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How do you buy stocks?

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

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  1. Yan_Yao

    Yan_Yao Member

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    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 Contributing Member

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    go to etrade and snoop around their help or FAQ section.
     
  3. Sooner423

    Sooner423 Contributing Member

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    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

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    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 Contributing Member

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    Enron is a pretty good stock.
     
  6. TMac640

    TMac640 Contributing Member

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    ya know I did this in a stock simulation

    made tons of money.
     
  7. Dr of Dunk

    Dr of Dunk Clutch Crew

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    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

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    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 Contributing Member

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    conquering worlds works in simulations, dunking on jordan does too

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

    Ottomaton Contributing Member
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    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 Contributing Member

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    Dartboard.
     
  12. benchmoochie

    benchmoochie Contributing Member

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    Daytrading is not investing; it is purely speculation.
     
  13. Fatty FatBastard

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    You buy what I tell you to buy, and you learn to like it.
     
  14. Invisible Fan

    Invisible Fan Contributing Member

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

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    my friend...if that were only true...simulations only account for so much
     
  17. DaDakota

    DaDakota If you want to know, just ask!
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    I got a guy
     

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