STOCKMARKET

Redpill on me StockMarket investment, Sup Forums.


How do I get into it?
Is it a good way to raise above poverty?

Watch the market
Find good sources
Never buy at the current market price, always use the automated system.

/r/wallstreetbets is all you need

Alrighty, I am noting this down as I do more research on the topic. Thank you.


Do you know of any good books on the topic?

No. Unless you have a lot of money as your starting capital then it'll be worth it. But if you already have that much money to fuck around with in the first place, you're not in poverty. It's the same thing as gambling, might as well go hit up a casino at least there your small capital can become yuuuge

Advice from one of my finance professors - if you aren't going to take stock trading as serious as you do a job, take the money you would have spent on it and go to vegas.

it's 100% not the same thing as gambling.

it's like poker, but poker isn't gambling either.

gambling is making -EV or neutral EV bets or bets that aren't +EV enough to cover your risk of ruin under Kelly criterion. if you have an edge in the stock market you absolutely will win over time if you follow proper bankroll management.

Nah, I am 1000$ away from poverty at the moment, but I am doing a side project that might give me a couple K's soon enough. Just thinking that learning the business should be a priority and any side cash I get, should be invested imo.

Otherwise, I am going to have a hard time getting out of the loop.


Checking it right now, thanks.

your finance professor is a fucking idiot.

advising people to play blackjack with money they can afford to invest is how you end up with idiocracy.

you can just buy index funds and not have to research shit and contribute to the economy instead of contributing to building another fucking casino.

Just to let you know there are some good advice on wall street bets (sometimes). but a bunch are shitposters. I'm there since it's fucking entertaining when someone goes YOLO and lose a shitload of money.

You cannot make a ton of money from a small amount of money, no matter how good you are.
--Martin Shkreli
You better watch his finance lessons for a true redpill

Don't expect any return on your investment for 3 years. Invest in index funds, don't fall for the penny stock scam bullshit. You can comfortably get returns of 10-20 percent depending on the index strategy you follow. Look for stocks with good ratios between their price and dividends. Sit on your investments for at least a year before deciding to sell or buy more. Markets are volatile short term but tend to stabilize long term so don't fall for buy/sell panics.

You are not going to get rich quick on the stock market. You are not smarter or more capable than the million dollar AI machines they've built to predict and profit off marginal stock price swings. Just stick to the basics.

Right now I don't understand the jargon, so I'll probably not be able to tell good advice from memes. But I'll keep your words in mind.

What's a decent amount of money to start investing?

you can if you abuse leverage and margin trading.

you also risk complete ruin when it goes south which its basically guaranteed to at some point and you can't cover your position.

or you can convince other people to give you money and invest that.

or you can run some complicated triangulated cash and stock swaps to get new money after you lost other people's money and they're mad at you and need that money back and possibly maybe probably not go to jail for 20 years or something (like Shkreli).

there's lots of ways to make a big amount of money from a small amount of money or even zero money(while you're in debt is way harder). shkreli would know.

Just save and invest in index funds. If you can invest a fresh $25k every year without pulling money out that's a good start to start making some riskier plays.

Rich dad poor dad by Robert Kiyosaki and The Intelligent Investor by Benjamin Graham are good introduction reads

I mean yes you can buy mutual funds and play it safe and watch your portfolio take years to finally turn into a million. Sure that's one way, but that wont help him in the short-term which is to get out of poverty. I used gambling as an analogy because it's easier to imagine volatility when you're actively trading throughout the day, especially if this guy dives into penny stocks because of a small capital. Yes proper DD and research can help you turn the odds for and even then you can still lose money (fuck you amazon). There's always risk involved if you want to make you're gains each day to be a good enough income to pull OP out of poverty.

The more money the better honestly. you won't get far with a small sum without wasting a shit ton of prescious time.

Go to investopedia to learn finance jargon.

Much appreciated advice, I'll compile info and go over it, during the weekend.

