/biz/ - Business & Finance

A few questions that I have are:

1. How much do you need to start trading?
2. What websites do you use?
3. How do you track your stocks (real time tracking)?
4. Is stock trading a lot or a little like gambling?
5. Where do you get your advice for what stocks to buy and sell?
6. What math do you need to know to do this?
7. How much time do you need to put into it to actually make money?
8. How much money have you made?
9. Do most people that buy and sell stocks have a college degree in this business? What would it be called? Just business?
9. Is that Jim Kramer dude all bull shit, or is he telling the truth? Have you followed his advice?

Totally noob questions, but I thought I would ask. Thanks /biz/.

>>596537
also, I fucked up the numbering of my questions! But hopefully someone can answer truthfully. I am not trolling. I just need someone to give me some tips and a way to start. I am really interested!

>>596539
>read a motherfucking book
>spend a few evening on wikipedia/investopedia
>learn to google

and btw, this is the same fag that was going to create a /biz/ wiki, reading list...

>>596542
>recommend a good motherfucking book
>spend a few evenings on wikipedia/investopedia looking up what topics other than the broad topic of stock trading?
>I can google, but there is a lot of information out there, so what is the best sites and stuff to use?

>>596542
You suck.

>>596537
4. A lot.

6. High school level.

7. Probably full time, for trading.

9. No, "most people" are retail investors.

>>596534

Love your pic OP, lol. I'll answer what I know, and leave the rest to people with more expertise than me.

> 1. How much do you need to start trading?
Unless you have at least $50k to work with, the stock market isn't really worth your time
3. How do you track your stocks (real time tracking)?
Smartphone Apps
4. Is stock trading a lot or a little like gambling?
It's better than just gambling, but only by a little. and you need to be patient.
5. Where do you get your advice for what stocks to buy and sell?
newspaper, news, forums, websites, discuss it with friends. work on your knowledge every day. Visit the entity you are considering investing in, if possible.
7. How much time do you need to put into it to actually make money?
4 - 5 hours a week


9. Is that Jim Kramer dude all bull shit, or is he telling the truth? Have you followed his advice?

Jim Kramer is an entertainer. He has openly said he does not follow the advice he dispenses on Mad Money. However, his discussions are good for better understanding of stocks, the market, and trends.

>>596567
no, you.

>>596577
You're a condescending asshole that doesn't want to contribute anything to the board other than "google it".

>>596542

>>596537
1. Trading- 25k+. Investing, as little as you want. With trading, you will get whipsawed back and forth. You will have losses as well as winners. You need significant capital to be able to absorb those losses and still come out on top. Commissions will also take their toll if you aren't trading a substantial amount.

2. Etrade, Think or Swim

3. See above

4. It's like gambling where you can improve your odds through research, practice and preparation. In fact I would say it's not like gambling at all- it's just risky.

5. Twitter

6. Add, subtract, multiply and divide.

7. As much as possible. Your return will reflect your efforts.

8. 300%+ in the past 3 years mostly intraday and swing trading part-time.

9. You don't need one, but being able to do research and read financial statements gives you a solid advantage. I got a finance degree.

9. Forget anyone on TV.

>>596542
eat a dick bro