I'm a notary, have a lawn care business and wholesale real estate. All don't take much money to get started and can be done if you put the work in except lawn care depending on where you are located
breh. What's the process to get started? What site do you use? Did you read any books or articles?
i use Ameritrade for stocks that are more long term and Robin Hood for short term since they dont charge u for trading. I use penny trade tracker site called
You are being redirected... and an app on google play called Penny Stocks. Both mandatory imo.
as long as u have money u can afford to lose then its worth it. U dont need much to get started. Hell both Ameritrade and Robin Hood have no minimum deposit so u can start with $20 and see if its for u(although Ameritrade charges $6.95 per stock u sell so its best to use Robin Hood at first). As for tips and stuff, just look at the sites with the charts i linked u. Find a company that has a high volume (traffic) and is making good gains. Once u choose one, google the company and its owner(s) to make sure theres no history of scams or law suits because most likely it will be a pump and dump stock which means they purposely increase the stock price by investing alot of money into and hoping people like me would invest as well and then dump all their stock once they see that they've made some gains. Even though its called penny stocks, i usually dont touch any that are below .50 cents.
If everything clears out, buy at a good price point. U wanna check their chart dating back from 5 years ago or at least a year. if they show signs of a W wave chart (which means they have high points and low points) then u wanna invest. U try to find the dipping point and buy in and hope it soars back up and then sell. These arent long term stocks btw. I usually sell when they increase in between .30 - .75 cent raise and usually dont hold onto them for more then 3 days.
I just sold my stock that went up from $2 to $4.44. Had 20 of them and made a profit a little bit over $40. Yea i could've held onto them until tomorrow but a $2 raise in penny stocks is phenomenal and if i had invested hundreds or thousands i'd would've of doubled my monies. Plus u dont know what tomorrow brings. It could drop down to $1 and i lose out (hint my warning about not investing what u cant lose).
There's a lot of good resources for day trading, just google. I barely started a week ago and already up $110 off of $20. Check the stock market thread too. I always drop what i think will do good for quick cash.
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