noob questions and how do people get rich trading!?

[murray t turtle]

You want to buy companies of a good quality and cheaply.
And just because a share is cheap (say, ~$5), it doesn't mean that it will go up. It can go down to $2 or even a 0.

Instead of investing, buy some some books about it first.

,,How to make money in stocks'' is a good start.

%%
THAT investing book is better than > coffee, IBD founder books
NOK is a great phone\
NoT a great trade or invest\
below $5\
low go\going lower..................... Dave rich Ramsey books help; he also doesnt like penny stocks [-$5 price stocks ]
''I want buy me a bass boat + a Z28 /
but i guess that stuff will have to wait/
got gas in my tank\
money in the bank/John Anderson + KY Headhunters/song/ Money in the Bank''

 

[speedo]

You can get "rich" trading by spending the considerable time required studying price behavior and development and testing strategies. For those who made it that far, it would be time to develop the behavioral patterns of the discipline, focus, patience and courage required to trade successfully. By that time, there will be few survivors but then it's just a matter of hitting the buttons ...bon chance.

 

[murray t turtle]

You can get "rich" trading by spending the considerable time required studying price behavior and development and testing strategies. For those who made it that far, it would be time to develop the behavioral patterns of the discipline, focus, patience and courage required to trade successfully. By that time, there will be few survivors but then it's just a matter of hitting the buttons ...bon chance.

%%
LOOKS like he was rich, not sure if he still is, he lives in hi tax CA, SVB region maybe.
And make sure you do work you love, i could or would never trade without colorful charts, or candle charts.
You could trade NOK if almost divorced, but strife with wife really doesnt make NOK a good trade. Of course if one's wife liked NOK@ $12/$22/44/6o in 1999, buy it with discretion;
just remember jim Cramer said his wife sold all his stocks on his bagel break, without his permission/LOL\ good sell

 

[traider]

Bet the farm on one trade
Recognise that the game is hard and quit while still ahead once you win big

 

[vincentnyc]

Bet the farm on one trade
Recognise that the game is hard and quit while still ahead once you win big

just bull shitting around. if u were to bet the farm on one trade right now, which one would it be? and how much would u bet?

 

[speedo]

%%
LOOKS like he was rich, not sure if he still is, he lives in hi tax CA, SVB region maybe.
And make sure you do work you love, i could or would never trade without colorful charts, or candle charts.
You could trade NOK if almost divorced, but strife with wife really doesnt make NOK a good trade. Of course if one's wife liked NOK@ $12/$22/44/6o in 1999, buy it with discretion;
just remember jim Cramer said his wife sold all his stocks on his bagel break, without his permission/LOL\ good sell

 

[danielc1]

The shortest route to richness in trading is working on yourself. Learn how you react on events. And then learning some skills: how do you handle discipline, how do you prioritize information and time, how do you handle money and people. If you are successful in those areas, you will also be able to figure out how trading will make you rich. It are those skills that will make you rich, not just the trading...

 

[ineedmoney90]

how to know when a stock will rise or fall!?

 

[Sergeev S]

how to know when a stock will rise or fall!?

Nobody knows future

 

[SimpleMeLike]

how to set a stop loss where it would automatically sell when it drops below a certain price because i dont see it here on the investopedia simulator? also how do i set an automictic sell when it reaches above a certain a price? also how to trade cheap stocks when it never goes higher than a few cents!? how do people actually get rich trading!? lets says you buy 5 shares of amazon which is 100 a share which is 500 and it goes up to 110 which is only 550 if you sell it! and it took a month just to rise to 110!

Hello ineedmoney90,

All trading theories is a lie, unless proven otherwise.

Only believe what your PnL shows you.

Do not read/buy trading books or buy trading courses.