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Anyone have success with stock trading?

c00face
By c00face
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Rather it be penny stock or forex trading, any one have any success stories? Doesn't have to be "I got rich quick," but having a weekly or monthly income to sustain yourself would be a great success story in my book.

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I can't even get in... Maybe once I get a job, I'll do some low risk trade on the side...

 

@MyInnerFred

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You can try Investopedia, they have a simulator and I think the real thing as well.  You might want to practice before you actually do something.  What you get won't be much.  For example, in Investopedia, given the starting $250k over a month I managed to pull it in to $255k.  That's 0.02% I think.  So yeah, you might want to experiment before doing stuff.  Also, @Supermangik, follow your own topics so you can know all the responses.

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Yes but I have a broker that does it all for me :/

 

My grandparents set it up for me when I was really young, I had a few good quarters where I saw like 11% return, but then market crashed and I lost a lot of the profits.  It's slowly growing still though.

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I can't even get in... Maybe once I get a job, I'll do some low risk trade on the side...

 

@MyInnerFred

 

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Go back to the 80's and invest in AAPL 

 

trust me you will be rich

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My story is a long one but I can safely say my current build was partially a result from high gains in the market done in one day.

I'm a swing trader, who was a former day trader. Long story short, Day Trading was great I loved it, I made much more money than any salary based job I've had in the past, but some things came up and I lost the time iI had to trade full time. Sustained myself, paid the bills just fine and then some with day trading.

Investopedia is a great place to learn about trading in general, I spent many hours there and other sites learning about stock trading. Also went to local Barnes and nobles to read up on trading strategies.

I'm sure you know already that day trading isn't some get rich quick scheme. It's suicide If you get into it with that mindset.

@Vitalius is also another fellow stock trader who knows his shit.

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@MyInnerFred are doing penny stocks? Long term or short term day trading? How long did it take you to make actual gains as a beginner?

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@MyInnerFred are doing penny stocks? Long term or short term day trading? How long did it take you to make actual gains as a beginner?

I have played with penny stocks before yes. There really isn't such a thing as long term day trading. Day Trading is trading transactions that end over the course of one day.

Actual gains? About a week.

Note that results will vary for everyone, different trading strategies and experience throws all kinds of statistical data in which will give you inconsistent results.

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