OK, first of all, I'm a stock-trading dummy. A better description might be that I'm a complete newbie. That said, my GF and I will be engaging in a little wager. We're each depositing $100 (I know, I know...not much) into separate trading accounts through ING ShareBuilder (ING will then match $50 for the effort.). We'll then buy and (perhaps) sell stocks over the next months. On December 31st we'll see who has the most money. The one with the least amount will take the other out to dinner of choice. Wish me luck?
Good point. *sigh* FWIW, I signed up for a 4-week free trial with Investors Daily. http://www.investors.com/ Signed up for another Best Stocks Under $10 free trial with them, as well. We shall see.................................
I'm sure I'm doing something wrong, but it costs me 8.95 a trade. You can't trade very much before the $100 is gone
Yeah, I heard dat. Thinking of finding one or two stocks then sticking with those. Who knows, we may increase the stakes to $500. At any rate, we'll be goofing around with it this weekend. I'll see what she says..... Thanks.
Mine is $9.95 through Sharebuilder. I think it's going to be very hard for either of you to end up with any money at the end when any transaction is going to cost you roughly 20% of your bankroll to trade ($9.95 to buy, $9.95 to sell). Your best strategy may be to buy one stock that is fairly cheap/stable and sit on it in hopes she is active with her stocks (thus hemorrhaging money to commissions). EDIT: Missed your response in the previous post.
use a simulator for trading. spend the $200 on sex toys. you'll probably come out ahead in the long run.
Go for the victory right off the bat... Buy 1 contract (100 shares) of the December $81 PUT options on SPY (an S&P 500 ETF). They are selling for $0.98 right now. You'll either win by a long shot, or lose your $100.
I had to apply for options trading on ING ShareBuilder and will have to wait to be approved. Interesting, though.
Well if he bought the right stock at the end of the day Monday, he could of turned it around and sold at end day Tuesday for a profit. Dow is down big today, pick the right stock this afternoon and hope for a bounce. Problem with starting with $100 is he is retricted to penny stocks to make any kind of money.
I'm not looking to make much money so much as I'm looking for the gf and me to have some fun with a new hobby. We're both new to this so it will be fun watching to see how it all pans out.
Everyone's getting out, and you're getting in. Would you like to buy stock from me? Don't listen to these other guys, I got good cheap prices. You may pay more, but you're getting better quality.
