Is it like buying stocks or futures contracts? I don’t understand. Is it stock or futures?
strategy or tips
- Thread starter biglivetrade
- Start date
It trades in the same manner as a stock. You can buy and sell shares. You could also trade futures.
https://www.investopedia.com/terms/e/etf-futures-and-options.asp
https://www.investopedia.com/terms/e/etf-futures-and-options.asp
try to do some research by yourself... it's very important for becoming a successful investor.
I did but don’t understand. Do i open an account with invesco or do i go through a stock broker? It isn't clear to me. How do i buy it? You said throw savings into it. So I am asking how? What is the process? I used to trade Some stocks several years ago.
Then we bought silver. How do i buy the QQQ?
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Hi dozu, glad to see you are still alive and well(shilling the QQQ), as always!
For start, maybe try making the question more specific?
Exactly how do I buy this QQQ thing? I thought I asked a pretty specific question but nobody answers. He just told me to research it out.Hi dozu, glad to see you are still alive and well(shilling the QQQ), as always!
For start, maybe try making the question more specific?
Did you research it? Or are you just waiting for an answer that you like better than the ones very busy people have already given you? Amazon has a LOT of books on trading. If you won't even spend $100 on a few lousy books, how the hell do you expect to learn to trade or invest?
Look, who is your broker right now, and how much capital do you have available for trading? Okay I will spoon feed you a little bit more. In fact, I already told you the answer, but at the risk of repeating myself I will repeat myself all over again once more. Trade it just like a stock. Trade. It. Just. Like. A. Stock. How do you trade stocks? With orders to your broker. If you do not have a broker, then you need to open a brokerage account. If you only have a couple thousand to invest or trade and you will not be day trading, (which I think would be a very bad idea for you right now!) then a Robin Hood account would work just fine. They probably have a very good peer support network that will help a newbie stay on the right track. So set up your account. Read your books in the meanwhile. You DID go straight to Amazon and pick up a few books on investing, right? Maybe one on swing trading and one on Exchange Traded Funds? Study. Check youtube. I am constantly amazed at how much useful information is available on YT. Sure there is a lot of BS and an awful lot of sales pitches for shady products and services, but you could almost learn to trade and invest doing nothing but watching YT, and maybe an occasional visit to a forum for clarification AFTER TRYING TO FIND THE ANSWER ON YOUR OWN.
Now you have a brokerage account and you can buy and sell. You like QQQ? It looks pretty good to me. Invest half your account in shares of QQQ and the rest, distribute into two or three other funds or stocks. Normally I would say apportion a more or less equal value over 4 or 5 stocks or ETFs to dilute your risk, but like I said QQQ is looking kinda good lately, and ETFs are already based on more or less diversified portfolios of stocks. Want to put it all into QQQ? There are worse things you could do with your money. It is a viable option. Until you really know what you are doing, don't bother tracking it because you should not sell it until you know more about how markets work and how price action works. Your likelyhood of enjoying a very good long range return by simply buying and holding this instrument is excellent. Not certain, of course. Do not ever operate under the false belief that anything in the market is certain. And you can take this advice to be worth exactly what you paid for it, me being a new trader and definitely not a guru or expert. But this is very basic stuff. If I didnt know this then I wouldn't be here.
Okay I'm outta this thread. The truth is there and you can do something with it, or continue to ignore it and stamp your foot and complain about not being answered properly, whichever you like. Which course of action do you think would be most productive?
Look, who is your broker right now, and how much capital do you have available for trading? Okay I will spoon feed you a little bit more. In fact, I already told you the answer, but at the risk of repeating myself I will repeat myself all over again once more. Trade it just like a stock. Trade. It. Just. Like. A. Stock. How do you trade stocks? With orders to your broker. If you do not have a broker, then you need to open a brokerage account. If you only have a couple thousand to invest or trade and you will not be day trading, (which I think would be a very bad idea for you right now!) then a Robin Hood account would work just fine. They probably have a very good peer support network that will help a newbie stay on the right track. So set up your account. Read your books in the meanwhile. You DID go straight to Amazon and pick up a few books on investing, right? Maybe one on swing trading and one on Exchange Traded Funds? Study. Check youtube. I am constantly amazed at how much useful information is available on YT. Sure there is a lot of BS and an awful lot of sales pitches for shady products and services, but you could almost learn to trade and invest doing nothing but watching YT, and maybe an occasional visit to a forum for clarification AFTER TRYING TO FIND THE ANSWER ON YOUR OWN.
Now you have a brokerage account and you can buy and sell. You like QQQ? It looks pretty good to me. Invest half your account in shares of QQQ and the rest, distribute into two or three other funds or stocks. Normally I would say apportion a more or less equal value over 4 or 5 stocks or ETFs to dilute your risk, but like I said QQQ is looking kinda good lately, and ETFs are already based on more or less diversified portfolios of stocks. Want to put it all into QQQ? There are worse things you could do with your money. It is a viable option. Until you really know what you are doing, don't bother tracking it because you should not sell it until you know more about how markets work and how price action works. Your likelyhood of enjoying a very good long range return by simply buying and holding this instrument is excellent. Not certain, of course. Do not ever operate under the false belief that anything in the market is certain. And you can take this advice to be worth exactly what you paid for it, me being a new trader and definitely not a guru or expert. But this is very basic stuff. If I didnt know this then I wouldn't be here.
Okay I'm outta this thread. The truth is there and you can do something with it, or continue to ignore it and stamp your foot and complain about not being answered properly, whichever you like. Which course of action do you think would be most productive?
Ok so I need a stock brokerage account. A futures brokerage account won’t work for this correct?
Well in between the tongue lashing you did give me some useful info. Thank you.
My thinking is why should I research for and days or years and years when apparently somebody knows about this QQQ HERE on ET and can “give” me the info lots faster than I can find it. If they want to, that is. I thought that is what forums are about. To help each other out. Save time, save heartache....etc
Anyway, I am not looking to trade this QQQ thing i just wanna perhaps throw maybe $10,000.00 in it and add along for years and years and see if the darn thing grows or not, Dozu seem to think it will. I just wanna get in it and hold. And add on drops if it grows overall.
One quick question: it this thing like a stock? The worst it can do is go to zero and i lose my 10,000. Or is it like futures. It can go lower and I can get what they call margin calls on it and even lose more than my 10,000.00?
Thank you
PS I did do some research.......I guess it tracks the Naz. But Naz is futures index. Why do I need a stock account to buy the darn thing? Confusing.
Well in between the tongue lashing you did give me some useful info. Thank you.
My thinking is why should I research for and days or years and years when apparently somebody knows about this QQQ HERE on ET and can “give” me the info lots faster than I can find it. If they want to, that is. I thought that is what forums are about. To help each other out. Save time, save heartache....etc
Anyway, I am not looking to trade this QQQ thing i just wanna perhaps throw maybe $10,000.00 in it and add along for years and years and see if the darn thing grows or not, Dozu seem to think it will. I just wanna get in it and hold. And add on drops if it grows overall.
One quick question: it this thing like a stock? The worst it can do is go to zero and i lose my 10,000. Or is it like futures. It can go lower and I can get what they call margin calls on it and even lose more than my 10,000.00?
Thank you
PS I did do some research.......I guess it tracks the Naz. But Naz is futures index. Why do I need a stock account to buy the darn thing? Confusing.
thanks