how to set a stop loss where it would automatically sell when it drops below a certain price because i dont see it here on the investopedia simulator? also how do i set an automictic sell when it reaches above a certain a price? also how to trade cheap stocks when it never goes higher than a few cents!? how do people actually get rich trading!? lets says you buy 5 shares of amazon which is 100 a share which is 500 and it goes up to 110 which is only 550 if you sell it! and it took a month just to rise to 110!
Leverage mate. The same way you get poor trading. The organisations that want you in the game and giving them your money want you to sell the instant your long trade turns around and buy the instant your short trade turns around. That is 10 years or never in your future. Learn to identify a trend.No one will be able to tell you exactly how to do that.It will be your own parameters. Learn to identify where price tends to stop and start. Realise that you are playing a game of probabilities,attempting to put the odds slightly in your favour.Don't bet the farm on any one trade and don't get too excited about any one trade.Anything can happen and you can only control what YOU do.Think about 100 million people drawing on a white board at the same time and youre trying to guess what the word of the day is.Cant be done. Good luck mate. A lot of reading to be done but just enjoy the ride.
If you need money fast, I don't think trading would be the solution for you (or anybody)! For you other questions, maybe you could start with my friend Google. He knows a bit about everything...
Haha.I overlooked his user name. Everyone needs more money though. Hopefully he means he needs more than he has and is willing to work for it.
Trading is an excellent way to become poor very fast. If you want to be rich, you have to work very very very hard If you want short cut, Use crystal ball, use astrology, go to casino.... But then, the lazier you are, the poorer you will be
ok can some of you guys answer some of my questions? am i right that if you buy 5 shares of amazon at 100 a share = 500 and it rises to 110 a share and you sell it would be only 550? and so i look at the graph and it usually takes months to a year to see the price rise so it takes a long time? so is it best to buy cheap stocks then like 5 x 1000 = 5000 and it rises to 9 in one year so its 9000 thus 4000 profit?
You want to buy companies of a good quality and cheaply. And just because a share is cheap (say, ~$5), it doesn't mean that it will go up. It can go down to $2 or even a 0. Instead of investing, buy some some books about it first. ,,How to make money in stocks'' is a good start.
nok stonks brings back memory. i got a funny story to tell. i put $100k on nok about 10 years ago. back then i wasn't a trader, had investor mindset. my marriage was rocky and almost went thru a divorce. i had $100k in a trading account and said eff it. i said to myself if i lose it all, my wife is getting half of nothing. and if it goes up, she can get the half then. anyway, it went up a bit and i sold it for a profit and never touch nok again. as of today, i'm still married. so what lesson did i learn it? don't gamble with your money if u don't know what you are doing.
Best Buy Price for Stocks - https://elitetrader.com/et/threads/...st-right-here-baby.335635/page-8#post-4990185