I'm 18, where should I start

Never over-leverage your account. Otherwise any drawdown will have you trading emotions. Best advice I can give.



~Playing with my money is like playing with my emotions. lol
 
Quote from joe426:

Hello,

I'm 18, have worked a lot, saved money, and want to invest it. Put yourself in my shoes, what should I do first?

Some people have suggested I join something like eTrade and go from there. (obviously). But, by question to you is which stocks should I invest in. I was kind of thinking about GE, have read a bit about it and found mixed reviews.

Any advice is helpful. thank you very much.

Joe
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Joe, take my advice... start up a forum for traders and put silly first posts on it and then sit back and let it suck in lots of advisors, watch them correct each other and squabble as you sit back calmly uninvolved.

Then get a few advertisers to come in and you can laugh all the way to the bank.

You got talen there mate - cash in on it!
 
Quote from jonbig04:

I'm 21, I started my own company when i was 18,bought and sold my first house when i was 19 built my first house on 35 acres when i was 20, lost it all at 20.5. You can do whatever you want. Most people on ET are looking for a handout. You wont get it. You have to work harder, and be smarter and do nothing else. Dont make my mistake. When you make a couple hundred thousand, know that its not shit and keep pushing hard as you can, otherwise you will see how fast a couple hundred K can disappear. And when you fail, you push harder. Here's how you will know if your on the right track: are you lonely? do your peers wonder why you never party with them? do you spend your weekends alone? do you feel alone? The answer to these questions have to be yes. If not, you arent pushing hard enough. 99% of people can't take it. I would think long and hard about what you want and what you're willing to sacrifice to get it. If you are then welcome to my world, but like I said, think about it.
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im with you fellas ...... when i was born i came out hold a 20 dollar bill...... by the time i was 3, i was the main bread winner for my family.... became a millionaire while still thinking girls were yucky........
 
Where I learned, and continue to learn, the most is Investor's Business Daily. Just buy the weekend edition (website is investors.com and from there you can find a retail outlet near you) for $1.50 every Saturday. Read them, study them, read their books, etc. They are an excellent place to start.
 
Quote from Pauly:

Where I learned, and continue to learn, the most is Investor's Business Daily. Just buy the weekend edition (website is investors.com and from there you can find a retail outlet near you) for $1.50 every Saturday. Read them, study them, read their books, etc. They are an excellent place to start.
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an excellent to start what????????
 
LOL

Im also 18 mate..

Started with way way less than you when i left college in July and went fulltime trading for career (£759 capital)

Now 3months on i have a luxury apartment with rent paid till xmas, over £3,000 capital in my account, and averaging over £650 per week since i started fulltime trading.. :D

So it is possible to do it, age isnt a factor.
The younger you are the better even.


But if you do really really want to start trading you have to stop doing so much work in your mind, and start just doing the actual physical work of trading! :) :p

ALL YOU NEED TO TRADE IS A BASIC CHART WHERE YOU CAN SEE sUPPORT AND REISTANCE LEVELS, AND A BROKER/SPREADBETTING FIRM WHERE YOU CNA MAKE YOUR TRADERS AND CASH THEM IN THEN.


So i would recommend you get an account with igindex for your charts, use Tradindex.com as your trading firm for executing your trades, and just use the virtual account from tradindex and start practsisng trading using suppotr and reistance levels.
 
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