๐ช๐ก๐๐ญ ๐'๐ฏ๐ ๐ฅ๐๐๐ซ๐ง๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ฌ๐ญ๐จ๐๐ค๐ฌ ๐จ๐ง๐ฅ๐ข๐ง๐: ๐๐ข๐ฉ๐ฌ ๐๐ง๐ ๐ญ๐ซ๐ข๐๐ค๐ฌ ๐ฐ๐ก๐ข๐ฅ๐ ๐ฒ๐จ๐ฎ'๐ซ๐ ๐ฌ๐ญ๐ฎ๐๐ค ๐๐ญ ๐ก๐จ๐ฆ๐๐คโฌ๏ธโฃ
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In these times of self isolation and stock market disrupt, more than one person has reached out to me to ask how I trade stocks. I have been buying and selling stocks online for about 3 years and have had some measure of success with it, but have also learned a lot of lessons the hard way. I wanted to pass some of that onto anyone who is equally as interested.โฃ
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Apps:โฃ
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The 2 apps I use are:โฃ
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Robinhood -https://join.robinhood.com/loganb1582โฃ
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If you use either of those links, you and I both get some free stocks, so that's a win-win.โฃ
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Stash:โฃ
For new stock traders, I highly recommend Stash. They have a more streamlined interface and help recommend a diverse portfolio. I don't completely agree with their "investing points" education platform because it doesn't follow closely my own investing desires but it's highly beneficial to individuals who would like to learn more. I recommend ETF's for new traders. These blends of stock portfolios are already diversified and offer a lower risk option for growth.โฃ
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Robinhood:โฃ
Robinhood is great if you desire to buy/trade individual stocks or trade on stock futures (something I'm just now getting familiar with). The interface is considerably more complex but is great for a moderate-advanced at home trader.โฃ
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Both of these apps do take a few days to verify identities and to link up with bank accounts.โฃ
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Disclaimer:โฃ
I don't recommend stock trading for individuals looking to "Get rich quick". The stock market is great for long term investments. Never invest in something you don't understand or don't believe in. Before I buy/sell stock I reference multiple different sources for guidance. Some resources I use:โฃ
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If you have any general questions, comment below, I would be happy to share what I know.
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