**OFFICIAL** Trading and Investing Thread

**NAP_s_king** · 06-26-2007, 07:38 AM

Starting a new thread here, where questions, opinions and suggestions about trading are welcome.

Getting started: useful websites can be found here:
www.investopedia.com
www.stockcharts.com

Books:
"How to Make Money in Stocks" by W.J. O'Neil
"Technical Analysis of the Financial Markets" by John Murphy
"Trade you way to financial freedom" by Tharp
"Market Wizards" by Jack Schwager
"Trading for a Living: Psychology, Trading Tactics, Money Management" by Alexander Elder
"Mastering the Trade" by John F. Carter
"Short-Term Trading In The New Stock Market" by Toni Turner

**TheStender** · 06-26-2007, 07:39 AM

How much money does one need to get started? I'm talking bare minimum...

**NAP_s_king** · 06-26-2007, 07:40 AM

Originally Posted by TheStender

How much money does one need to get started? I'm talking bare minimum...

Realistically, a few thousand. One can start with less, even with a few hundred, but it's a high-risk venture.

**TheStender** · 06-26-2007, 07:41 AM

Originally Posted by NAP_s_king

Realistically, a few thousand. One can start with less, even with a few hundred, but it's a high-risk venture.

*dreams vanish in a flash as reality sets in* Thanks.

**user34566548717114** · 06-26-2007, 07:41 AM

nice we need one of these =)

and in true MISC style.....first page!!!

**user34566548717114** · 06-26-2007, 07:42 AM

Nap whats your take on AT&T right now??

**AxlTurwalt** · 06-26-2007, 07:43 AM

Originally Posted by TheStender

How much money does one need to get started? I'm talking bare minimum...

I tried to open up a simple interest earning account as a means of investment, but was told that I required a minimum of $5,000 as an initial deposit. But such investments vary from bank to bank.
I know some brokers will allow you to purchase shares in companies for as little as $1,000, however such a venture is high risk if you don't know what you are doing (as the OP pointed out)

**NAP_s_king** · 06-26-2007, 07:50 AM

Originally Posted by dvv

Nap whats your take on AT&T right now??

Bearish MACD, heavy selling in the last week or so. I think it's on it's way DOWN, no reason to get in it here IMO.

**Worldwide** · 06-26-2007, 07:51 AM

Many mutual fund companies allow you to open an account with as little as $50. But you do have to commit to putting in at least $50 month. But hey, if you're just getting started, that's a great way to do it.

**NAP_s_king** · 06-26-2007, 07:54 AM

Originally Posted by Worldwide

Many mutual fund companies allow you to open an account with as little as $50. But you do have to commit to putting in at least $50 month. But hey, if you're just getting started, that's a great way to do it.

That's true. My comment on the amount needed was in regards to TRADING, not long term investing.

**user34566548717114** · 06-26-2007, 08:17 AM

Originally Posted by NAP_s_king

Bearish MACD, heavy selling in the last week or so. I think it's on it's way DOWN, no reason to get in it here IMO.

ty

**pogue** · 06-26-2007, 08:21 AM

A really good and helpful free site for investors of just about any market is ADVFN (Advanced Financial Network). It just about lets you day trade for free (as far as viewing the financial markets in real time). It also has forums, blogs, and tons of other information.

Other than that, there are a lot of different investment topics to discuss:

Stocks
Bonds
Precious metals
Foreign exchange
Money market
Savings Accounts
Certificates of Deposit
Real Estate

and so on.

**pogue** · 06-26-2007, 08:23 AM

Originally Posted by TheStender

How much money does one need to get started? I'm talking bare minimum...

First, what do you want to invest in? You could do something as simple as open up a PayPal premier account that acts as a money market account, which has around ~5% interest on it. I also recommend ING Direct.

**AlbinoGerbil** · 06-26-2007, 08:27 AM

Originally Posted by pogue

I also recommend ING Direct.

Seconding the recommendation for ING. A few of my buddies used them while we were deployed last time and did quite well.

**mo87** · 06-26-2007, 08:38 AM

check out
www.igmarkets.com.au
i didnt invest there yet but a friend of mine does and he says its good.

