Guys, I'm an 18 year old boy that's about to graduate high school. I got 1000 dollars in my bank account that I want to invest in stocks. What do I have to think about before investing and do you have any general tips or common beginner mistakes? I'm also investing in Europe if that matters.
Any help is appreciated, thank you.
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Buy amrn on a dip and hold for 2 years
Get into biotech/ life preservation type shit nigga yeh
stock of a single company can drop to zero in a day but managed portfolios (fund) eat the profit in form of yearly management fees. Look at bitcoin for a small amount of your 1000 dollars. When I had 1000 dollars to spend on stocks i was happy that i saved something for later in case something happens
invest in XRP
thank me later
this, investing in stocks is the stupidest thing you could do right now because the bubble hasn't yet burst
download robinhood app for your phone
watchlist: SPY, DIS, AMZN
then in acct settings enable stock options trading
look around at the options for awhile, get the feel for it.
google what a "covered call option trade" is
then start making them
its the easiest money you will ever make in your life and its the trick in trading to always always have money.
also, never buy an option less than at least $40
that rule of thumb will serve you well my son.
good luck and welcome to the neet life.
Your best bet is just to sign up with an etrade or fidelty account and just throw that 1000 in a stock portfolio that can net you 10% annually. Continue working and saving money and reinvesting your dividends to have that grow and before you know it that 1,000 is worth 10,000, then 100,000 so on and so forth.
If you want to *gamble* throw it yourself in volitile penny stocks or crypto currencies.
I wouldnt suggest day trading it. Its going to be tantalizing at first knowing you can secure profits right away but you're almost guarenteed to lose that 1,000 as you learn and very few are able to come out in the green day trading.
When it comes to investing your money, there is no real secret strategy or "right" way to do it other then saving your money and letting it grow over time. Once you have a decent chunk of capitol you can begin learning how to properly leverage your investments but its not worth the time or effort over $1,000.
this faggot is suggesting that OP pays the kikes $7 for every trade he buys or sells.
>gas yourself faggot
you should invest in snapchat and instagram and tiktok
oh and OP, trading stocks is what you do when you have a shit ton of capital.
how you start off with just a little bit of money and multiply it rather quickly is with stock options trading.
dont listen to these miserable faggots trolling you with "buy stock"
Memes aside, put it into crypto if you actually don't mind volatility (assuming you don't since you want to get into stocks). Lower amounts of capital will generally take you a lot further in crypto right now compared to the stock market.
in the right stock options trade OP could take $400 and easily turn it into $7k
cant do that with crypto right now but not holding a good bag of ETH, BTC, LINK, and MCO will for sure make anyone suicidal in the near future
what the fuck is a stock option, let me see a chart of it
This is an intelligent comment. Make sure to follow this guys advice.
here ya go, sweetie
>investing in Europe
never going to make it kid.
rip. didnt even read that europe shit.
enjoy staying poor OP
>theres a reason we call you europoors
/thread
Can you go into more depth on stock option trading or direct me to where i can read more about it?
dont waste your time with Jow Forums - /smg/ - they are all fucking retards when it comes to options trading. they will literally tell you to just put all your money into an ETF that gains like 5% annually if you are lucky.
what you want is Jow Forumswallstreetbets - thats where anons go when they want to win in the markets. all Jow Forums is used for is spam and scammer shitposting designed to take money from jackasses and make richfags even richer.
>Jow Forumswallstreetbets
this is literally just filled with degenerate gamblers lol
go to elitetrader OP. a lot of guys there know their shit
>also, never buy an option less than at least $40
you really don't understand options lmao
t. some faggot from Jow Forumsinvesting
enjoy those 3% annual gains you boomer fucking faggot.
>WSB is the creme of the crop, especially the discord
i turned fucking $2k + $1k of margin into over $80k in my first year of trading based on the DD threads and /u/SoRefreshing's posts on WSB.
you are literally never, and i mean EVER fucking making.
>you really don't understand options lmao
ditto pic related.
with options it's all about entering with the most optimal profit loss ratio whether that be reducing your cost or increasing your reward
im advising the user to take safer positions that you are saying, idiot.
jesus fucking h christ. try not to gamble so fucking much how bout that?
if you're not pinpointing the a specific range of prices with greater than random accuracy then you're not gaining any edge in the net zero game of derivatives, therefore if you are buying expensive calls then you aren't taking high quality trades
Hold on to that thousand. Invest your next thousand in a Roth IRA at vanguard. Watch how things go and trade how you like. Reassess your view of the market after one year.
nigga I'm up 30% for the month. Fuck you cunt.
A European counterpart to RH is Revolut, idk if they've released their trading platform yet though. With only 1k, you'll definitely want a minimal commission if you plan on trading with any frequency.
Unironically penny stocks. I recently put 1k into a RH account, the only stocks I've consistently made a major profit on are LODE and PRPO (pre reverse-split) by swing trading. Look at a stock for a while, find where the weekly ranges tend to be, buy some on the lower half. If it keeps going down, buy more (the same dollar amounts worth of shares, it's called dollar cost averaging). I know those two stocks are US, but it should give you an idea of what I'm talking about. For example, LODE ranges from .22-.25 in a week, I have a buy limit set at .225-.23 and a sell at .24-.245. I'm sure you can find something similar over there.
As for common beginner mistakes, joining an upswing too late or cutting your losses too early (getting emotional in general) is a big one.
Good luck user, we'll make it together!
First find a better place to get financial advice than Jow Forums.
Found myself in this thread OP.
Is it worth buying LINK or is it just a meme?
Go to any of the 20+ link threads at any given time. Don’t bother asking no linkers because they have no idea what the fuck they are talking about.
If you’re asking if it’s a meme then you need to LURK MORE and stop outing yourself as a brainlet.
Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. share.robinhood.com
just buy 3x leveraged ETFs, literally free money, its super volatile but represents the entire market. If you want more earnings, but short term calls for these 3x levered ETFs