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  #1  
Old 06-17-2017,
1f3D1TXdbm 1f3D1TXdbm is offline
 
Join Date: Apr 2017
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Default Question: New to trading. Clueless on where t ostart

Hey guys! Just joined. I have never bought one share of stock in my life, but im thinknig about starting (hell, why not?).
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  #2  
Old 06-19-2017,
2YWRUmi3Fx 2YWRUmi3Fx is offline
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Join Date: Apr 2017
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The stock I am interested in buy (RNN Rexan pharmaceuticals) is currently under 1.30 cents per share. I would like to buy like 20 bucks worth and see what happens. Can I do this? Where do I start?
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  #3  
Old 06-19-2017,
5GArz2nS9x 5GArz2nS9x is offline
 
Join Date: Apr 2017
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Well it is easy. You choose a broker, I use scottrade. Ever who you get you can download their forms on the internet. Next send them a check and open up your account. How much do you think you will be able to open up an account with. I suggest nothing less that 10 thousand?
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  #4  
Old 06-20-2017,
7COf98mXAJ 7COf98mXAJ is offline
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Join Date: May 2017
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haha I call shenanigans. RNN....???? really? You've never traded before in your life and you pull out RNN? And you don't work somewhere that's holding a big stack of RNN that they can't get rid of?

Where's my broom?
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  #5  
Old 06-21-2017,
8DZiYf0nwD 8DZiYf0nwD is offline
 
Join Date: May 2017
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Who would spend $10 in commissions to buy $20 worth of stock?

If you spend $19.65 you can buy 15 shares of RNN at $1.31 per share. A very very cheap broker charges $4.95 per trade, so the stock price would have to increase 66 cents just for you to be able to break even. And that's IF you could find a broker who would let you buy only 15 shares of a penny stock.

Not a good game plan, buddy.
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