Stock buying and selling on scottrade...!!!!?

Question

ok so here's the deal, I'm a complete nube when it comes to stock and trading so I'm kind of studying it a little before I try to invest.

So here are my questions:
1. Say i'm usin a service like scottrade, can i buy and sell stocks at any time i want, what i mean to say is.....suppose i bought stock 2day, and it raised a few points in the next few days can I sell it then?
2. Will i always have a buyer anytime I want to sell...even though i'll be selling it back at a higher price?


Just need help with those questions

Answer 1

Scottrade is a great company for the semi experienced trader. It's not a good idea for someone as new as you.

Look at Schwab & Fidelity Brokerages instead. A little more expensive but you'll need their assistance..........

2nd question first..... I can answer that question with one idea: "Supply and Demand". This is the most basic knowledge you need in order to understand stocks. It's like pre-school compared to kindergarten. But "kindergarten" is not enough to trade stocks!!!!!

1st question: Yes.

Please take a year to understand stocks and trading. Look into Mutual Funds also. Read as many books as you can in this time. Don't read books that suggest you'll be rich quickly!

Answer 2

1. to answer your questions. You can sell and buy as long as the market is open. 930-400 Mon-fri. there is also after hours and pre market.

2.you are not guranteed a to have a buyer when your selling-especially at the price you want. To lessen your chances of getting stuck with a stock. pick one with a high volume. high volume stocks have0 many people buying and selling all the time. and chances are you will be able to sell easily.

before you do anything do some more research. pLaying the market can be dangerous. especially now. practice first by opening an account at virtualstockexchange.com. there you can buy or sell in the real market but with virtual money.

Answer 3

One of the things about investing in the stock market is to become familiar with the process. How do you pick a stock? Why do you pick a stock? Who is a good broker ? What are the fees to trade a stock ? Who can you trust? Basic questions require basic answers.There are full traders who have research departments that inform the broker what is what . Some will buy or sell whatever stock you want with no support team. There are usually buyers and sellers available.

Answer 4

Hope fully you won't be trading until you learn the basics. The stock will go automatically/instantly into your account (assuming the order was filled). If you're ignorant to buy stocks priced below $5 or any stock with low liquadity..... you'll find it's easy to buy..... and sometimes hard to sell. Read some books.... or you'll have some costly lessons.

Answer 5

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Answer 6

1

Answer 7

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Answer 8

yes to both