Stock Trading

[Leviathann]

Does anyone know anything about stock trading as a main source of income? I was thinking about it and it seems like a fairly reasonable path to success. If it's not too demanding then it might be something I'd be interested in getting into.

[Valerie]

Yes, I am fairly familiar with the stock market - more particularly the S&P 100 (OEX) and S&P 500 (SPX). However, I wouldn't recommend trading stocks as your main source of income - because the stock market seldom goes where you want it to (more often it does the opposite :lol: ). Personally, I trade options. If you don't know what options are, read up on it and tell me what you think. Trading isn't for everyone, but if it interests you and you think you'd be good at it, I say definitely give it a shot!

For more info on options, as well as going through the basics, I suggest you visit www.optionetics.com

[Valerie]

What exactly where you looking at trading, and have you read any books yet?

[Leviathann]

I saw a commercial last night for ameritrade and it got me thinking, other than that, nothing really. Um, I own I think like 3 shares of cms...

[Valerie]

Well, like I said, I would advise against stock trading, but if you truly want to make a living out of trading the stock market, look into options. Visit the site I told you about ( www.optionetics.com ), and let me know what you think. They also have a message board that you might want to check out. :D

[Leviathann]

I dunno dude, I read the first page of the basics and it confused the hel outta me.

[Valerie]

Hey, I never said it was easy! :lol:

[charmedkisses1]

I wanted to invest in Google, but I'm too young to understand that.

[Raidenmaru]

Oh, and this standard disclaimer that's on my prospectus:

"The government wants us to remind you that trading stocks and options is risky, and you could lose a lot of money."

[listening to Origa / Yoko Kanno : Inner Universe ]

[Leviathann]

Google is way expensive!!!

[Valerie]

When google had its IPO (initial public offering), it opened at around 95 dollars per share...and went all the way up to 180+ dollars per share...so if you would have gotten in early on that...well, let's just say you'd be pretty close to retirement depending on how much you invested. :D

[Valerie]

Oh, and this standard disclaimer that's on my prospectus:

"The government wants us to remind you that trading stocks and options is risky, and you could lose a lot of money."

[listening to Origa / Yoko Kanno : Inner Universe ]

Yes, it's risky, and you could lose money, but if you're smart in your investments, study as to what you are doing, and invest wisely, you can make a good chunk of change. And never, ever, ever think you are better than the market...because...you'll lose. :D

[Leviathann]

Is there a list of stocks that yield dividends anywhere?

[Valerie]

Check www.nyse.com ...it might be there.

[PoisonIvy]

I mostly deal with the DOW and no I wouldn't recommend trading in stocks as a main source of income. It is a very risky buisness!