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Im new and willing to learn as much about the stock market as possibleIm new and willing to learn as much about the stock market as possible
pyrostock said: "Hi im 13 and I just started learning about the stock market (thinks to my dad aka sporemonger) and i want to learn more. So please help me learn as much as possible."
Corey said: "Well your dad is going to be a great resource for you. Any questions you have, what so ever, you should ask him first, because he will be able to explain things to you face to face, and answer any questions that come up immediately. If he doesn't know, you can definitely ask here.
All I can say is read, read, and read some more. I know that probably doesn't sound fun, being 13, but there are some stories that you can read that won't be too far over your head that are still interesting. Once you get the basics of the stock market figured out, you might want to read Nick Darvas' famous book (ask your Dad, he probably knows about it). It is a pretty easy read, and definitely an interesting story about how a dancer became a millionaire playing the stock market with no help whatsoever!
Good luck!"
SporeMonger said: "[QUOTE=Corey]Once you get the basics of the stock market figured out, you might want to read Nick Darvas' famous book (ask your Dad, he probably knows about it)...[/QUOTE]
I have it. Good choice. Thanks! :th_dblthumb2:"
cwms said: "Try watching some of the business networks like CNBC and MSNBC"
Harry said: "[QUOTE=pyrostock]Hi im 13 and I just started learning about the stock market (thinks to my dad aka sporemonger) and i want to learn more. So please help me learn as much as possible.[/QUOTE]
Lesson number one:
Look at old people.
See what they have. See how some like better than others.
Young people do consider that some day they will sit there and say..."OH MY GOD...I'M 46!!! :dazed052:
Part of life is having a plan...many plans...occupation...Financial security."
pyrostock said: "Thinks all as I aquire knowledge I will share it with you too."
SporeMonger said: "[QUOTE=pyrostock]Thinks all as I aquire knowledge I will share it with you too.[/QUOTE]
Shouldn't you be sleeping? :lecture:"
pyrostock said: "No I fall asleep at like 12 shouldnt you be sleeping."
SporeMonger said: "[QUOTE=pyrostock]No I fall asleep at like 12 shouldnt you be sleeping.[/QUOTE]
Who's the Dad? Yes and good night. :)"
pyrostock said: "[QUOTE=SporeMonger]Who's the Dad? Yes and good night. :)[/QUOTE]
night talk to u tomorrow"
Mr. Gekko said: "[QUOTE=SporeMonger]Who's the Dad? Yes and good night. :)[/QUOTE]
No babysitting allowed in this forum Spore! :cop: ;)"
Wangberg said: "something i should do myself....keep a notebook. print articles, record info from this forum, etc."
Rbreb13 said: "[QUOTE=Wangberg]something i should do myself....keep a notebook. print articles, record info from this forum, etc.[/QUOTE]Keeping a trading journal is a very good idea. I have a notebook full of notes, charts, spreadsheets and whatever. I keep track of every trade I make. On days when I feel down about my trading I go back and look at things to see what I've done before and why I will or won't do that again.
It does take some time to do but knowing why/when/how I entered a trade is important. You can track your successes and your failures.
I keep track of everything that pertains to an individual trade. Price/time/reasons/targets/exit strategies, etc. Was the market down/up that day/week? How was the sector/industry doing that day/week? Thoughts/whims/dreams, I mean everything."
LongArm said: "[QUOTE=Rbreb13]Keeping a trading journal is a very good idea. I have a notebook full of notes, charts, spreadsheets and whatever. I keep track of every trade I make. On days when I feel down about my trading I go back and look at things to see what I've done before and why I will or won't do that again.
It does take some time to do but knowing why/when/how I entered a trade is important. You can track your successes and your failures.
I keep track of everything that pertains to an individual trade. Price/time/reasons/targets/exit strategies, etc. Was the market down/up that day/week? How was the sector/industry doing that day/week? Thoughts/whims/dreams, I mean everything.[/QUOTE]
That's one of the best tips you'll get, Pyrostock. Excellent advice."
Cryogenix said: "Welcome, Pyrostock!
I'm big on reading and learning, so my advice is to read all you can about everything pertaining to investing. Of all the books I've read, I'd say THE single-most important one that I wished I'd read as a teen (and that I would confidently and highly recommend to anyone with kids in their teens or in college) is:
[b][url=http://www.amazon.com/Automatic-Wealth-Grads-Anyone-Starting/dp/0471786764]Automatic Wealth for Grads[/url][/b] by Michael Masterson.
It covers everything from how to invest, why to invest, how to go after jobs, how to increase your income, business ops, etc, etc, etc, and in VERY simple, easy-to-understand terms. It really is a MUST-HAVE! Should be mandatory reading for Junior High and up students everywhere! :th_dblthumb2:
Good fortune to you! Start saving your pennies and picking up any you see on the street. Every bit helps! :)"