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Is it possible?
Is it possible to make a few hundred dollars a month from stocks with a small capital? In poker, you can play .5/1 with a few hundred dollars and make a few hundred/month. Is there an equivalent in the stock market?
I've tried reading some books, but mostly they're way above my head right now. I'm just a newbie and want to know if I can make that kindda money in stocks. The general idea I got from the books though is that money is made long term by putting in like $10,000 and getting like 7% return on it annually. I started an investment simulator game online and was basically thinking about doing the following: Do my hw and research a stock then put about $2k in it and buy some shares. If the stock goes down, then I just wait for it to go up and consider it a long term investment (assuming my research and hw are right). If the stock goes up enough to get me like a $60 after the two comissions I paid to buy and sell, I sell the stock and net $60 profit. Is this doable? Am I just talking complete nonsense here? Any advice (even harsh ones) will be appreciated. |
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