1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

How do you buy stocks?

Discussion in 'BBS Hangout' started by Yan_Yao, Dec 25, 2005.

Tags:
  1. Yan_Yao

    Yan_Yao Member

    Joined:
    Mar 6, 2004
    Messages:
    467
    Likes Received:
    1
    I want to learn more about stocks, and I don't have any experience or knowledge for it, not a bit.

    How do you buy stocks? Can you buy it online, or ????

    Thanks
     
  2. bigtexxx

    bigtexxx Member

    Joined:
    Jun 12, 2002
    Messages:
    26,927
    Likes Received:
    2,269
    go to etrade and snoop around their help or FAQ section.
     
  3. Sooner423

    Sooner423 Member

    Joined:
    May 17, 2002
    Messages:
    5,210
    Likes Received:
    1,230
    Go to Morningstar.com. They have a little free course on the basics of trading. It's pretty informative.
     
  4. Dr of Dunk

    Dr of Dunk Clutch Crew

    Joined:
    Aug 27, 1999
    Messages:
    45,684
    Likes Received:
    31,941
    Read about buying stocks before you go "buy stocks". Understand the basics of investing before you get yourself into trouble you don't want to be in.

    True stories : I was heavy into day-trading back in the late 90's/early 00's. One of the companies I worked at had employees that daytraded most of the day (we were a telecom company - what did we care about work, right?).

    A) A guy who had never daytraded a day in his life got caught up in people in our little investment hunting group turning nutty profits. When the market decided to take a downturn, he couldn't sell... he kept saying it was just a dip and the market would come back. Long story short, he ended up losing over $50,000 in about 2-4 months. That was pretty much his savings.

    B) Another guy also had just gotten into trading at the same company. One day he asked me "did you buy anything today"? I told him the ticker symbol of a stock I had bought that morning before hours. He said "cool - sounds good". That stock's price doubled that day I believe (I had bought on news alone). He asks me 4 horus later "what do they do"? I told him it was a telecom company dealing in RF devices and built cell tower equipment for cell phone companies. He said something like "oh ok... I bought some of it earlier". I just laughed... you bought a stock you knew absolutely nothing about? He just said "hey man, I only have $1000 in that account and I don't know what I'm doing but you guys seem to be making money right and left, so I figured I'd listen to you". lol. Wow. Crazy times. :)
     
  5. Kam

    Kam Member

    Joined:
    Jan 16, 2002
    Messages:
    30,476
    Likes Received:
    1,322
    Enron is a pretty good stock.
     
  6. TMac640

    TMac640 Contributing Member

    Joined:
    Jan 10, 2005
    Messages:
    5,484
    Likes Received:
    1
    ya know I did this in a stock simulation

    made tons of money.
     
  7. Dr of Dunk

    Dr of Dunk Clutch Crew

    Joined:
    Aug 27, 1999
    Messages:
    45,684
    Likes Received:
    31,941
    Everybody has man, everybody... with fake money.

    Then you put up real money and suddenly you become a bit more conservative. Amazing how your risk/risk aversion changes when playing the real game vs. playing a simulation. ;)
     
  8. TMac640

    TMac640 Contributing Member

    Joined:
    Jan 10, 2005
    Messages:
    5,484
    Likes Received:
    1

    my philosophy, if it works in a simulation, it's gotta work in real life.

    just a matter of getting it right.
     
  9. AMS

    AMS Member

    Joined:
    Oct 8, 2003
    Messages:
    9,646
    Likes Received:
    218
    conquering worlds works in simulations, dunking on jordan does too

    in real life truth be told, it is different
     
  10. Ottomaton

    Ottomaton Member
    Supporting Member

    Joined:
    Feb 14, 2000
    Messages:
    18,406
    Likes Received:
    13,853
    http://www.investopedia.com

    They have tutorials that range from basic to advanced. They also have a "term of the day" mailing list that is a nice easy to learn some of the abstract concepts about investing.
     
  11. RIET

    RIET Member

    Joined:
    May 20, 2002
    Messages:
    4,916
    Likes Received:
    1
    Dartboard.
     
  12. benchmoochie

    benchmoochie Member

    Joined:
    Nov 17, 2003
    Messages:
    5,644
    Likes Received:
    132
    Daytrading is not investing; it is purely speculation.
     
  13. Fatty FatBastard

    Joined:
    Jul 13, 2001
    Messages:
    15,916
    Likes Received:
    159
    You buy what I tell you to buy, and you learn to like it.
     
  14. Invisible Fan

    Invisible Fan Member

    Joined:
    Dec 5, 2001
    Messages:
    43,970
    Likes Received:
    25,866
    To me, there's no real difference between buying 5 shares of a stock over 50, as long as I keep the number of shares relatively consistent with other stock. No way am I doing anything on the level of day trading....

    This eventually changes when you use one stock to make back the money you lost from another, but keeping a level head is the most important thing about investing. You can micromanage your way out of gains, and if you're just starting, you definitely will.
     
  15. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

    Joined:
    Aug 16, 2002
    Messages:
    23,420
    Likes Received:
    9,967

    lol...for some people ;-)
     
  16. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

    Joined:
    Aug 16, 2002
    Messages:
    23,420
    Likes Received:
    9,967

    my friend...if that were only true...simulations only account for so much
     
  17. DaDakota

    DaDakota If you want to know, just ask!
    Supporting Member

    Joined:
    Mar 14, 1999
    Messages:
    125,031
    Likes Received:
    34,030
    I got a guy
     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now