Ok. I am totally new to the stock game. I just became a member of E*Trade with hopes of purchasing shares of?

Question

the Purple Beverage (PPBV) stock because I hear it could be a gold mine. I need step by step instructions on how to go about this on E*Trade. I looked on the site and have no idea what I am doing. Help would be very much appreciated.

Answer 1

Okay...advice later...instructions now: Go to the E*trade site...log in with your ID and password... there is a box there that says " start in"...scroll down and set it for " portfolios"...

Your portfolio should show up... of course it will all be in " cash"... so, way above your portfolio are some tabs...one says " trade"...click there... now  you would select " buy" in the first box...  number of shares in the second...and the symbol for your stock in the third... below that is your " type" of order ...if you just want to buy...use market order...if you want to buy at a certain price, use limit order ans set your desired price.... ( other options can wait for more experience ).... Finally, you would probably select " good for the day"...and then " none" for " conditions ( again: experience for those)

Soooo...you should be able to buy in.... don't go crazy, just a little tomorrow ..see how you do for a few days... more if you feel like it...or just start reading some financial pages and select something completely different.... " hot" stocks come and go..( sometimes VERRRRY fast)...look for other things that may be a little more conservative, but with a nice solid future...

" tips" are everywhere, take them with a grain of salt...get to thinking for yourself...about things like the future of " energy"...or the prices in food...or beverages...maybe about different forms of alternative energy ( some solar stocks run up and down like crazy..but there MAY be a future there, no? )

...so, okay, good luck.

Answer 2

I don't know how e-trade works, but there is usually somewhere you can ask questions or call for assistance so that they can give you a step by step instruction.

When I buy a new stock, I try to read up on the business that it is in, look at the devellopment in the company, look at the financial statement (you can find lists of keyfigures to look at), so that when I buy it, I know what I am going for, and won't get scared into something.

good luck!

Answer 3

Buying a stock on a rumor is a quick way to the poor house.

Better to do some research.

If you DON'T know what you are doing, then pay a newsletter writer to give you some recommendations.

The best web site I have found to trade stocks is http://www.SharkInvesting.com

The book this guy wrote "BLEW ME AWAY"

It's the best book I've read about trading stocks in years.

Answer 4

If it's real money, it's not a game

Don't buy a stock just because you hear it could be a gold mine.  (Even if it's a gold mining stock which yours isn't.)

There appears to be much more you don't know than just what you asked about.  Learn more about stocks and the market before you invest any money.  You can just let the money sit there in your E*Trade account while you go read some books or web sites.

Here are some book recommendations:

Books I have learned from:

Beginners should read: Andrew Tobias, The Only Investment Guide You'll Ever Need

Everyone should read: Benjamin Graham, The Intelligent Investor -- get the new edition with notes by Jason Zweig

Burton Malkiel, A Random Walk Down Wall Street (not that I totally believe the efficient market hypothesis, but it'll make you take big claims with a grain of salt)

Philip Fisher, Common Stocks

Anything by Peter Lynch -- start with One Up On Wall Street

Almost every book about Buffett. Start with The Essays of Warren Buffett or The Warren Buffet Way or Buffettology. Also books by his partner Charlie Munger.

Joel Greenblatt, The Little Book that Beat the Market

Joel Greenblatt, You Can Be a Stock Market Genius

Pat Dorsey, The Five Rules for Successful Stock Investing

David & Tom Gardner, The Motley Fool Investment Guide

Answer 5

First of all, buying stocks is not a game.  Purple Beverage can never be a gold mine, it's not a mining stock

You should call E-Trade, the have an entire department there that can walk customer through entering a trade. - it's the customer service department

You are not a member of E-trade, you are a customer, E-Trade does not have members,

Since you have no idea of what you are doing, you should have at least studied before you opened a brokerage account.

Good luck, I think you're going to need it