**pogue** · 06-26-2007, 08:43 AM

Originally Posted by mo87

check out
www.igmarkets.com.au
i didnt invest there yet but a friend of mine does and he says its good.

That looks kind of suspicious to me - sort of like an autosurf/hyip site. What is a CFD?

**NeedToBeBig** · 06-26-2007, 08:55 AM

I think I'll do some investing after I get my next bonus.

Should be around November or so... Im gunna start reading up on it now though.

**NAP_s_king** · 06-26-2007, 08:58 AM

Originally Posted by pogue

What is a CFD?

Contract for Difference. It follows underlying stocks but allow for higher leverage (and you don't own the actual stock). Quite popular in the UK and Australia.

**mo87** · 06-26-2007, 09:00 AM

Originally Posted by pogue

That looks kind of suspicious to me - sort of like an autosurf/hyip site. What is a CFD?

i think CFD is derivatives.
i dont think it is a scam, my friend invests in currencies there and told me that if you put more than 20,000 australian dollars you get charged and also you have the option to leverage.

**mo87** · 06-26-2007, 09:05 AM

if you want to invest in shares in australia then consider investing in mining companies.

also australian unity investment fund is doing pretty well in australia.

real estate is the best investment in my opinion but it requires a good capital.

right now i am working on imports/exports for coal/timber/electronics. who else is working on imports/exports or middle man?

**mcichocki** · 06-26-2007, 09:10 AM

Finally...a non cluttered thread and no ties to CSH...well you know what I mean NAP_s.

**Mike-anon** · 06-26-2007, 09:13 AM

Can someone find me a nice, easy to understand explanation of options trading? I read about it all the time in the paper, never fully understand what the hell it is..

**NAP_s_king** · 06-26-2007, 09:14 AM

Originally Posted by mcichocki

Finally...a non cluttered thread and no ties to CSH...well you know what I mean NAP_s.

Hah, no kidding...I hope there will be no pumpers in this thread...

**NAP_s_king** · 06-26-2007, 09:15 AM

Originally Posted by Mike-anon

Can someone find me a nice, easy to understand explanation of options trading? I read about it all the time in the paper, never fully understand what the hell it is..

Go to investopedia.com, good intro on there.

**mcichocki** · 06-26-2007, 09:42 AM

Originally Posted by NAP_s_king

Hah, no kidding...I hope there will be no pumpers in this thread...

Between you, me and the other regulars...we won't let that happen.
I'll wave the BS flag in an instant on anyone I suspect is pumping.

BTW...check out RGRP...it's going to the moon. LOL
J/K on the moon part but it does look like it might be breaking/broke its downtrend. On top of that you get positive divergence on macd...if volume shows up it could be a nice pop.

Any input?

**NAP_s_king** · 06-26-2007, 09:46 AM

Originally Posted by mcichocki

Between you, me and the other regulars...we won't let that happen.
I'll wave the BS flag in an instant on anyone I suspect is pumping.

BTW...check out RGRP...it's going to the moon. LOL
J/K on the moon part but it does look like it might be breaking/broke its downtrend. On top of that you get positive divergence on macd...if volume shows up it could be a nice pop.

Any input?

Looks like its starting to reverse, but that needs to be comfirmed by VOLUME (which it doesn't have yet). Will keep an eye on it.

**NAP_s_king** · 06-26-2007, 12:37 PM

Anyone else getting f'd today, or is it just me?

**user34566548717114** · 06-26-2007, 12:57 PM

Originally Posted by NAP_s_king

Anyone else getting f'd today, or is it just me?

Its been a rough few days lol

Cheap scotch all around???

Made a few bucks on siri tho...but nothing serious no pun

I have faith in the market it will bounce back like it always does....at least I tell myself that before I go to sleep everynight...did you know once you make it to the bed and get under the covers the monsters in the closet can't get you!!!!

**frankbink5** · 06-26-2007, 02:07 PM

I was just wondering how much research you guys put in before buying a stock.

I just recently started buying and have had a little beginners luck and bought a stock at 4.70 and in a day and half sold it at 6.05.

**jwdjrs** · 06-26-2007, 02:13 PM

Originally Posted by NAP_s_king

Anyone else getting f'd today, or is it just me?

My stocks still suck just a different day

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