>be me
>first day trading
>look for stocks, find one that looks promising at a 52 week low ($3.90)
>spend 400
>mfw when I've lost $60 already
Never gonna make it
>>984520
>trading stocks
When will people learn you don't trade stocks, you invest in them
>>984536
It's gonna go back up, I was memeing
>>984541
Good, buy more
>>984541
or it goes insolvent.
>babby plays se with 400 bucks
>>984547
I started with a $1000, don't want to put all of my eggs in one basket
>>984549
$NAL
I don't think so lad
Retards buy stocks on 52 week lows. Buy growth stocks that are making all time highs.
>>984553
>$NAL
did you just get out of cryostasis or something?
>>984564
Huh?
>>984520
>ITT OP catches a falling knife, wonders why he got cut
Way to go, trading crappy penny stock, and not using options which are more appropriate for your capital.
>>984601
>penny stock
It's not a penny stock
>>984617
Have you even taken a Finance class? Any stock under $5 on major exchanges are considered penny stocks.
>>984520
How did it look for the years prior? Was there a reason it's at a 52 week low? Is there a reason it will come back up?
>>984601
>options
>thinks OP can get margin privileges with 1000 in a cash account.
>>984570
$NAL merged in 2011 and has been off the market for for 4.5 years now.
>>984520
You want the money too much if $60 is hurting you. Quit now, trading is the hardest job you can do, its a real head fucker.
http://www.bloomberg.com/news/articles/2015-08-28/while-many-panicked-japanese-day-trader-made-34-million
>>984646
>off the market
How do you find that out?
>>984664
le sekrit dark jewminati netwerk
>>984662
Nothing like it, though.
Some days, anyway.
Look everyone: OP is investing his chicken tendies money. Now everyone laugh.
1 year is far too small of a time scale to pick undervalued stocks. Try 10 or 15 years.
A lot of the commodity stocks here in Australia have reverted back to price levels not seen since 2001-2005. It's crazy.
>>984520
>picking stocks
>2015
>>984536
this is true for most people (especially retail), but to say you can't trade stocks is silly
>>984520
how's that buying a dead horse is working for you
