got me interested

[adamsfence]

alright im interested in this(stock market) but i want to get my feet wet by playing with small amounts of money first couple of questions


what about penny stocks?
who do you use to make trades
how do you research your trades

[Zachary Boy]

I use a broker @ Edward Jones. I keep my stuff in 'blue chip' stocks that are relatively safe and pay decent dividends. The younger you are , the more risk you can afford to take. The more risk, the higher the reward. At my age 54, i am just trying to hang on to savings accumulated over 30 years. To make da cheese, you have to lay those nads out there...When I signed up, I filled out a form that asked me what my 'pain threshold' was. The last week has tested that(risk tolerence) very much..

[jchief]

Adam, Fool posted about an app for playing a simulated market. I downloaded one on my puter yesterday, but have not messed with it yet.

I am where you are at now.

[alphaman]

I'm also interested in this. But don't know where/how to start. What the name of that app.

sent from my HTC Inspire

[jchief]

This is the best reviewed that I saw so far

http://www.investingsimulators.com/simulators/Updown/#!overview&communityreviews

http://www.updown.com/?_code=affiliates?idev_id=534

I don't know if they will work on a phone.

[adamsfence]

im playing with it on my phone now made 500 yesterday but lost it all this morning.......im just wanting to start with a few hundred and play before i go all out there. i have funds and stuff for my retirement just wanting to dab a bit buying and selling


nobody does penny stocks

[huntin fool]

im playing with it on my phone now made 500 yesterday but lost it all this morning.......im just wanting to start with a few hundred and play before i go all out there. i have funds and stuff for my retirement just wanting to dab a bit buying and selling


nobody does penny stocks

Adam maybe you can explain this app a lil more to me as I just switched to the millionaire one. How can you tell what you have made? Where is that located

[adamsfence]

on mine it says worth in blue at the top right.... you started with100000 mine now says 99904 so i lost 100 im guessing. also if you go to the trophy you can see what the top guys are buying and selling......most of them are playing with stocks less than a dollar.........but you can reset your 100000 at anytime so i wouldn't care either.

[Micah]

From YAHOO.....


The market roller coaster took another big dip down Wednesday, with the Dow tumbling more than 400 points midday before stabilizing a bit.
If you're like most non-professional traders, these kind of wild market swings — down 635 Monday, up 430 Tuesday, down 400 Wednesday -- can be gut wrenching, confusing and downright scary. (Rest assured, many professionals feel the same way - they just don't admit it.)
For those of you feeling paralyzed by the panic, here are some time-honored rules for a seesaw market:
If You Can't Take the Heat, Get Out: As my Breakout colleague Jeff Macke likes to say, if the market is keeping you up at night, you shouldn't be in it. This is particularly true for people at or near retirement age; you simply don't have the time (or income stream) to make up for big losses, a hard lesson many aging Baby Boomers learned in 2008. The same rule applies if you have funds in the stock market earmarked for a specific event in 5 years or less, like a house purchase, wedding or college tuition.
Contrary to what financial advisers tell you, there's no law stating your money has to be in the stock market, just as, contrary to what financial advisers tell you, there's no guarantee stocks will perform well "in the long run."
Don't Panic: If you don't need the money in your retirement account in 5 years or less, you're better off sitting tight vs. cutting and running. Unfortunately, many investors simply can't take the pain and are doing just that.
Transfers in the 4.7 million 401(k) accounts monitored by consultant Aon Hewitt exceeded $1.6 billion on Monday, more than three times the normal level, ABC News reports (http://abcnews.go.com/Business/wireStory?id=14267146). "All of the assets moved Monday were taken out of stock funds and invested primarily in bond funds."
Historically speaking, retail investors get scared and sell out of stocks at important market bottoms. Pulling out after a big decline means locking in those losses, a mistake many investors compound by turning around and buying assets that may already be at inflated prices, such as gold and Treasuries in the current environment. That's why Wall Street pros refer to us as "the dumb money."
Have a Plan: Sometimes the most boring advice is the best advice.
Investors who have previously established set patterns of portfolio rebalancing, diversification of investments and long-term goals for their money tend to do better -- both emotionally and financially -- during periods of dramatic market upheaval, says Liz Ann Sonders, Charles Schwab's chief investment strategist.
Learn from Your Mistakes: At of July 1, 80% of workers in their 40s and 50s had more money in their 401(k) then they did in 2007, meaning they'd recouped the losses from 2008, according to data compiled for AP by the Employee Benefits Research Institute. After Monday's 6.66% decline, that figured had dropped to 64%, suggesting a lot of investors were just waiting to get back to even after 2008 but hadn't changed their behavior.
Just as refusing to open statements from your broker or 401(k) administrator doesn't count as "financial planning," neither does "hoping and praying" the market will come back.
Nobody knowshow much longer the current market squall will last or how much lower stocks will go before it ends. Then again it's quite possible the selloff ends today (or tomorrow) and stocks will return to their rallying ways. What can be said with near-100% certainty is this won't be the last time the stock market embarks on a heart-stopping decline.
So sometime when the market's closed or (ha-ha) quiet in the next few days, take a minute to ask yourself a few questions:

