Believe me: AS SOON AS YOU EXPRESS AN INTEREST IN TRADING, you WILL get swamped with ALL kinds of information for "free" seminars.
I live in the Philadelphia, PA area. I saw LOTS of infomercials for various software programs. I've been to at least 6 presentations.
Here's what I learned to ask for:
Before investing in any program or software, I want to see hard, hard, hard evidence - proof positive - of the claims those folks make.
A] I want to see a name or a business entity name.
B] I'm not interested in seeing the account number.
C] I want to see the beginning balance. .
D] I want to see the entry - with the broker's time stamp - how many shares or contracts were bought with the symbol
E] the symbol and when the trade was exited - with the broker's time stamp.
F] I want to see whether or not a profit was earned for that trade.
G] I want to see the end balance - when the claim was made.
In other words, I want to see continuity - "cradle to grave"
By themselves, numbers do not tell the story. That's why I ask for what I ask for.
At every presentation I attend, I ask for these facts and figures - not as part of the general audience, but before or after the presentation. Those folks act like I'm talking to the wall or I speak a foreign language.
On one occasion, I was told, "We don't make that information available."
I IMMEDIATELY replied, "Well, until I see for myself THE substantiation of the claims made, I'm certainly not going to make any investment."
HINT: Many of the folks selling programs are day traders or scalpers.
According to the Securities and Exchange Commission [The S.E.C.], no one can have that kind of activity in his/her/tjheir account UNLESS that account has a balance of at least $25,000.
OR a trader may have less than $25,000, but may not have more than 3 day trades in any rolling five-day period.
Its a little more involved than this. It varies from broker to broker. BUT the $25,000 rule is pretty standard.
Investigate before you invest. OR Before you invest, do your homework. Get ALL your Qs answered to your satisfaction - in language and terms you can easily understand.
Thanks for asking your Q! I enjoyed taking the time to answer it!
VTY,
Ron Berue
Yes, that is my real last name!
2007-11-17 09:54:34
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answer #1
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answered by Ron Berue 6
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Penny stocks don’t cost much money and promise big profits. But trading penny stocks is also a good way to lose money.
Sure, it’s possible to profit when you understand the game. Learn here https://tr.im/M3Srr
For investors who can’t afford shares of Google or Apple, the potential gains from trades like this are too good to pass up. So penny-stock trading thrives. With a relatively small investment you can make a nice return if the trade works out.
2016-02-16 15:25:36
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answer #2
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answered by ? 3
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Check in with your local community colleges. They should have short courses on investing.
2007-11-17 17:43:47
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answer #3
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answered by exactduke 7
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1. meetups.com
2. take stock market investing very seriously.
3. study, study, study, learn, learn & learn.
2007-11-17 11:32:14
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answer #4
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answered by #### 1
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