This is before taxes! Remember stocks held less than a year are taxed as ordinary income. The question implies that you want to extract twenty thousand a year to live on.
Obviously some stocks will double or triple in value in a year but equally some stocks halve in value in a year so you can't put all your money into one stock and "expect" to double your money. If you diversify - i.e. own a portfolio of ten stocks or more, then your overall return will most likely be positive since, on average, stocks go up over time.
Hi,
I've been trading the market for just a few months. My cousin actually told me about this website (http://pennystocks.toptips.org)and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.
For more info: http://pennystocks.toptips.org
If you have half a million to invest over the year, $20k should be easy. Really though, if you're excited and learning, set up a mock portfolio (Yahoo Finance is a great site for this), and follow your trades for a year without real money. Once you're comfortable that your research and strategies are working, start gradually investing your hard earned dollars.
Hi there,
If you want to earn money with binary trading and you aren't a big expert you definitely need some kind of support. I use a software called "autobinary signals" and I earning good money with it. Here you can find all the details and also some video proofs: http://www.goobypls.com/r/rd.asp?gid=551
Hope it helps.
It's likely to take you several years before you learn to be a trader. It's not something you just start doing and expect to win. Learning to push the right buttons on a simulator is just a beginning. But you need a trade plan. 85% of new traders fail. Know the number one reason why? No trade plan.
As a trader, you require liquidity as the "a priori" of trading. That excludes Pump & Dump pennies. As a trader, you are a professional risk manager, and want as low a risk as possible. Most people can't define risk or manage it, so risk is largely ignored at their peril. Pennies are high risk. You need advanced skills to trade high risk, low liquidity stocks called pennies. It's just silly of a newbie to think it can be done successfully.
Like the entire proposition that there will be a profit from day one, is not realistic.You are at complete odds with what is going on in the market right now, possibly a market correction. You are at complete odds with the risk you're taking with pennies of 100% loss. A trader never loses more than 3% on a single trade, never 100%. stupid thinking runs to Gambler's Ruin, already proven. You are completely disconnected from reality.
Without working for someone as a trader in a structured environment and the proper tools and resources, trading is such a long shot for the individual, it's not worth doing. It's all but impossible.
Another way is to pay a mentor 5k for a couple of weeks.
From one mentor:
Most traders we speak with have learning curves that have cost them between $15,000 and $70,000 and up to two years in time.
Lastly, trying to learn trading on your own, unless you're a real go-getter, entirely impossible for the newbie. If 85% fail, what is your edge?
Most new traders lose, so plan on living off of something else. Oops, you just doubled your stake needed to begin.
Read a good book or three, like Investing For Dummies, and the Millionaire Next Door, available at your local library for free. Learn investing first, develop a plan and test it while you save.
Maybe another book
Justin Mamis' The Nature of Risk: Stock Market Survival and the Meaning of Life.
Five Minute Investing: How To Evaluate A Trading Strategy
http://www.investopedia.com/university/f...
The Cardinal Sin Of Beginning Investing -- And How To Avoid It
http://www.investopedia.com/stock-analys...
Before you decide to become a day trader, check out these articles, first by the SEC (Securities & Exchange Comm), second by the FTC (Federal Trade Commission, and third by the Motley Fool:
http://www.sec.gov/investor/pubs/daytips...
http://www.ftc.gov/opa/2000/05/daytradin...
http://www.fool.com/investing/small-cap/...
Read Stock Market Wizards, about a dozen of the best traders of our time. Almost every one of them lost it all before they figured it out, most of them several times. Are you really willing to do that in order to be a trader? Especially when you can spend the same four years getting a degree and just showing up at work essentially, and you get paid. The markets can strip you naked.
I'm talking about trading stocks not investing. Specifically penny stocks
Most investors, even seasoned investment managers cannot beat the market as a whole. Stick with an index based mutual fund, such as, Fidelity Spartan 500 Index Fund (FUSEX). It tracks performance of the S&P 500 Index and carries an annual expense fee of just 0.10%, which is about as low as it gets.
That's probably about $25,000 - $30,000 too high.
I'm 21 and I'm thinking about entering stock trading. I'm brand new to this; just started learning about it this week and I'm very excited to begin.
I just want to know if making $20,000 in a year would be a lot or even realistic? I'm not looking for advice. There's plenty of that all over the web. Thank you!
