The stock market seems so easy to make money!!?
why don't more people do it?? I figure that if I put $20,000 into a $2 stock.. then for every penny it goes up. I make $100. I can easily make $1,000 a day!! I'm just confused why more people don't buy stocks.. since it can bring in more money a day than a regular job.
Public Comments
- You are right and wrong at the same time! Amazing! If you put $20,000 into a $20 stock in a soundly-run company, chances are excellent that you will make money. The chances are FAR better, though, that if you put $20,000 into a $2 stock, you will lose ALL of your money. There is always a reason a stock is selling at $2/share, and it is usually that it's worthless...
- For one, the chances of making money on a $2.00 stock is maybe 5% . In other words, you probably have a one in 20 chance of making money. Secondly, most people lose money in the stock market without professional manager
- Stocks go up and down. You might make $1,000 one day doing that but you might lose $2,000 the next. If you just buy a stock you probably won't make much more than, maybe 10% in a year. The best way to make money in the market is to learn about support and resistance. This website will teach you everything you need to know so that you can make tons of money in the markets.
- Yes it would be great if stocks went straight up. The chances of that are slim to none. If you make 10% a year you are doing better than most professional mutual fund managers. Picking good stocks is not rocket science, but it is far from a get rich scheme. You need to read a lot before you risk your money. The best book for beginners is "One up on Wall St" by Peter Lynch. (Also most at or under 2$ are that way because they are poorly run. They rarely recover)
- And for every penny it goes down, you lose $100. Get it now?
- It is even easier to lose it. For every penny it goes down, you lose $100. You can easily lose $1,000 and more in a day!
Powered by Yahoo! Answers