Easy ways to make money for kids

Please excuse me, I don’t mean to hurt you or offend you, but someone has to tell you about the real world of trading. It might as well be me.

#1: You sdon’t have any where near enough money to start day trading. To be a “patterned day trader” without restriction, you need at least $25,000 cash on hand AT ALL TIMES in your trading account.

#2: The kind of account you should have: You want nd need a speculative or speculator account.

You want a margin account.

You have to ask your broker about getting permission to do this: Your account should provide you with the ability AND permission for you trade options – even if you never do.

#3: For you own protection and benefit AND until you actually prove yourself, you’ll probably be given a very short leash.

You’ll still have the ability to trade with $2200, but you’ll be doing it with some restrictions. That’s another topic for another !.

In the beginning “newbie†traders and investors DO NOT INVEST THE FIRST cent or dollar. No amount of money.

In the beginning you LEARN HOW: A] the stock market works.

B] to invest in many, many various ways.

C] to properly trade

D] many other concepts and aspects.

Beginning or novice ['newbies"] investors and traders ALWAYS make mistakes. In fact, throughout a person’s avocation or hobby to do trading, he/she will make mistakes.

In the very beginning, you READ AND LEARN about the market and how it works: Read “Investing for Dummies” As you are reading and doing research about the investments you are interested in, sometimes you’ll come across a financial or investment term you never heard before.

You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to Investopedia’s dictionary.

http://investopedia.com is a free site. It’s recognized by Y! A as a “Featured Knowledge Partner”.

It probably won’t be long when you’ll feel you’re ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in. It also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with real money.

http://finance.yahoo.com is also recognized by Y! A as a “Featured Knowledge Partner”

The thought processes are: 1] to have more successful trades than failing trades. 2] to minimize the losses of those losing trades. 3] “To live to trade another day.” Having enough money in the trading account to return to the market.

ALL this is accomplished by a few true expressions used on Wall Street: Some trading expressions come to mind: A] “On Wall Street there aren’t any gifts.” No one gives anyone else anything – not even stock tips.

B] BUlls [BUyers] earn money. BEars [SEllers] earn money. Pigs get fat. Hogs [Greedy Traders] get slaughtered. They lose the money in their trading accounts.

C] “Trees don’t grow to Heaven. Neither do stocks or any other investments.” In other words: What goes up, MUST come down!

D] “Plan your trade. THEN trade your plan!” Have a trading plan with rules for that plan for each strategy.

I want everyone to know I DO NOT own any portion of this man’s estate, nor am I associated with him or any one else connected with him in any way. I am not part of the publishing company or an agent or anything else. This man does not know me from Adam AND I don’t know him. I know of him and the wonderful book he wrote. THIS IS NOT SPAM. You should buy a copy of this book: “The Richest Man in Babylon†by George S. Classon. You can get the book on http://amazon.com Its very easy to read. Its very easy to follow. You can write in it. You can make notes in it. All you have to do is to read five [5] pages – Let’s count 1 – 2 – 3 – 4 – 5 pages of this book – or any book – each and every day. OR You can leave it sit on the shelf, on a table or on the floor and let it collect dust.

Thanks for asking your Q! I enjoyed answering it!

VTY, Ron Berue Yes, that is my real last name!