Stocks are taking a beating - Looking for advice

[IHaveAMustang]

I've never dabbled in stocks, but COVID-19 is presenting an opportunity that I'd like to seize on.

What is the best platform to buy a single stock on? I know the game plan is diversification, that is what my 457 and TMRS accounts are for. This is simply for me to sink $3000-$4000 into one stock, and let it sit until the stock recovers and it certainly will.

Disney was trading for $141 30 days ago, now it is at $88(edited). Obviously I am not going to rake in the money, but with 30-40 shares I could make a decent little profit.

What do you guys recommend? TD Ameritrade, E-Trade, Charles...?

Appreciate any info/advice

[Captain Crawfish]

TD I suggest you gain financial advice from a different source

[cool cat]

I wonder when it will bottom out, that's the key.

[IHaveAMustang]

Eh, I've got a buy order in at $80/share. If it hits that, and then rebounds, it'll be a nice little profit. If it doesn't, oh well, didn't lose anything.

[Ruffdaddy]

Eh, I've got a buy order in at $80/share. If it hits that, and then rebounds, it'll be a nice little profit. If it doesn't, oh well, didn't lose anything.

You know stocks can go down too...right? Lol

[Craizie]

You know stocks can go down too...right? Lol

Not once it hits your buy order!

[svauto-erotic855]

My trading portfolio is up 11% for the day. I've been buying the dips. In the past two weeks I've probably profited $150,000.

[Ruffdaddy]

My trading portfolio is up 11% for the day. I've been buying the dips. In the past two weeks I've probably profited $150,000.

Havent profited if you havent sold!

[svauto-erotic855]

Havent profited if you havent sold!

I am selling as they go up. I've been in and out of numerous financial stocks half a dozen times or more today. For about the past week and a half I haven't held any stocks when the market closes. This is truly a Feeding Frenzy. After a few more weeks of this I'm just going to put everything in an S&P fund and leave it alone for a while.

[Captain Crawfish]

I made 5 bux this week on a stawk! Sorry had to brag!!

[Trip McNeely]

Buy low, sell high.

[dblack1]

Dow closed down 9.99% today. Pretty crazy those digits and all.

[Trip McNeely]

This unique opportunity actually offers a great time to buy in the market if you are into the long game and smart about it. Just look at these panicked buyers and what they are buying or people in isolation what are they going to be doing. Buy smart.

[Broncojohnny]

TD ameritrade is pretty nice. But really any of the major online brokerages will be fine.

Definitely avoid stupid shit like Robin Hood and other free app based platforms. Robin Hood ran out of capital at least once in the last week and had to shut down for the day. They were also out for a few other high volatility days.

If I were you and I had little experience in the stock market, I would just pick a nice S&P500 tracking ETF, put it in and don't even look at it for three years. Now is not the time to educate yourself or come up with any brilliant stock picks if you are starting from nothing. If you pick the wrong stock you can easily lose your money.

[dblack1]

Or just buy some gold.

Edit: physical. Something to touch. With a stock as a common holder you don't own shit. And you'll get fucked again and again.

Also, I'm buying some oil stocks because they actually do something, but it's the same as me playing blackjack. You can always lose your money when people above you decide. Now is the time to have enough to say fuck it.