Do you guys think it would be a good idea to get enrolled into economics course? I am sort of neeting right now (not quite, but almost) so I have a lot of free time.

$30k. Keep $25k on portfolio and play with $5k once u learn and get better then start increasing as ur portfolio grows too

DO NOT DAYTRADE!!! I REPEAT, DO NOT DAYTRADE!!!

First thing first. Move back to your parents. Stop buying anything other then neccesities like food or medicine.

Then entirw paycheck put in one stock. Next month put entire paycheck in another stock. Do this for 10 months. Now you have a diversified portfolio to eliminate alot of risk.

From now on just feed said stocks with paycheck every month.

Get a second job is possible. Anything will do. Mcdonalds or some shit.

If you have a car that is not neccesery for work or getting to work, sell it. Sell other junk you have. Put money in your stocks.

The more money you have in stocks, the more profit you get.

Look for a ways to get more money. Buy/sell stuff, offer services, anything.

In start, investing in stocks with little money is slow as fuck, but remember that the growth is exponential and you will be hugely rich after a while.

Alao remember that daytrading is gambling and for idiots.

Don't listen to him. Day trading is major gains.

Actually you need something in the bracket of $200k if you want to trade stocks for a living, because a 50% annual return is considered pretty decent in the stock market if you aren't a YOLO guy
I'd rather prefer LEAPS because leverage can be really risky of you are a poorfag

Alright, I think I can pull off at least 1.8k every 3 months on a side project, plus at least 1k a month job (if I can find any, Spain is a meme for that). If I can get my drawing skills decent in a year, maybe I can draw furry porn for extra cash too.

Hopefully, I'll find a way to at least reach 20k a year in savings. I already live with my parents and always analyze my buys when I go get food and hardly spent money on anything but Modafinil + nootropics.
Thank you all again for the advice.

>furry porn will pull this poorfag out of poverty

God bless you user. Hope u figure it out

Oy, you've seen the prices? There's some crazy dosh to be made if you get the skills and are willing to whore yourself out drawing weird fetishes. I've been grinding the craft for 12 hours a day for the past 4 months. Maybe I'll be decent enough to do some of those sweet 100$ a comission works in a year.

I started daytrading with 5k I'm up to 35k, but yeah daytrading is really hard, I practices 6 months with virtual money.

Oh I bet there's money to be made with furries. Just my sides when I read that lol

First, figure out what type of trader/investor you are. Short term/day trader (holding for minutes), swing trader (holding for hours to days), longer term (holding for days to weeks), or investor (holding for weeks to years).

Then figure out what type of asset to trade. I trade foreign exchange right now because the market is open 24 hrs/6 days per week and has lower minimum requirements then futures. Stocks come at a higher cost than currencies and derivatives like futures and options but are probably safer to start with.

Find a broker and practice with paper money first. I made the mistake of going ape shit buying and selling when I first started before I learned. Lost about 50% of a fairly small account. TDAmeritrade, ScottTrade, NinjaTrader, MetaTrader (the latter two for forex and futures are good) are some examples.

Do yourself a favor and learn the basics first before getting too deep. Ignore the indicators and learn about the fundamentals (especially if you are looking to do more investing instead of trading) and technicals (for more short term stuff). Examples include price action, structure analysis, trends and pullbacks, etc. Technical analysis can be used even on an investing timeframe.

I'm still overall down in my account, but I took a step back after never gaining consistency and decided to start small (very small) and get profitable before scaling up. I'm trading micro-lots of foreign exchange right now, and though the commissions are still keeping me from being profitable in most trades, the effect will be mitigated as I scale up. All I want is some live, real money practice at night after work, and I'm getting significantly better.

Go to WSB if you want a laugh at someone else's expense. There's some pretty good advice here and there, but it's better for a filter when trying to find stocks with lots of volatility that people throw irresponsible amounts of money on trying to win with some Faggot's Delights.