[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 1.02 MB, 1024x1020, robinhood.png [View same] [iqdb] [saucenao] [google]
1548993 No.1548993 [Reply] [Original]

Hey /biz/ just got signed up with Robin hood. Don't have much knowledge of stocks, app suites normies like me. I would like some advice and tips. Don't shitpost please

>> No.1548996
File: 14 KB, 633x758, 1463437012230.gif [View same] [iqdb] [saucenao] [google]
1548996

>>1548993
BUY COSI
IT'S LITERALLY GOING TO THE MOON!
I'm holding over 1000

>> No.1549017
File: 513 KB, 1146x1148, 64e.jpg [View same] [iqdb] [saucenao] [google]
1549017

>>1548996

>> No.1549024

why not ask this question in the robin hood general thread?

>> No.1550725

>>1548993

$GDX $NUGT Monday willl rise. China coming back into the market to buy all of the discounted shekels

>> No.1550727

>>1548993
>I have no idea what I'm doing and won't do any research, make me rich
Buy AUPH.

>> No.1550742
File: 86 KB, 702x336, captain_planet-658x3361.jpg [View same] [iqdb] [saucenao] [google]
1550742

>>1548993
I'm going to tell you: take a step backwards and ask yourself why you want to do this. Keep in mind that most people lose money trying to ""invest"" and are actually just gambling. My first piece of advice is that you mentally separate the idea of "winning big" and investing / trading. There's strategy involved with this. It's not roulette.

The second piece of advice I can give is that you should really start a paper trading account on TD Ameritrade ThinkOrSwim platform first. Robinhood will beat you over the head if you have no idea what you're doing. Treat it as if it's your own money. Here's how it will probably go first:
>invest in / trade /biz/ memes
>start hemorrhaging money because you have no fucking idea what you're doing
>take a step back
>start researching your own picks
>start making money
>decide to share your picks with /biz/
>get ridiculed and called a faggot endlessly
>sit back and watch your paper account grow
>after time feel confident enough to do this with real money
>get spanked because you were actually over confident
>start taking more precautions
>start perfecting your strategy
>realize those losses don't even matter now
>keep making consistent gains

Don't be a fucking idiot. The power is yours, Anon.

>> No.1550746

>>1550742
Pimple, will you ever show us a screenshot of your gains? Or at least your trades?

>> No.1550750
File: 6 KB, 185x273, chantheman.jpg [View same] [iqdb] [saucenao] [google]
1550750

>>1550746

>> No.1550755
File: 21 KB, 601x435, 1475812506124.jpg [View same] [iqdb] [saucenao] [google]
1550755

>>1550750

>> No.1550764

AUPH IS GOING TO THE MOON

PENNY STOCKS DROP 3PM FRIDAY BUY ALL OUT

MONDAY THE PRICE WILL INCREASE 120-150%

>> No.1550775

>>1548993

Diversify with these stocks
>MGT
>MSTX
>CERU my nigga
>VHC
>THLD
>SKLN
>COSI

You can't possibly go wrong!!

>> No.1550836
File: 315 KB, 650x528, 1471470279799.png [View same] [iqdb] [saucenao] [google]
1550836

>>1550742
sup pimple

>decide to share your picks with /biz/
>get ridiculed and called a faggot endlessly

heh good times i love me some robinhood general thread

>> No.1550844
File: 75 KB, 645x716, 1358182935410.jpg [View same] [iqdb] [saucenao] [google]
1550844

>>1550742
>start researching your own picks
>start making money
>decide to share your picks with /biz/
>get ridiculed and called a faggot endlessly

>> No.1550887

>>1548993
>just got signed up with Robin hood
>I would like some advice and tips
Um, you already fucked up?

>> No.1550899

>>1550742
One thing that got me was being pissed or depressed that my picks might make me 60-100 bucks. Then I decided to only wait for moon missions. Yes I do ok but I am not practiced so my timings aren't good and I am nervous during them and want to bail early and miss out on hundreds of bucks in gains.

Those 100 buck deals are very important because they are what give you the powder to take true advantage of those moon missions.

You might make 3 trades, net gain of +200 (lose on 1) guess what now you buy the meme of the week with 200 more, you double it and bam 400 more then you would have had if waiting for El Kahuna, and you are more used to the software/UI.