Hi, Read your tips on moneyam.com, new at this game, have about 2k to play with never actually brought stock and shares.

How can i find things like penny shares and how do you do the research on a particulare share.

Who to use to buy and sell the shares and what their rates are like.

I hope you don't mind me approaching you like this.

Would prefer to buy shares that are termed as pennies shares (below 1).

Also is a minumum buy and a maxium buy of the Shares ?

Any tips - Help !!!!!!!!!

Thank in advance.

prometheus - I don't blame your wife. My late father traded all his life, and it provided a very good income for a lot of his life. But he did almost lose a lot of what he did not spend a couple of times, and each time, my mother had to bail him out from money she put aside for herself. This all happened over the 40 years they were together, but my mother only remembers the losses and not that for more years than not, it gave her & us a very good life style.

You are obviously itching to have a go, so why don't you compromise. Just invest a small amount, say 5,000 into 2 or 3 shares. Worse case - you had a go, you still have the rest - but don't touch it the rest - no matter what happens. If you manage to make any profits - you can use this amount to start your new portfolio, returning the 5,000. If you manage to do 25% or more you will have over 1,000 to start your own portfolio without risking any other money.

Prometheus, sorry for not spelling it out in greater detail, but I'll try again. It is perfectly possible to make 20% in a single day, let alone two weeks. However, you have to be lucky enough to choose the right share, put your money in at the right time, and take it out at the right time. This looks easy if you look at a chart of the share with hindsight. "Well, I would have bought there and sold there."

If it were actually likely for you to make 20% in two weeks, by definition you would be able to carry that on for many months, which (compounded) would yield the sums I was talking about. Do you know anyone who has grown his pot in that way over two years? Do you think it likely? No? Well then, it is just as unlikely to make 20% in two weeks.

It is possible, but unlikely. If, as a beginner, you invest an amount of money for two weeks 100 times in succession, you are much more likely to lose money for most of those attempts, and gain 20% only a few times at best. Unfortunately unless you invest in a raging bull market the losses are likely to be big enough to wipe out a lot of your pot, particularly at the beginning when you are still learning. The chance of you making 20% in your first two weeks is pretty small.

THanX 4 ALL the brill advice - my wife and I remain intrigued and surprised by the inherent philosophy of this BB and it's participants - given the competitive world we live in - dare I say it, U lot seem to challenge each other to SUCCEED - "we dare U to make money - AND ere's the downside risk I've learned - the expensive way - and I'll share it for free!" Keep it up - and thanX!

The more I read/research, the more I get the sense that the "rules" are in favour of the "house" and am reminded of the time when a French policeman pulled me over for going thru a red-light in Paris (which I never saw - 'onest guv) and reprimanded me: "U must B care-fool".

Cognitive mapping of all the advice from the different BB posters is giving up some interesting results. Although intuitive, one may say, the groupings arising have surprised me - which is good (learning takes place). Kayaks last post has given rise to a new grouping - "reality check"!

Each poster, in his or her own way, defines a new set of boundaries/constraints, in an unconstrained market environment - especially considering super computers/bots and multi-million pound traders. Information ISN'T PERFECT, and the markets DO seem to be influenced by a small amount of PLAYERS - so much for the theory!!

I've been a statistician for years and quite comfortable with graphs, software and PC's - I've got an MBA - so reasonably comfortable with strategic management and the World of Business and the World of Management (WOB/WOM) - but I have to tell U, (and judging by your sound advice - this is normal) the stock market has my head spinning - the process, the software - especially real-time, the background company research, etc. just blows my mind - ney matter!

I'd hazard a guess and say that the BEST Day Trader HAS 2 B a woman. Men cannot multi-task as well as a woman can (4 my wifes benefit!) Maybe it's just me - but this whole malarky does seem to just have a HINT of FUN in it. INIT?

Fun? - yes. Been doing it for nearly six years P, and it's the most fun job I ever had.

As long as the known hazards are properly allowed for. And as long as one also makes allowance for there being some unknown hazard one has not yet learned of.

It's a game. And like all the best games there is always more to learn. And always possible to get slaughtered if concentration is allowed to flag or if life's various distractions impede.

So set out a business plan that includes the facility for stepping aside - taking time out - whenever things are not comfortable. Make "doing nothing" one of the planned positions - otherwise you end up trading just because you feel that non-action is a fault. Design-in some pit stops. Share trading is one of those rare businesses in which one has no employees and no customers to worry about - so no excuse not to include time out.

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