02-19-2004, 07:21 AM
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#50 (permalink)
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Crazy
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Quote:
Originally posted by eribrav
I use Ameritrade (former Datek) and you can borrow stocks to short with them just like any other broker.
I have to jump on the bandwagon and say, if you have $2000 and are trading penny stocks, you'd be better off getting on a plane to Vegas and blowing it on a fun weekend. Do you have a safety fund set up in case of job loss, accident, unexpected expense? If not, that would be a much better use of your hard earned and saved dollars. If you do, then take a position in an S&P index type fund and let that be your first investment.Have you ever thought about the risk-reward ratio in trading those penny issues? Let's say they're not good. Wait until you're in a stronger financial position before you trade. When you get there, if you want to swing or position (or even intra-day) trade, start by paper trading first. Why throw hard earned money away without showing you have the ability to be profitable first?
Best wishes and good investing
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Good advice.
Bob |
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