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I have some money saved up, and a paid off home. Work isn't going too well and I'd like to find another source of income at this point.

But I'm really anxious when it comes to risking my money in investing, probably cuz I don't know anything about where to even start.

So I wanted to know if you guys have any resources or suggestions or guides or links or anything you can share with me that might help me avoid this rut I feel like I'm heading into.

I have some money saved up, and a paid off home. Work isn't going too well and I'd like to find another source of income at this point. But I'm really anxious when it comes to risking my money in investing, probably cuz I don't know anything about where to even start. So I wanted to know if you guys have any resources or suggestions or guides or links or anything you can share with me that might help me avoid this rut I feel like I'm heading into.

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[–] • 0 pt

I didn't get most of what you said but at least this gives me a starting point of what to look up.

Thank you

[–] [deleted] • 1 pt

Highlight what points went over your head and I can help you. Be a good student.

[–] • 0 pt

ok idk what paper trading is, don't get what an investment account is.

I get "buy low, sell high" but where do you even go to do this, and are there fees involved to consider? I can't imagine it's just shots in the dark, so how do you determine when something is low and will go high?

I don't wanna say hold my hand through all this since I know these are basic questions, so I was just gonna look into it myself. These are just the things that popped into my head when I read your comment.

[–] [deleted] • 1 pt

Paper trading is practicing trading with monopoly money basically. You can be as reckless as you want. Its fake money.

Check out this video. https://youtu.be/aolEEYok5LM

All of your answers can be found online. There are lots of people teaching the basics in hopes you buy their courses or some time of paid group.

Also find trading personalities and watch videos. "What I wish I did when I started."

Get a stocktwits account. You learn a lot just by asking questions.

How do you know its a good time to buy and it will go up? You look for "indicators" and sometimes you are wrong. So some common trading patterns are

Bull flag Momentum Oversold chart Short squeeze

And a stock could be showing 1 or more patterns showing a specific outcome is likely going to happen.

There is lots of volatility in the market so you can do something called swing trading. Where you own a stock wanting to sell in same day or a few days.

You can also do multiple catalyst trading. Where you look for a stock that is a good company and just beaten up and undervalued and other market influences. You buy it low and news and innovation that happens with the company can make it double or triple. But its more holding long. Watching paint dry.