Search This Blog

Sunday, April 25, 2021

Newbie Trading with Webull


Well I am sure most have heard of the Game Stop and AMC stock discussions going on. I started doing stock trading through Stash a couple of years ago, and like using it. The only downfall is there is no real time information or trades. It is for long term investing, and I actually love the site. I have made a few grand on the site, some of which was from the AMC stocks.

I still have AMC stocks on STASH, but I opened a Webull account last week, so far it is very easy to use. I have invested a few hundred dollars, a large portion into AMC. I have been doing a lot of research and the numbers are pushing AMC stocks up. How far? I have no idea. I am a simple stock trader, and I am learning the numbers when it comes to stock trading. 

As a single mom, I do not have a fortune to invest in any stock, but if I can find ways of doubling small amounts of money, it will start adding up more. In my world if I can make $100 into $200 it means groceries for my family, or paying bills. At some point I would love to trade stocks for a living, but for now I am just pushing to make five thousand dollars in 2021.About $2000 down so far.

Another stock I am reading about that has some potential is GTT Commns on the NYSE. As of today, 4/25/2021 it is at 1.66 a share. At that price I can 100 shares and if it goes up I will make a huge profit. If it loses I will only lose a couple hundred dollars. The gamble is worth it in my eyes. 

I do not just invest in stocks that will make a huge gain, I also like stocks that will pay me in dividends. Some stocks pay fairly well on the dividends. I do not see where I will be making a fortune in dividens any time soon, but to have extra money coming in helps a lot. 

Just so you know I am not experienced in stock trading. I am learning as I go. I take time to read the news on companies, watch the numbers on the market, and have tried to learn the contributing factors to the ups and downs. With trading so readily available anyone can do it, but not everyone should. Do not take a gamble on your money if you do not want to put in the effort to learn.