Am I doing anything different today then I was doing before the market crashed in 2008…or 2000?


How much volatility can I really stomach and how much money can I really afford to lose, even if just on paper, even if just temporarily? In other words, what is your risk tolerance?


Can I really do this myself? If the answer is "no," then you're much better off finding a financial adviser. A good one can help you navigate the stock market's highs and lows; he or she won't promise you the moon, and the fees paid will be well worth your piece of mind and your bottom line.
In the end, the best advice anyone can give you is this: Investor, know thyself…and proceed accordingly.

[ckinchen]

alright im interested in this(stock market) but i want to get my feet wet by playing with small amounts of money first couple of questions


what about penny stocks?
who do you use to make trades
how do you research your trades

Well I can't tell you much because my firm audits over 100 penny stock companies and I really do not want to go to jail for insider trading but let me tell you this. Penny Stock = Playing the Lotto.

[joshdomingue]

alright im interested in this(stock market) but i want to get my feet wet by playing with small amounts of money first couple of questions


what about penny stocks?
who do you use to make trades
how do you research your trades


When you figure all this out ..... let me know.

[adamsfence]

Well I can't tell you much because my firm audits over 100 penny stock companies and I really do not want to go to jail for insider trading but let me tell you this. Penny Stock = Playing the Lotto.


man i can keep my mouth shut pretty good......what you need phone number, email, tell me at the tourney, i'll be in baytown starting monday:eek:......kind of what i want to do either make alot or loose it kinda like my trip to the casino. i just want to play don't have the balls to put alot of money on the line.

[SaltERedneck]

dude I put my money in ROTH IRA... you can get aggressive with those also. I dont have time to play around on the market sooo i let others do it for me. Its not really a big money maker but a good investment over time.

[adamsfence]

dude I put my money in ROTH IRA... you can get aggressive with those also. I dont have time to play around on the market sooo i let others do it for me. Its not really a big money maker but a good investment over time.


i have a roth too that is what i keep some of my retirement in....what little i have

[SaltERedneck]

little is better than none. better to start early.

When playin with stocks I like to stick with things I KNOW about... not random things i have no clue about. Alot of mine go to the Medical industry... Ever growing and I am a medical person myself.

[Gerald]

If you want to start learning more about the stock market, here some free sources to look at for information. Some web sites require annual fees to get more than just the basic information about stocks.

http://finance.yahoo.com/

http://investing.money.msn.com/inves...market-summary (http://investing.money.msn.com/investments/market-summary)

http://bigcharts.marketwatch.com/qui...&freq=1&time=8 (http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=t&sid=0&o_symb=t&freq=1&time=8)

http://www.zacks.com/

[huntin fool]

Opened up today and woosh all mine shot up like a rocket

[Gerald]

Market has been up 100 to 200+ points this AM. CSCO has been a big market mover today.

Oil just above $ 83.

[adamsfence]

Opened up today and woosh all mine shot up like a rocket


mine too but the one i had the most in is loosing its butt so im breaking even

[huntin fool]

mine too but the one i had the most in is loosing its butt so im breaking even

I went from being ranked
11466 to 7520 to 8155 :(


Adam what's your name on it

[adamsfence]

louisiana i am 7501th......bought into freez it is a penny stock plus it is my biggest mover 23% today also oink

[adamsfence]

that freez was my looser earlier now its at 23%

[rainy_day]

Don't play with anything you can't do with out...Lost my share of money in the for com bust.. I had a well know broker. Remember these guys make money whether your buying or selling...Also your not there friend their friends or the owners company's who's stocks their selling to you..My guy went hunting in Argentina came back talked me into buying ten thousand
Dollars worth of a stock that two years later was gone....Remember do your homework and your not their friend...

