Stock Investing Guide

Submitted by reb on Mon, 03/21/2016 - 16:30

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SPRING 2017: TRADEKING IS NOW ALLY INVEST. THIS ARTICLE OFTEN STATES "TRADEKING" SO IMAGINE IT SAYS ALLY.

Ally (Formerly TradeKing) for Dummies. Getting started in Online Stock Investing. 

* This article is strictly about starting and maintaining a TradeKing portfolio. This is not a guide to other forms of investing. This is not a dictionary or glossary of terminology. This is not any sort of advice. 
* Introduction and Caution: These are my student notes, not pro advice. This isn't legal advice, there are major dangers involved when investing. I make no money on this article, and do not work for TradeKing in any way, direct or indirect. TradeKing gives me nothing, and I do not think they are any better than any other broker. A proper investing education can take years. The stock market is fairly safe if you're experienced and careful, but very dangerous if you're not perfectly focused and disciplined. Don't trade from a public computer, ensure security is top priority. You can trade from any major OS browser, be it on Windows, Mac, iOS, Android, or Linux.

* Also See "Stock Investing Games": http://ontu.org/node/176

 

Steps in Getting Started with Stock Investing

* Google "How to get started in stock investing".

* Search Wikipedia for Stock Market and Investing.

* Watch YouTube videos on the basics of the stock market.

* Decide if you wish to invest using an in-person broker to help you out, or go the adventurous and cheaper route of doing it all yourself using an Online Broker. You can always buy chat and email coaches. There are also robo-advisors which invest for you.

* What broker to use? This article is strictly about online brokers, so find out what broker to use and then investigate them in intricate detail. They all Terms of Service, Rates, Promotions, Promotion Codes, and an amount of time you have until your promotion runs out. Find out what pros and cons there are to different brokers. Most of them have Live Chat during business hours. Many brokers give you a bonus if you input the email of a friend who referred you. When decided on a broker with great rates and a great sign-up promotion, sign up for the online broker. To sign up, you'll need forms of identification, your SSN, and eventually a bank account to put money into the online broker. Many brokers don't want your credit card number, they'll only take a bank account routing number. Your funds take a few days to clear, or a few weeks if it's the first time you've transferred money on that broker. You'll need an email address, a very strong password, and a paper notebook to carefully record the password for the many investing sites you'll use over time.

* Each trade will charge a fee when you buy a stock, and another fee later when you sell the stock. TradeKing is a lower cost broker due to its size, so the fees are fairly low around $5.00. Your first trade may be a mistake, so start small, perhaps 50 shares of a low cost stock. Use GoogleNews and GoogleFinance to research available stocks. You may need to give up on it if it goes bad, but use your very best judgement. Never put all your money into one stock, because the market can do anything.

 

 

What are some forms of investing?

* Online. In person with a broker. In person at your bank. Or even flipping houses on the Real Estate market. There are many ways to invest money or bartered objects.

 

 

What is Ally/TradeKing? What does it offer? Who owns it?

* TradeKing lets you buy and sell stock, and does not have desktop software, but has online charts. Tradeking Forex lets you trade currencies. Tradeking Advisors, is automated investing.

 

 

What markets are there?

* There are many markets in the USA and around the world. Hours and subtle details are different in other markets. Some of the US Markets are: Dow. Nasdaq. Nasdaq Canada. NYSE. S&P/TSX. Russel. Composit Indexes. US Treasury Bond.

 

Royce's Investment History

* 2002: I won the Stock Investment challenge at Naches Valley Highschool.

* Day I took the Investools course.__________. 2012?

* 2014: I started my first online broker account, using TradeKing, with only $200.00. I immediately made mistakes with it, but was lucky I didn’t lose anything.

* 2017: I've made about $3k as I learn the stock market. Invested $12k long term, about to invest $4k more.  Have never withdrawn money. Looks great so far, as I learn it. Spring2017: I'm starting a list of all major Stock Market Simulations and games. 

 

 

Places to Learn More

* Youtube videos. And Udemy, Kahn Academy, etc. There are many online education courses.

* Take an adult class or college class about investing.

* If you have the big bucks, fly to an Investools course.

* Ebooks or physical books can be found on Amazon Kindle, Amazon Audible, Ebay, Goodwill, Yard Sales, your local libraries, and more.

 

 

General Tips

* Tips and advice depend on the situation. If someone says to buy a stock, beware it can go very bad. Especially if the advice is a few hours old. The market moves fast! 

* Buying Limit means buying at an exact price. Buying at Market is dangerous because it can rapidly change before you press Buy.

