I am a newbie in this and would like to know about trading stocks where you can earn huge profits (as I have read online).I have been looking for an online resource to teach me the tips and tricks of the stock market but there have been not any good as far as I have known. Please help me to find any good online resource which can educate me in this arena.

Thanks in advance!!!

Hi Alexander,
First rule; only use money you can afford to lose.  Second rule; Do your own research and don't make your judgements based on what you read in any Investment forum.  But, Research the facts that people present verify the information and then still make your own decision.  My Example,  at the time I could afford to lose about $1000 and before I knew it I had invested $9,000. 

For some great free learning lessons, you can go to Investment forums and see what other people are doing and saying,  I think the best one is Investers Hub and read the posts of actual people.  Some of the Threads are set up to teach.

The stock thread I'm part of is about Global Diamond Exchange, Inc. (GBDX.pk) that's the one with 74,000 comments and it is a learning lesson in itself. ( I don't recommend any penny stocks, I only mention this one because I own this stock. It's been a roller coaster ride from day one).

The good news is it doubled a few months ago, but I was waiting for it to triple so now I'm back down -$8000.00
This is a penny stock.  I have 1 million shares and if it goes to 2 cents thats $20,000.  Sounds good right.  I was and am waiting for the elusive BUY OUT.  (Rumor was 10 cents)  I have a sell order for 5 cents.

I was able to average down my original buying price to 0.008 cents a share.  About a month ago it went to 0.016 cents and yes that's when I would have doubled my money:D.  But alas, my sell order is for 0.05 cents. (Greed reared it's ugly head).
What I should have done was sell half the shares and I would have made back my investment and the other half would still be there.  Now your using money you made on the stock to play the market.

My wife hates when I use the word play.  Hmmm...she also is starting to hate the name of this stock as well.


Well , my second stock I had 1 million shares and the company did a reverse merger and the next morning I only had 1,111 shares and it dropped into the sub pennies.   

They make it sound easy and that you can make millions.  Trust me the majority lose. 

But you can get a free education and see what your up against.  Main rule don't buy or sell  because of what you read on investment boards.  Do your own DD (Due Diligence)  Check out as much as you can about the company. 

You will see people that pump the stocks and people that will bash the stock with the intention of making the price go up and down so they can buy and sell to their advantage. 

Once again do your own research, there is enough free information on blogs and sites that you don't have to buy expensive books or courses. 

Best of luck to you.

Last edited by Nick4033 (2008-05-30 10:43:29)