Stock Trading and Other Things

day trading Little cash , teen needs serious input , simple explanation tips?

I want to day-trade I have little money for playing around 1100 dollars. I have heard lots of different things, like u need 25k. I have also heard you could have 500 bucks. I need to really learn the basics I mean I have my own perspective on it but i have never tried this before. I am more of a wheel and dealer I buy everything and anything I see profit in from, cars ,instruments ,electronics , atvs and that is my source of income like I bought a 92 firebird last week for 150 bucks I sold it this week for 5oo, I traded something that I paid 75 bucks for , for a gibson les paul which anyone who knows a real les paul is worth at least a grand fortunatley my flow in other items has been working so i am still playing this one lol . I am honestly a hustler I have never taken a loss worth crying over but I have made plenty of profits I mean I am 19 I have around 30,000 in assests acquired by myself no help .I am not worried about losing money I just need to be able to read the charts.

Public Comments

1. starting amounts differ for companies, so do commissions for each trade. main thing is you need to know yourself, how will you react to a loss. you will find this out on your first trade, so take it easy. especially if you open a margin account where you can purchase more than the amount of money in your account. if the stock declines to a certain point, you will get a margin call (have to put in more money or your account is frozen). try paper trading or using a practice account first. also, there are different levels of charts to purchase. are you willing to pay more to get the real time quotes vs. delayed. sounds like ebay is a good fit for you. good luck!

2. pick up a copy of "Day Trading For Dummies". It will answer all of your questions and then some.

http://www.amazon.com/Trading-Dummies-Business-Personal-Finance/dp/0470171499/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1213741604&sr=8-1