Just jump right in - open an account and do it. I did so much thinking, reading, studying, talking, asking etc long before I actually took the plunge. And it all meant nothing until I actually started losing money. Yes - losing money is the best way to learn.
So do start small. Yes, in one case the money was too small and it wasn't worth it - and the company is doing very nicely - and here's another thing I learned - I should have kept buying as it went up (never too late to jump on!). Actually, I still made money, small is better than nothing, or losing, right?
But in other instances, I lost money buy doing the wrong things, but I'm glad I lost that money and it was money I was able to lose. I literally kept a diary, I still jot things down sometimes
A couple of stocks also went nowhere, so I sold them and moved them into the companies that were doing well.
What do you know well? I don't know a thing about mining, or tech, but I have some pharmacy contacts, I'm a mother, I have friends in various industries that can advise me etc, so I did very well picking things that I can relate to or that I understand a lot about. It's that simple.
I also used to have a 'buddy' and we'd chat, and he made some recommendations, that didn't help at all. I would advise you to take the lonely road and go it alone - just pick 5 stocks, put $1000-$2000 in each and devote some time each day to concentrating on those, and then make up a watch list of other stocks. Give yourself a few months and then buy more shares if you see that something is doing well. Sell if you start losing too much.
Don't listen to anyone, especially their hot tips. I think it's something you really need to do in your own time, by yourself.
I'm still learning.
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