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originally posted in:TFS The Floods Sanctuary
4/21/2013 7:37:32 PM
4
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similar as me. Do you see yourself more as an investor or a trader? I am going to do both, but I love the fast paced trading scene.
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It really depends on the amount of money. I see the good in both, BUT if i have alot of money then ill invest but with less then, say 100K i would diversify it and trade it.
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I am still wondering how much I am going to trade, how much I will invest, and how much will I have left over for expenses. I am planning on making around $250k, but I want a pretty nice house so I am trying to work out my finances now and come in with a good plan.
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When i was about 15 i read a few of Jim cramers books and it really helped me understand the market as a whole. I honestly forget the names but it will show you how to divide your investments. Its about having 6 hands in 6 different cookie jars. Trading wise your talking A commodity ,utility,retail,electronic, food, then something in health. I would start small with 12K to put 2K in each. Or 6K if you dont want to risk it all. If you know the basics of trading then get with E trade or see of your bank offers anything. I have TD ameritrade myself (TD bank).
