had bought some around .35, but didnt have the funds available when it was there.
 

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I always wanted to get into stocks with some free money i have, not much but i can put couple hundred a month into it new money if i had to but what program or software do you guys use? I like the idea of penny stocks but i just have no idea where to start actualy buying and how to not get reemed on the charges for buying and selling frequently? any suggestions guys?
 

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I always wanted to get into stocks with some free money i have, not much but i can put couple hundred a month into it new money if i had to but what program or software do you guys use? I like the idea of penny stocks but i just have no idea where to start actualy buying and how to not get reemed on the charges for buying and selling frequently? any suggestions guys?
I use a brokerage account from Wells Fargo that gives me 200 free trades a year.
 

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penny vs non penny

I always wanted to get into stocks with some free money i have, not much but i can put couple hundred a month into it new money if i had to but what program or software do you guys use? I like the idea of penny stocks but i just have no idea where to start actualy buying and how to not get reemed on the charges for buying and selling frequently? any suggestions guys?
Dont overvalue a penny stock, 1 share of apple @ 160.00
is probably safer than 1600 shares of a stock valued @.10

Apple has a lot of moat... where as a stock @.10 probably does not meaning very volatile/risky
Most investors will tell you penny stock is volatile than an regular stock.
I learned this the hard way. I have made more in stocks valued at more than $5.00 a share than not.
Of corse this does not mean $$ cannot be made.
Best luck to you
 

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Dont overvalue a penny stock, 1 share of apple @ 160.00
is probably safer than 1600 shares of a stock valued @.10

Apple has a lot of moat... where as a stock @.10 probably does not meaning very volatile/risky
Most investors will tell you penny stock is volatile than an regular stock.
I learned this the hard way. I have made more in stocks valued at more than $5.00 a share than not.
Of corse this does not mean $$ cannot be made.
Best luck to you
This is very good advice. There is a reason that they are penny stocks. Now is a good time to get into high quality equities, most of them are selling at significant discounts. Buy companies, do your research, and take a long term outlook.
 
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