* Buying is called Ask. Selling is called Bid.

* Bullish is buying. Bearish is selling.

* Buying at Market price may be risky, as price changes as you're buying it. So buy at a Limit instead. A limit order specifies exactly what you're buying, and when to automatically sell. You'll sell "Limit Sells" at the highest price you can. Either from a email alert or something automatic.

* GTC means Good 'till Canceled. The order stays open for a set amount of months.

* How to set to sell at a certain price:

* How to auto-buy at a certain price:

* How to set a price alert on a stock:

* How to buy from Japanese market:

* How to find out a company profit outlook:

* TradeKingForex is a separate website/login than TradeKing. TradeKingForex doesn't offer any stock trading, and no foreign stock trading. They only offer SpotMetalTrading (gold and silver). Forex means trading of currencies (money).

* TradeKingAdvisors is robot trading for $250.00/year + 0.25%/year fee. $500.00 minimum balance + $1.00/month fee if you don't have $5k available. You set the risk and go. Optionally upgrade to TraditionalAdvisor for $1020.00/year. Email service@tradekingadvisors.com

 

 

I Tape this Printout of Hours and Tips to my Laptop:

US Market is open Mon-Fri. PreMarket 4am to 6:30am. Market 6:30am to 1:00pm. AfterHours 1pm to 5pm. Closed Gov Holidays. F5 to Refresh. Keep Open: TradeKing site. GoogleFinance site. TradingView.com Chat. Nasdaq site synched to TradeKing.

 

 

Events Which Influence the Stock Market

* Financial firms publish advice on what to buy, hold, or sell. Annual meeting of stockholders. World news stories. Annual global events. New president, a new year, a major holiday. Cyber Friday, Cyber Monday. CES consumer electronics show. Company earnings reports. Sometimes foreign market currency changes. Currency downgrades. New laws regarding an industry. Trends. Large companies buying or selling a lot of a stock.

 

 

TradeKing Internet Links

* Education Articles: https://www.tradeking.com/education

* Introduction to Stock Trading: https://www.tradeking.com/education/stocks/stock-trading-introduction

 

 

Internet Links

* YouTube Search: https://www.youtube.com/results?search_query=stock+market

* TradingView

* Amazon Alexa can play investing podcasts.

* Reddit Group: https://www.reddit.com/r/investing/

* Popular Online Brokers: TradeKing. Ameritrade. Merril Edge. E Trade. OptionsHouse.

* Wikipedia: https://en.wikipedia.org/wiki/Stock_market

* Wikipedia: https://en.wikipedia.org/wiki/Stock_market_index

* Wikipedia: https://en.wikipedia.org/wiki/Stock_market_crash

* Wikipedia: https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets

* Wikipedia: https://en.wikipedia.org/wiki/Stock_market_bubble

* Wikipedia Market: https://en.wikipedia.org/wiki/NASDAQ

* Wikipedia Market: https://en.wikipedia.org/wiki/New_York_Stock_Exchange

* Wikipedia: https://en.wikipedia.org/wiki/NASDAQ-100

* Wikipedia: https://en.wikipedia.org/wiki/Open_outcry

* Wikipedia: https://en.wikipedia.org/wiki/Market_trend

* Wikipedia: https://en.wikipedia.org/wiki/Diversification_(finance)

* Wikipedia: https://en.wikipedia.org/wiki/Financial_modeling#Quantitative_finance

* DMOZ: https://www.dmoz.org/Business/Investing/Stocks_and_Bonds/Exchanges/

* DMOZ: https://www.dmoz.org/Home/Personal_Finance/Investing/Stocks/

* Misc: https://www.thebalance.com/stocks-4073971

* Misc: https://www.quandl.com/collections/markets/us-stock-indexes

* Wiki: http://www.wikinvest.com/wiki/How_stocks_indices_work

* Wiki: http://www.investopedia.com/

* Wiki: http://www.wikihow.com/wikiHowTo?search=stock+market

* Wiki: https://www.tradingview.com/wiki/Main_Page

* USA Government: https://www.sec.gov/about/laws.shtml

* USA Government: https://www.investor.gov/

* USA Government: https://www.law.cornell.edu/wex/securities

* USA Government: http://www.investorguide.com/article/11616/how-the-u-s-stock-markets-are-regulated-igu/

* Stock Screening Tool: https://www.investools.com/

* Stock Screening Tool: https://www.tradingview.com/

* Stock Screening Tool: https://www.google.com/finance

* Stock Screening Tool: Google News: https://news.google.com/

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