Hi, I'm currently a 19 year old college student looking to start learning how to trade. I'm not really looking to invest long term, I already have a small 401k through work, and my parents probably wouldn't like me locking any money into any retirement accounts right now as I'm supposed to pay them back for college. I'm more so looking to learn and possibly make a little money. I was planning on paper trading for a couple months before hopping in, and I still might, but this is still really not the same as real trading with real money (no emotion, different dollar amounts and rules). I have paper traded in the past a few times in middle school and high school and done fairly well.
My plan is to deposit $500 or so into either robinhood or webull. First question, what is the general consensus on which of these 2 brokers is better?
Also when I open an account with either, how will this affect my credit? I believe it will do a soft pull or something just to verify my idenitity right? Will this affect my credit little or not at all?
I'm going to have to trade under the pdt rule right? Even if I don't use margin and just use a cash account? This is fine as I probably won't have much time in the middle of the day anyway. Can anyone point me in the right direction to learn strategies trading this way? I've been reading tutorials on investopedia to get a good baseline of investing knowledge, but I think I need to get a little bit more advanced now and learn how to actually make picks and such.
Sorry if any questions are stupid or redundant. Thanks!
Submitted December 28, 2018 at 01:15PM by travisurkul http://bit.ly/2Q86ScO
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