Quote (KIDRitch @ Thu, Jan 15 2009, 10:51pm)
Well if you want to play the stock market - keep in mind commission costs are ~$8 per trade - so for a buy and a sell it'll run you $16.
Withdrawal fees / other brokerage fees can run you another $50-100.
That means you need at least a margin of $120 per trade to make a $4 profit. That all said here is my advice: you are a noob, you will get squashed by the public markets and the volatility.
Pick a solid company that demonstrates a good value (trading at low P/e ratio's and has potential for the ratio to increase, etc.). Also stay away from scammer stocks like oil /drilling exploration.
Hm. So, how easy is it to make this 120 margin -.-
Do you have any experience/anecdote's you care to share..
btw, idc bout money [i do..but, we assume i don't] and I'm fine with putting ~$400 in
This post was edited by bob08 on Jan 15 2009 10:58pm