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Stock Investing / Stock Options etc
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Author:  Nevandal [ Tue Jun 14, 2011 5:45 am ]
Post subject:  Stock Investing / Stock Options etc
Anyone here get into this sort of thing?

I recently decided I need to educate myself so I can eventually generate income from the stock market.


I've been doing some basic reading on the 'net about stocks and more interestingly, trading stock options. Been watching a few tutorial videos on etrade as well.

Can anyone recommend a good website or forum to learn about these things?

I was also browsing amazon for books about stock options... here are some of the books I came across.

http://www.amazon.com/gp/product/158597 ... d_i=507846

http://www.amazon.com/gp/product/155738 ... d_i=507846

http://www.amazon.com/gp/product/047167 ... d_i=507846

http://www.amazon.com/gp/product/073520 ... d_i=507846

I would like a book that covers in detail everything about option trading; I want to know as much as possible before risking my hard earned cash. A few of the books are considered "must reads" but are also not for beginners. So I would also need some kind of learning tool...a book or website for this sort of thing.



Anything to recommend?


Thanks :)
Author:  Micheal [ Tue Jun 14, 2011 5:55 am ]
Post subject: 
Not one of my areas of in-depth knowledge. Rynar and Khross could tell you a lot more. The one thing I do know is that there is always some risk involved and no matter how safe a stock seems it can turn to ashes quickly and unexpectedly. Only risk that which you can afford to lose.
Author:  shuyung [ Tue Jun 14, 2011 10:55 am ]
Post subject: 
Image
Author:  Nevandal [ Tue Jun 14, 2011 1:40 pm ]
Post subject: 
It's not gambling if you know you're gonna win. Rain Man practically bankrupt a casino, and he was a retard.
Author:  Lenas [ Tue Jun 14, 2011 1:59 pm ]
Post subject: 
He was also fictional.

The stock market is not something you want to jump into until you have a lot of literally disposable income.
Author:  shuyung [ Tue Jun 14, 2011 2:04 pm ]
Post subject: 
Then you should obviously liquidate all assets and begin options trading immediately.
Author:  Lex Luthor [ Tue Jun 14, 2011 2:11 pm ]
Post subject: 
You also have to pay short-term/long-term capital gains and all that.
Author:  Elmarnieh [ Tue Jun 14, 2011 4:43 pm ]
Post subject: 
Solid dividend paying targets and overseas are pretty nice.
Author:  Nevandal [ Tue Jun 14, 2011 5:20 pm ]
Post subject: 
I think I'll just buy a book or two... lol




Oh, and you people need to watch "The Hangover"
Author:  Rynar [ Wed Jun 15, 2011 12:09 am ]
Post subject: 
You should start interviewing advisors, and once you find one who works well with you, work with him to create a long term objective based plan.
Author:  Müs [ Wed Jun 15, 2011 12:47 am ]
Post subject:  Re:
Nevandal wrote:
It's not gambling if you know you're gonna win. Rain Man practically bankrupt a casino, and he was a retard.


The stock market is gambling for people that can't get to Vegas.
Author:  Lex Luthor [ Wed Jun 15, 2011 11:02 am ]
Post subject: 
I would put money in Bitcoins... its adoption already scaled like crazy with the developers doing hardly any work (relatively), just due to its decentralized nature, and will likely continue. Again, could be totally wrong, but that's my bet.
Author:  Nevandal [ Wed Jun 15, 2011 2:03 pm ]
Post subject: 
i'm mostly trying to gain knowledge about trading / investing / economics
Author:  Rynar [ Thu Jun 16, 2011 8:09 am ]
Post subject: 
http://en.wikipedia.org/wiki/Economics_in_One_Lesson
Author:  Nevandal [ Fri Jun 17, 2011 3:30 pm ]
Post subject: 
I would like to learn more specifically about how the stock market works, how to analyze it, how systems like this work:

http://www.optiongenius.com/


I want to know if that sort of income is bullsh*t or do are his methods / results actually proven consistently. I don't want to waste money subscribing to his service and basically listen to a total stranger tell me where to invest my money to get an 80% chance of having a 5-10% monthly return consistently. I'd like to know how this works and have the knowledge to make my own decisions rather than rely on that dude making them for me.
Author:  Rynar [ Fri Jun 17, 2011 3:33 pm ]
Post subject:  Re:
Nevandal wrote:
I would like to learn more specifically about how the stock market works, how to analyze it, how systems like this work:

http://www.optiongenius.com/


I want to know if that sort of income is bullsh*t or do are his methods / results actually proven consistently. I don't want to waste money subscribing to his service and basically listen to a total stranger tell me where to invest my money to get an 80% chance of having a 5-10% monthly return consistently. I'd like to know how this works and have the knowledge to make my own decisions rather than rely on that dude making them for me.


