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New to stonks.

I am planning to start trading seriously on the side, but the nomenclature of the game is written completely in kikescript.

With so many differing beginner primers out there and so much advice (all of it different and presumably most of it bad), are there any solid intros to the mechanics and strategies of the markets?

Thanks in advance.

I am planning to start trading seriously on the side, but the nomenclature of the game is written completely in kikescript. With so many differing beginner primers out there and so much advice (all of it different and presumably most of it bad), are there any solid intros to the mechanics and strategies of the markets? Thanks in advance.

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[–] [deleted] • 1 pt

what is your goal? swing trade? Invest long term? Do you have cash or do you need cash? Are you always behind the computer for work? Stonks and investing is like everything in life. Like sex and religion. Take what works for you and run with it. Don't commit your life trying to live by someone else's standards... Take what works and do good things.

[–] [deleted] • 1 pt

I have a cash and a solid career. I am not a gambling man and this is not out of desperation; it'll be a lark with a portion of my disposable income. If anything comes of it, awesome.

I have company shares already that are for long term, but wouldn't mind diversifying the portfolio and dabbling in other types of trading.

No, not constantly behind a PC and my schedule constantly shifts, but can check one every few hours.

The problem I'm facing right now is deciphering all the cryptic terminology.

[–] [deleted] • 2 pts

One clarification. Buying different types of stocks doesn't diversify your investing portfolio. You got companies that you have control in that earn you money. You have things that you own that earn you money (ie rental properties and boats or cars). Then you got Stonks that earn you money. aka Paper assets. IF you have a 401k, Roth IRA and now have a direct investing account. Your investments are still 100% in Paper. Just some food for thought.

Take a look at stock twits account and maybe try getting your hands dirty asking questions and seeing what the chatter from the retail investor is. Lots of good free info. You can then learn terms specific to the type of trade you are doing. It seems like you are trying to learn a new language by looking at the dictionary.

I like to follow Cam the Man. He has a 1k account that he brought up into the millions.

I like mrinvestorpro because he saved me a lot of money by calling the Covid crash last year. Which put me in a strong cash position to buy up at the bottom.

I like Ultra_Calls I watched him make 7 figures on a trade.

I like mrs_blackinkeconomics because its all technicals and her husband is an economics professor and wrote this book. https://blackinkeconomics.com/book/

I can't tell you what to do. Just what I like to do.

[–] [deleted] • 1 pt

It seems like you are trying to learn a new language by looking at the dictionary.

Accurate and well put. I'm familliar with some of those twitter personalities. Might start following and listening to what they have to say. No rush.

Thanks for your responses.