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VisualMod t1_iuj4pnw wrote

>Dazzling-boshy_7669, you are an idiot.

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Expert-Novice t1_iuj7fmb wrote

Don't buy penny stocks.

A common misconception is that having low funds restricts you to cheaper (penny) stocks. There are plenty of viable stocks that have double digit stock prices. If you are buying penny stocks, you are basically gambling with criminals. Your only hope would be to time a pump perfectly and get out before the dump. The vast vast majority of the time you will fail at that and be a bag holder to zero.

If you want good advice, stay away from any stock which is not listed on a major exchange. There is no getting rich quick, you need to develop discipline over time. Invest slowly in real companies and over time you will see a return. If you think you can turn 100 into 100k (or even 1k), you will find out the hard way that this doesn't happen in real life.

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raxazanorkaz t1_iuj8262 wrote

Needs more lines, maybe a couple of squares and a circle ! More colours too, oh have you thought of using the arrow emojis ?

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Dazzling-boshy_7669 OP t1_iuj90ev wrote

Does this chart have any significant indication beyond the lines I draw.

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Expert-Novice t1_iuj9jab wrote

If you are really a beginner wanting to learn, I can recommend two things:

  1. Open a paper trading account to try out your ideas with fake money.
  2. Invest your real money into a) index fund ETFs and/or b) companies you use the products/services of that you feel impressed/happy with.

It will take many years to learn and instill discipline. If you learn with real money, you will likely lose it all - probably numerous times. If you learn with fake money and safely invest real money, you will gain knowledge, good practices, and also have a nice investment account that is not worth zero.

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