You're a piker and a noob. get some real money together.
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Is it possible to profit trading equities by starting with just $1,500 in capital?
- Thread starter monty21
- Start date
You're a piker and a noob. get some real money together.
Thanks... (STOCKTRAD3R)
I have limited funds because I am about to finish my senior of college, and my parents just spent about $160K on my education and won't contribute to any of my speculative decisions...
otherwise, for the noob part, I'm not sure that definitions fits me well... So, I paper trade, and that does not obviously count as experience, but I think I have a good amount of knowledge...
Here are some of the books I have read in the past two years regarding the market (both fundamental and technical):
The Psychology of Investing - Nofsinger
Beating the Street - Lynch
One up on Wall Street - Lynch
Confessions of a Street Addict - Cramer
Reminiscences of a Stock Operator - Lefevre
How to Trade in Stocks - Livermore
IPOS for everyone - Killian
How I made 2,000,000 in the Stock Market - Darvas
Getting Started in Currency Trading - Archer
Stock Market Rules - Sheimo
The First Book of Investing - Case
The Little Book That Beats the Market - Greenblatt
The Little Black Book of Microcap Investin - Holtzclaw
The Market Maker's Edge - Lukeman
Market Wizards - Schwager
Getting Started in Chart Patterns - Bulkowski
An American Hedge Fund - Sykes
Rich Dad Poor Dad - Kiyosaki
Pit Bull - Schwartz
Alchemy of Finance - Soros
Security Analysis (parts) - Graham/Dodd
How To Take Money from Wall Street - Oz
Wall Street - Geisst
Transformation of Wall Street (parts)
Also read parts of several different FOR DUMMIES books (i.e Technical Analysis, Hedge Funds, Trading, Commodities, Series 7, etc)
I have limited funds because I am about to finish my senior of college, and my parents just spent about $160K on my education and won't contribute to any of my speculative decisions...
otherwise, for the noob part, I'm not sure that definitions fits me well... So, I paper trade, and that does not obviously count as experience, but I think I have a good amount of knowledge...
Here are some of the books I have read in the past two years regarding the market (both fundamental and technical):
The Psychology of Investing - Nofsinger
Beating the Street - Lynch
One up on Wall Street - Lynch
Confessions of a Street Addict - Cramer
Reminiscences of a Stock Operator - Lefevre
How to Trade in Stocks - Livermore
IPOS for everyone - Killian
How I made 2,000,000 in the Stock Market - Darvas
Getting Started in Currency Trading - Archer
Stock Market Rules - Sheimo
The First Book of Investing - Case
The Little Book That Beats the Market - Greenblatt
The Little Black Book of Microcap Investin - Holtzclaw
The Market Maker's Edge - Lukeman
Market Wizards - Schwager
Getting Started in Chart Patterns - Bulkowski
An American Hedge Fund - Sykes
Rich Dad Poor Dad - Kiyosaki
Pit Bull - Schwartz
Alchemy of Finance - Soros
Security Analysis (parts) - Graham/Dodd
How To Take Money from Wall Street - Oz
Wall Street - Geisst
Transformation of Wall Street (parts)
Also read parts of several different FOR DUMMIES books (i.e Technical Analysis, Hedge Funds, Trading, Commodities, Series 7, etc)
Quote from Ricter:
If your parents spent that much on your education, then you probably have, or will soon have, a degree in something useful to society. Please do that instead of trading.
My major is political science with a concentration in government's role in the economy. I think this subject fits perfectly with trading considering that prices of stocks and bonds are particularly affected by the policies enacted by our Congress.
I never wanted to work directly for the government nor a lobbyist group. I feel like I have a lot of free time now, so I can pursue trading. Otherwise, I am still going to go into Finance and do something such as Investment Banking.
Also, $40,000 + a year is the normal fee for private liberal art schools throughout the U.S. I go to one in Upstate New York, but it is ranked like 57th in the nation (Hobart William Smith Colleges).
Quote from monty21:
I was wondering whether it would be possible to begin trading equities if I only had $1,500? This would be geared more for learning purposes and I am willing to lose it all.
- I would trade volatile stocks from NASDAQ and S&P 500.
- I am willing to trade IPOs.
- I would obviously only be allowed to be on the buy side.
- Commissions would amount to a total of $10 to buy and sell ($5 each).
-I am willing to trade the $1,500 on each trade (with a stop lose of course
Is a goal of making $50 per day realistic after commissions? Futhermore, is it possible to make small gains and slowly build up capital or are the initial funds too limited to make any significant growth?
No, invest it in GE and enroll in a drip program.
You do not have a margin of safety. You want to have a good cash reserve.
Quote from monty21:
- I would trade volatile stocks from NASDAQ and S&P 500.
- Commissions would amount to a total of $10 to buy and sell ($5 each).
-I am willing to trade the $1,500 on each trade (with a stop lose of course
Is a goal of making $50 per day realistic after commissions?
$15 commission for each round trip on $1500 investment means that you have to make 1% just to get even on your money. On top of it, you want an additional 3.3% daily return ($50 on $1500), which makes it a total 4.3% daily return. Compounded over 250 trading days in a year, you are looking to make a 37000% annual return trading stocks and end up with about $55 million. Think you can do it?