Like I said, start interviewing advisors.
Author:  Nevandal [ Fri Jun 17, 2011 3:55 pm ]
Post subject: 
I need to have a high level of knowledge of the stock market in order to interview and find an advisor that fits my goals. I know having an advisor is a good idea, at least it sounds that way...however, I could go to an advisor now and I wouldn't be able to understand what I want enough to be able to figure out what he can offer me and how he can help me. I don't want to get an advisor without at least knowing a good bit first.


I think I might start doing some virtual paper trading while I'm learing about this stuff. I hear google has portfolios? Those any good for this purpose?
Author:  Rynar [ Fri Jun 17, 2011 4:17 pm ]
Post subject: 
The advisors you interview should take a very educational approach with you. You are the one conducting the interviews, so direct them that way. Interview more than just several candidates. Take references from your friends and family.
Author:  Rynar [ Fri Jun 17, 2011 4:20 pm ]
Post subject: 
Also, I'd recommend taking the 6, 7, 63, and 65. That curriculum should educate you enough to know if you're having smoke blown up your ***.
Author:  Deeger [ Fri Jun 17, 2011 4:27 pm ]
Post subject:  Re: Stock Investing / Stock Options etc
Nevandal wrote:
Been watching a few tutorial videos on etrade as well.

Take everything you read on eTrade with some skepticism. They make money when you buy/sell stock so it's in their interest to convince you to do it. They also want you to do well (so you'll keep coming) so they aren't worthless but pretend it's a casino telling you how to bet.
Author:  Nevandal [ Fri Jun 17, 2011 4:35 pm ]
Post subject: 
Yeah, the etrade videos so far have been pretty good for learning the mechanics of buying/selling call and put options.


Check this out:
Author:  Rynar [ Fri Jun 17, 2011 5:10 pm ]
Post subject: 
There is no such thing as an investment that has no risk.
Author:  Nevandal [ Sun Jul 10, 2011 8:04 am ]
Post subject: 
I think what the video meant was you can paper trade without using real money, so you can see if you would do well, without any risk.

I've decided to start learning about the Forex market.

I opened up a demo account on FXCM. They give you 50,000 dollars to play with, and I made some random trades, and managed to lose 9000 dollars in 1 hour.

So I read a little bit about technical analysis for about an hour or two, came back to it and made a few lucky trades and gained about 4000 back.


This weekend ...out of the 2 days I had off, about 30 hours of that have been educating myself on forex and technical analysis.

This is sooo interesting.

It's amazing what you can do if you follow a certain set of rules for managing your risk and realizing profits greater than your losses on at least half of your trades.

For instance, if you have a 2000 dollar account balance, a good rule to have is to only risk 5% of your balance at any time, which would be 100 dollars. Look for a trade that you would expect to make 200 dollars worth if it went in your favor, and set your stop loss at 100 dollars. If you're right at least 40% of the time, you will be profitable. It seems like you should be right at least 50% of the time in the long run, if you do well with timing your entry and exit points and your analysis is good.

I can't wait to test out my new knowledge and make some trades on the demo account.
Author:  shuyung [ Sun Jul 10, 2011 10:19 am ]
Post subject:  Re:
Nevandal wrote:
For instance, if you have a 2000 dollar account balance, a good rule to have is to only risk 5% of your balance at any time, which would be 100 dollars. Look for a trade that you would expect to make 200 dollars worth if it went in your favor, and set your stop loss at 100 dollars. If you're right at least 40% of the time, you will be profitable. It seems like you should be right at least 50% of the time in the long run, if you do well with timing your entry and exit points and your analysis is good.

That's called managing your bankroll. Again, I recommend you read up on gambling.
Author:  Aethien [ Sun Jul 10, 2011 12:12 pm ]
Post subject: 
If you're intent on doing it yourself, you might like to visit the The Motley Fool. I sometimes get the feeling that they're pushing some stocks for their own purposes, but I think they have some good basic advice somewhere in there.

Me? We have a financial planner that we talk to a few times a year when we need to move around money in 401K's, etc.
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