Timeline for How much time should be spent on Penny Stocks Trading a day?
Current License: CC BY-SA 3.0
24 events
| when toggle format | what | by | license | comment | |
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| Oct 8, 2015 at 20:55 | comment | added | keshlam | False dichotomy. We are agreeing that investment is important, whether in stocks and similar instruments or by reinvesting into your own business. You seem to see it as excluding other sources of income, though, and that's where we part ways. I may have misunderstood your intent, but that's how your dismissing professional income came across. | |
| Oct 8, 2015 at 20:30 | comment | added | user9822 | @keshlam, you are the one that seems to be on some magical drug! Tell me of one high income earner who has become a multimillionaire and can survive financially if they stop working, without investing any of their money. I can tell you of many people who have become very wealthy without having a high income paying job, either through starting and growing businesses, investing in growth and income assets, or both. | |
| Oct 8, 2015 at 20:24 | comment | added | user9822 | @stannius, who said the OP won't graduate just because the OP spends some time self educating themself on how to trade/invest. How many people who are studying for a degree also take on a part time job to support themselves? This is a totally ridiculous statement. | |
| Oct 7, 2015 at 5:00 | comment | added | keshlam | @MarkDooney: I'm afraid that's the kind of false dichotomy and magical thinking that causes many folks to wind up poorer than they should. Trying to get rich in the market more often keeps you from becoming comfortably well off. Investing appropriately can be a multiplier of wealth, but results are tremendously better if you start with a decent income and regular savings. | |
| Oct 7, 2015 at 3:47 | comment | added | user9822 | @JoeTaxpayer, if a doctor stops working they will no longer be getting $250k+. And even when a high income earner is still working earning their high incomes they usually increase their expenses in order to have a better lifestyle. Unless you are a business owner or you invest you money to build a combination of growth assets and passive income assets, you will never become truely rich. Well there is one exception, you could win a large lottery! | |
| Oct 7, 2015 at 2:26 | comment | added | JTP - Apologise to Monica♦ | "No one ever got rich by getting a job!" - Said no doctor earning $250K+ working at a hospital. Working for one's self, starting a business, is great, but it's not the only way to wealth. Unless, of course, you treat investing as a side job, which in a sense is the only way to have savings make you money. | |
| Oct 6, 2015 at 22:45 | comment | added | stannius | @MarkDoony would you not agree that if the OP is going to spend time and money on higher education, that time and money would be wasted if he doesn't graduate? | |
| Oct 6, 2015 at 20:20 | comment | added | user9822 | @stannius, so one should devote their time to studies which will help them get a job which helps their employer get richer but not devote any time to self educate themselves in an area which could improve their own lives. No one ever got rich by getting a job! | |
| Oct 6, 2015 at 16:24 | comment | added | stannius | @FirasAliAbdelGhani in that case your primary focus and learning should be your regular studies. On a risk-adjusted basis, that is a far better use of your time. Spend, at most, only as much time and money on trading as you can without jeopardizing your degree. | |
| Oct 6, 2015 at 16:21 | history | tweeted | twitter.com/StackFinance/status/651431978936438784 | ||
| Oct 6, 2015 at 11:39 | comment | added | Firas Abd El Gani | @stannius, no, im a student for electrical engineering, 2 year, and I want to trade as a part-time job until I finish my degree, hopeful to dedicate 3-4 hrs a day for it. I also dream about using my future knowledge in the Hi-tech market and use it to make good trades, or buy good stocks, I don't know how it will work the the real world, but I think something there might right. | |
| Oct 5, 2015 at 20:19 | comment | added | stannius | Are you a student of trading? Or you a student pursuing a degree that you will use to get a job after graduation? | |
| Oct 4, 2015 at 3:25 | answer | added | Jack Swayze Sr | timeline score: 2 | |
| Oct 3, 2015 at 13:34 | vote | accept | Firas Abd El Gani | ||
| Oct 3, 2015 at 12:36 | comment | added | user662852 | How much time per day should be spent at the blackjack table? The answer is a function of your endurance and bankroll. | |
| Oct 3, 2015 at 8:58 | history | edited | Dheer | CC BY-SA 3.0 |
deleted 523 characters in body; edited tags
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| Oct 3, 2015 at 8:52 | comment | added | littleadv | I have no idea who Timothy Sykes is, so cannot comment. But retail investor speculating on penny stocks will statistically lose his money. | |
| Oct 3, 2015 at 8:28 | answer | added | Victor | timeline score: 5 | |
| Oct 3, 2015 at 8:06 | comment | added | Firas Abd El Gani | @littleadv so guys like Timothy Sykes are doing illegal things? according to what are you basing your opinion? did you try it yourself? and for how much time? | |
| Oct 3, 2015 at 8:03 | comment | added | littleadv | Then most likely whatever time you spend will be wasted and whatever money you allocate to this will be lost. Trading penny stocks for speculative profit is generally not a very good idea unless you're doing something illegal. | |
| Oct 3, 2015 at 8:01 | comment | added | Firas Abd El Gani | @littleadv Speculating, and from trading it. | |
| Oct 3, 2015 at 8:01 | comment | added | littleadv | Are you talking about investing, or speculating? I.e.: are you expecting to make profit from holding the stock, or from trading the stock? | |
| Oct 3, 2015 at 6:43 | review | First posts | |||
| Oct 3, 2015 at 8:00 | |||||
| Oct 3, 2015 at 6:43 | history | asked | Firas Abd El Gani | CC BY-SA 3.0 |