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984520 No.984520 [Reply] [Original]

>be me
>first day trading
>look for stocks, find one that looks promising at a 52 week low ($3.90)
>spend 400
>mfw when I've lost $60 already

Never gonna make it

>> No.984531
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984531

>>984520

>> No.984536

>trading stocks
When will people learn you don't trade stocks, you invest in them

>> No.984541

>>984536
It's gonna go back up, I was memeing

>> No.984547

>>984541
Good, buy more

>> No.984549

>>984541

or it goes insolvent.

>babby plays se with 400 bucks

>> No.984550

>>984547
I started with a $1000, don't want to put all of my eggs in one basket

>> No.984553

>>984549
$NAL

I don't think so lad

>> No.984563

Retards buy stocks on 52 week lows. Buy growth stocks that are making all time highs.

>> No.984564

>>984553
>$NAL

did you just get out of cryostasis or something?

>> No.984570

>>984564
Huh?

>> No.984577

>>984520
>ITT OP catches a falling knife, wonders why he got cut

>> No.984601

Way to go, trading crappy penny stock, and not using options which are more appropriate for your capital.

>> No.984617

>>984601
>penny stock

It's not a penny stock

>> No.984620

>>984617

Have you even taken a Finance class? Any stock under $5 on major exchanges are considered penny stocks.

>> No.984630

>>984520
How did it look for the years prior? Was there a reason it's at a 52 week low? Is there a reason it will come back up?

>> No.984633

>>984601
>options
>thinks OP can get margin privileges with 1000 in a cash account.

>> No.984646

>>984570

$NAL merged in 2011 and has been off the market for for 4.5 years now.

>> No.984662

>>984520
You want the money too much if $60 is hurting you. Quit now, trading is the hardest job you can do, its a real head fucker.

http://www.bloomberg.com/news/articles/2015-08-28/while-many-panicked-japanese-day-trader-made-34-million

>> No.984664

>>984646
>off the market

How do you find that out?

>> No.984671

>>984664

le sekrit dark jewminati netwerk

>> No.985401

>>984662
Nothing like it, though.
Some days, anyway.

>> No.985406

Look everyone: OP is investing his chicken tendies money. Now everyone laugh.

>> No.985427

1 year is far too small of a time scale to pick undervalued stocks. Try 10 or 15 years.

A lot of the commodity stocks here in Australia have reverted back to price levels not seen since 2001-2005. It's crazy.

>> No.985448

>>984520
>picking stocks
>2015

>> No.986036

>>984536
this is true for most people (especially retail), but to say you can't trade stocks is silly

>> No.986046
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986046

>>984520
how's that buying a dead horse is working for you