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Old 28 August 2014, 07:38 PM   #22
opticalserenity
"TRF" Member
 
Join Date: Feb 2014
Location: Georgia
Posts: 6
Excellent thread idea. My recommendation to anyone new to the world of stock trading would be to read, read, and then read some more. I'm always blown away when I come across someone dumping $75k into a single stock, without understanding the difference between a market, limit, or stop limit order.

Second tip: Learn about options. Using call and put options are an incredibly good way to hedge your positions. Also, they're mighty fun.

Seeking Alpha is a good website, also, I recommend the Motley Fool. They have excellent podcast / radio shows and a great YouTube channel.

Adamlea, learn the "greeks." When you look at a stock, learn how to quickly read the EPS, Alpha, Beta, and 52-week range. Those will give you some idea of health. They're much like a human's vital signs. Just because someone has a perfectly reasonable heart rate, blood pressure, and SpO2, doesn't mean that they're healthy. :)
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