Stock Markets

[Barbatos]

Anyone else here own stock or actively play the stock market?

I've only been doing it since last november, where I purchased a few shares of citigroup with an initial investment of a paltry $450. Since then, after some careful buying and selling, I've grown that to about $1100 (I could have even more if I was smarter or played it more actively). Just now I plunked down $500 more into my account and used it to buy 26 shares of charles schwab. that's going to be a long term investment and not gaming the system like i'm doing with the rest of my account (626 shares of etrade lol) - and i plan to buy more of that particular company throughout the year since 26 shares is basically nothing.

So, for those of you who are in the markets, what shares do you have? what kind of tricks do you pull? or are you just doing it safe and investing in money markets/etf's/mutual funds?

[Raven The Dark Angel]

I own a bunch of stocks. It kinda goes up and down but I'm staying around the same amount. I think I lost $300 but I'm not worried about it at all. I did this little investment thing through my bank so the stock guys they have take care of the wheeling and deeling of it for 9% of the profit. But that's like pfffff because I dunno anything about it other than it's good to have them because not only does it usually make money it's tax free monies until you take it out :> I'm not sure what it's of though... next time I get a summary again I'll take a look. The guy explained it to me before but I was like yeah yeah I'm not doing it myself whatever make me money done. XD >.> though maybe I should since Died seemed to make a good amount. Though I wouldn't even know where to begin. I still have s'more money I could play with on my own though so Icould try.

[Barbatos]

very nice raven, if you're interested in gaming the stock market, you'll need to do it independently and not through some noob who'll take a slice of your profits.

you could try setting up an account on Scottrade, that's what I use: http://www.scottrade.com. And if you let me refer you, I get some free tradez, so let me hook you up~

[Kojo]

I am thinking about buying a few bonds, since they seem more secure, and a higher priority and rate of return. But really I own nothing in it.

[Barbatos]

I am thinking about buying a few bonds, since they seem more secure, and a higher priority and rate of return. But really I own nothing in it.

go for it! let us know how it works out.

really, with the market at all time lows right now, it's actually the best time to invest. too many people are acting like scared chickens and hoarding cash instead of investing, which means dirt cheap stocks and bonds for the rest of us.

[Barbatos]

Man Penny Stocks are awesome! I've made on average about $100-$200 a week for the last 4 weeks just by buying these cheapass stocks and selling them when they are literally just a penny higher than their previous price. Last week I bought 30,000 shares of this stock called NVSR at .029 and sold it at .038. You do the math. Haha.

Anyway if anyone has like $500 to kill and wants to know how to get in on the action, just hit me up with a PM.

[Raven The Dark Angel]

Hmm really making that much? Meh what if it goes lower? Are you just buying them and selling them within a week no matter what? I wouldn't mind trying that. I got so many bills right now it might be worth a shot. Since I only made $225 in a WHOLE YEAR of the stocks I own.

[Barbatos]

Hmm really making that much? Meh what if it goes lower? Are you just buying them and selling them within a week no matter what? I wouldn't mind trying that. I got so many bills right now it might be worth a shot. Since I only made $225 in a WHOLE YEAR of the stocks I own.

I try to sell them as soon as I can make a decent profit of 'em. The practice is called day trading~

If it goes lower, which happens, I just wait until it goes higher than what I bought it for. I've had to wait months for some of my stock purchases, but those weren't penny stocks. Penny stocks are lot more likelier to go positive in a short time than normal stocks.

[Raven The Dark Angel]

hmm okay lemme get back to you on that or is that what you would've PMed me? :o

[Barbatos]

nah it isn't, i haven't pm'ed you yet

[Kojo]

Cool. Sounds risky to me though. Sometimes large shareholders do what you're doing, and it drops the price lower than what they bought it for, then they go back with their gains, buy more, rinse, repeat.

I'd try it if I had money to burn.

[Raven The Dark Angel]

It's not really money to burn. You just gotta figure what you're doing. I think the problem is that people with less money are more scared to lose it naturally. But that shouldn't stop you from taking a risk and trying. It's not really that much anyways because even if you did start to lose a lot you could probably pull out before its all gone. I guess it's like playing the lotto with a giant high chance of winning or breaking close to even. You also have to not spaz out if your money goes in the negative. I was -500 once but that didn't bug me too much because now I'm making money. Stocks is usually something you have to sit on. These quick gain ones are higher risk but if you do them so much after while you can just play with your profits and it's no skin off your back.

In other words, don't be afraid to try it.