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| zhukov |
 Posted: Sat Nov 05, 2005 6:03 am Post subject: New at this: trying some of Cramer's MadMoney picks. |
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New Poster
Joined: 05 Nov 2005
Posts: 4
This Month: 0
6049.61 e$
Net worth: 8,031.66
Portfolio Value: 1,982.05
Monthly Return: -3.40%
Trades this month: 0
Churn Rate: 0.00%Items
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I am thinking about giving this trading thing a whirl. This looks like a good site to learn about it. I am trying a couple of Cramer picks to start the ball rolling.
How much cash does one need to really get into the game and have enough stocks to trade with ? 10-15k at least, right ? A 30-40$ stock will cost 3-4k for 100 share lots so to have 4-5 stocks will blow some considerable cash...
Zhukov |
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| Benjamin |
| Posted: Sat Nov 05, 2005 10:00 am Post subject: |
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Administrator
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Welcome to eInvesting!
A lot has been said here as far as how much should you really start with. The answer seems to vary from person to person.
Kind of like gambling you should really only invest what you'd be prepared to lose. (Of couse your odds are much better you won't lose it all like they would if you put it all on red  )
Just remember if your trading small even commission's can kill your return. Try it out here and get a feel. I'm sure others here can expand on this!
(Oh, here is some extra e$ just for posting!) |
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| efflandt |
| Posted: Sun Nov 06, 2005 3:13 am Post subject: |
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Investing Manager
Joined: 01 Oct 2005
Posts: 206
This Month: 0
Location: Elgin, IL USA
76550.10 e$
Net worth: 126,344.80
Portfolio Value: 49,794.70
Monthly Return: -6.94%
Trades this month: 0
Churn Rate: 0.00%Items
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You do not have to buy 100 share lots here, just so the simulated $10 trading fee does not eat up too much e$ (and % gain) of each trade.
In real life my IRA money has been in fixed interest and 401k in stock funds. My stock investing experience started in August with a portion of my IRA and new Roth IRA (about $20k total). I currently have 2 mutual funds and 4 stocks, learning the markets before another IRA CD expires next year.
To get started with e$ here, I just picked my stock with the most potential (biggest unfounded dip in Oct. now moving up towards 11/7 earnings report). But I missed the depth of the dip, so what shows as a Nov. gain here is offset by 12.23% Oct. loss. It is a small stock whose earnings just went from negative to positive last quarter and are expected to grow significantly into next year.
In the real world you want to start with at least $10k so you can diversify a bit. But here you can be a bit more speculative. So pick a couple of stocks and start learning about risk and rewards. What have you got to lose but e$? |
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| frusnak |
| Posted: Tue Nov 22, 2005 4:31 pm Post subject: |
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CFO
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efflandt
Excellent advice  |
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| poornewb |
| Posted: Mon Nov 28, 2005 4:06 pm Post subject: |
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Investing Manager
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| Im new here too and yes The show mad money has gotten me very interested in the stock market. I read Jim Cramers book over the holiday weekend and he has lots of good points. BUY AND HOMEWORK! If you notice, if your really trying to find the next google your probably not going to hear about till its to late on his show. |
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stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
