Questions about Starting out on Stocks

Hi, this is Neo Jim, I've been gambling since I'm 13 years old (since I first got here in U.S.) and now I'm 22 years old. I specialize on NFL and NCAAF. .... why the hell am I telling you about this stuff..?

 

Anyway, I am really interested on Stocks and bonds. I am really new to this. I am going to buy some books about stock and research some more to get a better understanding. MY QUESTION IS, WHAT IS THE MINIMUM AMOUNT OF MONEY TO START OUT ON STOCKS? Thank You!

Ah, that's easy.....

 

It would be the amount that you would not care about, if you lost it all.  It should be money that you would never miss.

 

and you should also have enough that the commissions don't kill you to begin with.  I would say have the commissions be 2% or less for sure at the start.  So if you are paying a $10 commission on an online brokerage account, you shouldn't mess around with anything less than $500 trades.  preferably $1000 trades.

IF you are going to "day trade", you need at least 25k.

Neo-

 

Don't even think about "trading" until you have been well seasoned.  Trading the stock market makes gambling on the nightly game look like a joke.

 

The stock market has about 200 times more variables than the nightly game.

 

where you buy and sell on the same day.

 

"Under the rules of NYSE and NASD, customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts."

 

IF you day trade WITHOUT the required $25,000 equity in your account, that is, sell a stock you bought before the "settlement date", then it's considered a "day trade" by NASD and NYSE rules and your account will be frozen.

hi.. i can give u the name of my broker...he can help u very much WITHOUT  the hoopla other brokers will give u...