Making fast money on the stock market?
I only have about 1000 dollars to work with and I don't want anything long term. I know its risky but I was wondering if anyone had any ideas about investing in the stock market.
Public Comments
- The stock market has lost 6% since January 1 - if you're willing to risk it all - buy some Apple stock - see if it pops a few points - with the show coming up on Monday, there might be some surprises. On the other hand, it might dump just like it has for the past month - no one knows...
- Be prepared to lose everything you put in. After that it's all about research. Any quick gains are a fluke and just a matter of luck, for every one you hit you'll be victim of 2 drops.
- You don't make fast money on the market. Sure someone might hit a 1 out of a 1000 shot but savy investors are in for the long haul. Do get in however and ride out this downward cycle.
- $1000 to invest, I would probably do something called a bull call spread, this involves options, I suggest Think or Swim and tell em you from a different brokerage they will waive the minimum, it would only cost you $1.50 a contract, you talk to steve sarnoff and send em email he can waive the commission to no ticket charge. A Bull Call Spread is an options spread that inherently reduces risk an example a bull call Spread for AAPL( apple) you think it will go up, so you buy a 175 call and sell a 180 = the 175 call would cost you $550 ( for january) cause you are thinking apple will go up you can sell the $180 call which is $340 reducing your risk from $550 a contract to $210 THIS MEANS YOUR MAXIMUM LOSS is $210 per contract so start small, if your wrong on direction, at least you got paid that $340( from selling the call), if your right you can either buy back the call you sold , then keep your call, or you can sell your call for a profit usually for a high profit. All Apple needs to do is go up for 3 points and you can in essence you could gain $30 off of a $210 risk==== 14% of course if you did 2 contracts you might be at about 20% + after commissions not bad for a month
- Professional traders average 45% - 60% correct trades. What makes you think you'll do better...... It will certainly not be done with suggestions from total strangers (whose qualifications & motives can never be known).
- Disagree with the previous answerer who says you can't make money when the stock market goes down. Sure you can. The simplest way to do this is to invest in a bear fund. Disagree with the previous answerer who says you can't make fast money. You can make fast money with futures, options, or currencies if you have a good trading plan. The previous answerer talking about option spreads is right on the money (no pun intended), except that some brokerages might require you to have a couple years experience (and more money) before they let you trade options. You might want to consider forex. With $1000 you won't get far in the stock market, but with a leveraged account in a forex market you could speculate with better results if you have a good trading plan. It's entirely possible, even for a beginner with dumb luck, to double or triple their account balance in a very short amount of time. If you're in the United States, be sure to open up an account with a forex broker that is registered.
- Be careful of scams.
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