[adamsfence]

me and fool is playing a fake one its not real money.....haven't got brave enough yet

[fishinpox]

I've heard if u don't have enough cash to live 4-6 months worth put up as a security fund you should concentrate on that account b4 investing. I made sure I had at least enough to pay bills house note ect and to eat/ live comfortably for 1 year prior to any investments

[PUREBAY2200]

I've heard if u don't have enough cash to live 4-6 months worth put up as a security fund you should concentrate on that account b4 investing. I made sure I had at least enough to pay bills house note ect and to eat/ live comfortably for 1 year prior to any investments

That's the best advice in the world!!!
Well said pox!!

[SULPHITE]

I've heard if u don't have enough cash to live 4-6 months worth put up as a security fund you should concentrate on that account b4 investing. I made sure I had at least enough to pay bills house note ect and to eat/ live comfortably for 1 year prior to any investments

good post pox...

[huntin fool]

I'm just doing it for learning purposes ;)

[fishinpox]

It is scary business I know guys that have lost millions and some that have made millions. As for me I rarely sell , I will buy when it's low but I'm young and I just pretend like that $ isn't even there so I don't touch it I let it sit and figure slow n steady will win the race, no need to put everything on the line .... One less thing to be stressed about

[huntin fool]

Adam.. I is ranked 6986. Been a good day for me

[adamsfence]

yeah i blew it im still at 8766

[cabwiz2]

All i am gonna invest into the "trade on my own thing" is money I would just blow gambling or drinking in the next few months anyway.. I am just doing it for the hell of it. I would love to make some money at it but if I don't I will say what I say when I leave the casino. "Well I just blew $xxx, but I had fun" I will never invest on my own any money that is for bills or retirement. I will leave that to professionals. I just want to have a crack at it.

[huntin fool]

YAO.EU and LYB (lyondell basell) have been by big producers.

[Micah]

YAO.EU and LYB (lyondell basell) have been by big producers.


:D

[huntin fool]

:D

Pssh. Without that lyondell in front basell wouldn't be anything. ;)

[Micah]

Pssh. Without that lyondell in front basell wouldn't be anything. ;)

I wont comment on that

[huntin fool]

I wont comment on that

Hehehehe.

I can't say much.. my dad worked at the original lyondell and the basell plant too.

[SULPHITE]

Original lyondell plant shut down years ago...keep a few people out there. Yes Lyondell helped but they had to declare bankruptcy as well. Seem to be doing fine. That plant has been more names than people call Waltrip...

[SULPHITE]

+423 chicken dinners tonight!!

[huntin fool]

Original lyondell plant shut down years ago...keep a few people out there. Yes Lyondell helped but they had to declare bankruptcy as well. Seem to be doing fine. That plant has been more names than people call Waltrip...

Yep. My dad left the original one just before they shut down. Was there for like 20 years. Left a few out there for the pumps etc. He then went to basell and soon after lyondell bought basell lol.

[SULPHITE]

My dad worked there too...

[huntin fool]

My dad worked there too...

Name?

[jchief]

Adam and Brayden, which sim yall using?

[huntin fool]

Adam and Brayden, which sim yall using?

Sim? Whatcha talkin bout willis.

[jchief]

What game/simulation/whatever to do the trading?

[mcjaredsandwich]

Anadarko was up 14 percent at one point during the day...made over 2 gs on that market millionaire...i also got stock in ppg. Made 300 from them.

[adamsfence]

What game/simulation/whatever to do the trading?

Millionaire something on Droid

[mcjaredsandwich]

Millionaire something on Droid

Market millionaire

[huntin fool]

I made right at 10,000 today.. Im in forgein stocks. and LYB

[mcjaredsandwich]

I made right at 10,000 today.. Im in forgein stocks. and LYB

Nice. I was wishin it was real money earlier!

[huntin fool]

Nice. I was wishin it was real money earlier!

I know! I wish. Is be a rich lil kid

[speck-chaser]

and then when it tanks like friday and monday, you wishin it was just an app.lol

[Zachary Boy]

We need another good run today (and Monday and the day after that). Got some catching up to do....