Message from @Crippled Cupid
Discord ID: 644267772154740756
But as with all things the knowledge that you need to do such a thing is hours and hours
Now I don't know about the Mexico government regulations but in the US to use margin you have to have at least $2,000 in your bank account
But as a beginner stay far away from money that isn't yours
^^^^^^
Do not take out loans or credit cards, as tempting or confident as you may feel.
That's the truth
Also stocks that may seem very volatile (penny stocks) away from those for now
what are penny stocks?
Nah, I am not
Penny stocks are almost as bad as crypto in 95% of the case.
It's pretty good rn, do some research
Aghh
Avoid them.
Well
True
About a year ago I made some pretty good money off of crypto
I Don't recommend it at all
Some people are able to make big money off of penny stocks, but they are risky and volatile, it's more gambling and not worth long term investments.
but what are penny stocks
For me, crypto and penny stocks are too risky.
You can get rich, but you can lose it all just as fast.
Penny stocks are stocks that are dirt cheap.
Yeah and if you want to make consistent money off of penny stocks you have to have a lot of data and you have to understand that data and come to concise and fast decisions
Penny stocks is any stock that is under $10 I believe
But not all of them are volatile
Most people buy into them hoping that it will go up within a matter of days or weeks so they can sell them. You can buy tons of penny stocks quickly, and sell them.
Aye.
Some arent volatile.
Exactly and so a ten-cent jump can mean a lot of money
There are rare circumstances.
If you have a lot of shares
yeh
Basically it's like this.. say you have a hundred people and all those people have a baby now you have double the amount of people you have
That is a bad example but you get the point
you have to give 100%
Ford for example is technically a penny stock at this time, but they're a proven company; I invest into ford more for the long run than trying to scalp any short term profits.
Dude it was like 8.95 last night 😂
The best way to invest is to invest in the long term, and to invest in tried and true companies. Don't think of them entirely as a number or statistic. Coke for example. You can rest assured they're going to be around for quite a long time, especially being a dominant force in their field. You collect dividends as well, a small percentage of that stocks worth.
Always research the company you're thinking of investing in.