Stockmarket Gurus

[raquetcat]

Does anybody do any online trading? I'm thinking about starting it on a small, I don't have much money scale and was wondering if there are any good sites that don't kill you on fees? Maybe some that offer some research tools as well. Or some free sites you can play with to get started, I'm pretty much a beginner so any help would be appreciate TIA.

[jeffy]

I play the stock market game on soonerfans.

[Thin Blue Line]

I play the stock market game on soonerfans.

 

[Del Tremens]

Does anybody do any online trading? I'm thinking about starting it on a small, I don't have much money scale and was wondering if there are any good sites that don't kill you on fees? Maybe some that offer some research tools as well. Or some free sites you can play with to get started, I'm pretty much a beginner so any help would be appreciate TIA.

I use Scottrade.  $7 per trade. Has some nice research resources, and low amount of money needed to open an account.  But if you don't have much money, then the only thing you're going to want to do is put it in a blue-chip stock or ETF for the long-term.  Without much money, you just can't make enough profit short term to cover the transaction fees, and it's tough to pick winners short-term without researching full-time...and even then it's still difficult.

[CatsNChiefs]

I'm assuming this is for fun?  Just pay attention to popular opinion, and stick to stocks in industries you know, like tech or major retailers or autos, whatever.  If you get deeper into it, do some research on portfolio strategies.

To make money in stocks, you either have to research constantly, or get lucky.  You should aim for the latter.

[flatlander]

Don't risk more than you can afford to lose.

[michigancat]

Does anybody do any online trading? I'm thinking about starting it on a small, I don't have much money scale and was wondering if there are any good sites that don't kill you on fees? Maybe some that offer some research tools as well. Or some free sites you can play with to get started, I'm pretty much a beginner so any help would be appreciate TIA.

Is your Roth IRA maxed?  Matching your company 401k?

[steve dave]

I use Ameritrade.  $10 a trade and a lot of tools.  Used to use ETrade but switched over and Ameritrade has better tools.  Long ago I had a DLJDirect account but that was in the early days of the interwebs and I don't think they exist anymore.  If you decide to sign up let me know beforehand as I think I get 5 free trades or some sh1t if I refer you!

[Stupid Fitz]

Buy index funds.  If you really want to play in the market a bit and don't have much cash you can use sharebuilder.  It allows you to buy partial shares.  Not sure about fees there though.  

[pissclams]

this market demands derivatives.  and when derivatives are loaded up, guess what?  give 'em more derivatives. 

[I_have_purplewood]

Do exactly the opposite of what people tell you to do.  If they tell you to buy gold, short gold.  If they tell you to sell oil (ETF), buy it.  Being a contrarian is the way to go.  You should max your Roth or 401k though.  That is sound advice.

[raquetcat]

Good tips, I'll probably just keep pumping up my 401k/roth ira and watch the market for now