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A group for beginning investors to ask questions and learn the ropes and learn from the collective knowlege of the TK community.

Active Since 02/18/08

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Casey

Member since: Jul 07

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I saw several posts by users asking for a beginners forum so we started this group. This group is designed for beginners and seasoned investors alike as someone has to be here to answer all the questions. Please feel free to ask away. You will never learn if you don't ask. There are no bad questions. If you don't understand something, you would be a fool not to ask.
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Lochlainn

Member since: Feb 08

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Thanks for starting this group. Hopefully we can get some good conversations going on in here.
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wrhmcp

Member since: Feb 08

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Thanks for the invite. I promise I will ask questions. The hard part for me asking is that this area of the site is so slow. I hear that it's a temporary condition. Will this issue be addressed?
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energized

Member since: Dec 07

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Age: 40's
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Thanks for starting this forum. I have a lot of questions, so you'll see me here a lot.
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UPod

Member since: Dec 07

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Good job getting this going Casey.  I have a feeling this is going to be one of the "hot spots".
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wrhmcp

Member since: Feb 08

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Now that a few days have gone bye. This area of the site is faster. This is a good thing.
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mjuaire

Member since: Feb 08

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Age: 20's
Chicago, IL
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"If you don't understand something, you would be a fool not to ask."

 Well, I'm glad to see this rhetoric, because I literally don't know anything.  At least I feel that way.  I'm sure I will find out that i understand a number of things but I am brand new at this overall.  I opened up an IRA account, and don't have much money in it at all, but I need to begin doing something.  I hope I can get some ideas from people on just how in the world to begin figuring this all out; research, strategies for an IRA in comparison to a brokerage account, strategy for beginning with little money and growing...etc.  Glad to be here, just feeling overwhelmed at the moment :)

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UPod

Member since: Dec 07

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Welcome mjuaire.  There are tons of books out there for beginning investors.   I would suggest checking some of them out.  Check out the "Reading Material" topic in the Union of Fundamentalist Stockpickers group for some ideas.  There are also a lot of investment books on CD which are nice if you don't have a lot of time to read.  
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DenverKid

Member since: Mar 08

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Wanted:  Mentor needed to show me how to make a covered call to hedge against losses.  I need someone to take me thru an actual position as it develops.  Direct communication would be desired.  If you are interested in being a mentor please respond and I will determine how to communicate with you.  Thanks.
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SP4

Member since: Mar 08

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 hi all and thanks for all the info i am about to receive. my wife and I are also very new to this. after years of my saying "I'm going to do it" and learning how to read chats some. well we finally opened and account. once again thanks
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Casey

Member since: Jul 07

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Welcome about SP4.

 

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ChrisEuph

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Hello group,

I want to transfer my Roth IRA from AIM Investments to TradeKing.  Will my stock account be separate from my Roth IRA?  Any one know the answer?  Thank you.

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Photuris

Member since: Apr 08

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Hello group!

I just wanted to say hello to everyone here and introduce myself.  My name is Rob and I am an absolute novice when it comes to trading.  I really like the idea of TradeKing because it combines online trading with a friendly community from which to learn and grow. 

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NorthStar

Member since: Mar 08

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Hi All,

Excited to be part of the group. I've been doing alot of reading on what to do and not to. Although I always feel the best knowledge out there to learn is on this Street.

My question is: How do you know if you have enough capital to begin buying stocks. Is there a boiler plate $?  

 

 

 

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UPod

Member since: Dec 07

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Hi NorthStar,  I don't know if there any hard and fast rules to your question.   A lot of it depends on how much trading you're going to do. For example,  if you were going to start with $1000.00 but figure  you'll make 100 trades a year,  well then 50% of your capital went out the door for trading costs,  but if your only going to do 10 trades a year,  then your expenses are down to 5% of your capital.  Hope this kind of helps you.
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5whiskey

Member since: Apr 08

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I can say that I got started investing with 100 bucks and 25 free trades from USAA in January. I know that sounds ridiculously small (it is). I obviuosly have siphoned a tad more money into my investment account. I have put 500 bucks in my brokerage to date, and I sold all of my holdings for a total of 688 and some change. 11.95 a trade would have killed all profit and made my account negative. Now that I have my feet wet and know just enough to be dangerous to myself, I am firing USAA (although they are a pretty decent company) because I don't make enough trades to get the cheap 5.95 rate. You have to make 25 trades per quarter. At any rate, from my tax rebate and money from other brokerage I'll at least be over the 1k mark...

Now I'm here at tradeking. I'm still learning but I would say start with whatever you are comfortable losing! Then you should still use stop-losses. Learn as much as you can before beginning.

Now to throw my stupid noobie question out, how many of you seasoned guys feel about fundamentals vs. technicals. I started out paying attention to nothing but fundamentals, printing off balance sheets and studying them with my investing for dummies book. As I've gotten my feet wet, I am learning that fundamentals should be looked at before even considering a stock but technicals are helpful to study and know when to buy/hold/sell and where resistance is. Does any of the seasoned investors invest strictly off of fundamentals, or do most use a combo approach using funds and techs? Thanks gang...

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Casey

Member since: Jul 07

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I've always followed the general rule of thumb of use fundamentals for long term trades and use technical analysis for short term trades. Fundementals are real and they are the health of the company. They do not lie. Technical analysis is mostly sentiment and changes often.
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UPod

Member since: Dec 07

5 Day -8.48%
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Casey hit it on the head.   That's exactly how I feel about it.
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Woody

Member since: Apr 08

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That is a good point Casey, but you should also follow the phrase "Trade the trend".   Would you get into a long term trade on a stock that has been in a down trend for a year?  Probably not.  I would generally see if the stock is moving at an acceptabe rate for the length of the trade I want to be in.
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Reiko

Member since: Jun 08

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I have read several books and have been investing for a couple of weeks.  I have read the following:

Rich Dad, Poor Dad

The little Book of Value investing

Jim Cramers: "Real Money, Sane investing in an insane world"

WIlliam Oniel "How t make money in stocks"

I am currenlty reading The "Warren Buffe Way"

I also have a copy of the 1934 Ben Graham Book "Secuirty Analysis"

Does anyone have any suggestion on other good books to read.  Personally I liked Jim Cramer and William ONielss books, the other two were ok.  Just wanted to get some opinions on outside reading that would be valuable. 

 

 

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