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so again you want me to risk > $1000 when I don't know what I'm doing with a real brokerage that I don't know what their benefit is over something like Robinho
by lsiunsuex 7y ago
so again
you want me to risk > $1000 when I don't know what I'm doing with a real brokerage that I don't know what their benefit is over something like Robinhood because.... ?
I'm willing to loose a couple hundred to learn and understand something vs giving someone I don't know thousands and "trusting" their opinion.
More so - testing the waters myself may not make me as good as someone who does this for a living - but maybe after a few hundred and a few months, at least I have a better understanding of what a real brokerage tells me to buy than to just blindly say take my money and quadruple it.
- JumpCrisscross 7y ago> what a real brokerage tells me to buy Brokers should never be telling individual investors what individual stocks to buy, at least not anyone with less than ~$500,000 in assets. If a brokerage is giving you buy/sell lines for individual securities, that's a red flag. A good investment platform (or adviser) guides you in portfolio management. In encourages long-term strategic thinking over short-term trading highs. The former builds wealth. The latter lines professional traders' pockets.
- atombender 7y agoWhy would you play with real money to learn instead of doing simulated trades? You can set up a paper trading account with Interactive Brokers for free. If simulated trading doesn't feel "real enough" because there are no stakes, then I don't think it's about learning. You can learn the ropes without wasting money.