Yik Yak icon
Join communities on Yik Yak Download
Tips to start trading?
upvote 3 downvote

default user profile icon
Anonymous 6w

Don’t

upvote 8 downvote
default user profile icon
Anonymous 6w

Index funds

upvote 4 downvote
default user profile icon
Anonymous 5w

Don’t invest any money that you can’t afford to lose. That means that you should be (mostly) debt free and have a 3-6 month emergency fund before you even think about getting into stocks

upvote 3 downvote
default user profile icon
Anonymous 6w

paper trade please

upvote -2 downvote
default user profile icon
Anonymous replying to -> #1 6w

Why? The risk?

upvote 5 downvote
default user profile icon
Anonymous replying to -> #1 6w

Don’t x2

upvote 6 downvote
default user profile icon
Anonymous replying to -> #2 6w

Just invest don’t trade

upvote 7 downvote
default user profile icon
Anonymous replying to -> #5 6w

Is inversting how a person gets an ROI?

upvote 4 downvote
default user profile icon
Anonymous replying to -> #2 6w

Yeah. The VAST majority of traders either lose money or don’t make enough for it to be worth doing.

upvote 5 downvote
default user profile icon
Anonymous replying to -> #2 6w

Bro breakdown the acronym ROI it’s in the name 😭

upvote 7 downvote
default user profile icon
Anonymous replying to -> #6 6w

Or better yet don’t do anything related to “trading”

upvote 4 downvote
default user profile icon
Anonymous replying to -> #3 6w

paper trading is simulated trading

upvote -2 downvote
default user profile icon
Anonymous replying to -> #6 6w

Yes I’m aware but better to not even touch that and then give yourself a reason to get into actual trading later

upvote 4 downvote
default user profile icon
Anonymous replying to -> #7 6w

What are index funds, and how do I start there?

upvote 1 downvote
default user profile icon
Anonymous replying to -> #2 6w

Index funds (ETFs) are “stocks” you can buy that track multiple individual companies. For example, the S&P 500 (stock ticker SPY) tracks the top 500 companies in the US. Buying SPY lets you invest in 500 companies at once, instead of having to buy each one individually. There are others, like tech-specific ETFs (QQQM), international, defense, etc. They provide a wider coverage and are less risky than, say, buying only Amazon stock.

upvote 2 downvote
default user profile icon
Anonymous replying to -> #5 6w

Equities would be a better term instead of stocks but yes this is true. Another thing would be index funds ≠ ETFs. ETFs are investment funds that trade on stock exchanges, and many of them track indexes. I also think you should note that indexes are good because they rebalance themselves. Not trying to be split hairs just thought it would be good to add some more clarity.

upvote 3 downvote
default user profile icon
Anonymous replying to -> #5 6w

ETFs track index funds they are not index funds themselves

upvote 2 downvote