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  • Learn about Limit Orders, don’t Market ‘instant’ buy. Don’t sell. If you must, sell a portion. Set it and forget it, not totally of course. Visit [https://www.tradingview.com/](https://www.tradingview.com/) to get an idea of what other traders are doing. Don’t copy them, but learn how they think. Don’t overshare your investment details. If you want to be humbled, tell everyone how well your investment is doing, it’s like a Murphy Law. Don’t buy crypto on RH. Sure, buy some…preferably not when it’s trending. Put 10% of what your investing into crypto as a reasonable start, just not on RH.

  • Since you just turned 18, I’ll give you the information that you should know, which might not necessarily be what you asked for. If you’re only interested in getting rich (or broke) quick, don’t bother reading any further. If you’re more interested in the long-term, then these are helpful things to know when getting started.

    So in no particular order:

    – Visit https://www.investopedia.com/ for some good information in fairly plain English.
    – Visit r/personalfinance and take a look at the community info, in particular the “how to handle money” (a lot of it might not apply to you right now, but would be good to know ahead of time).
    – Build up an emergency fund before you start investing.
    – When you’re ready to start investing, do it in a tax-advantaged account (unless you like paying taxes just for fun).

    Even if you don’t take the advice in some of the resources above, at least being aware of these things will be helpful in knowing what you maybe should be doing compared to what you’re currently doing (ex. don’t chase 10% market gains while paying 20% interest on credit card debt).

  • Step one, don’t ask Reddit for help. The comment above with investopedia is the only one worth listening too. Everyone has different motives, for investing and giving advice. You need to figure out what you want, reasearch how to get there smart, not following random advice.

    And for the record, don’t listen to the guy telling you to buy options. That’s the quickest way to the bottom.

  • Nice name; assuming you’re not a troll, decide if you want to YOLO the money or invest. If you’re investing long term, buy an etf like SPY, VOO, or VTI (you’ll need to save up a bit more to buy these). If you want to YOLO it, veer toward options

  • Honestly save up money in an emergency fund first then start thinking of investing. If you’re in any debt, pay that off first. I would suggest saving up to around 5k and experiment and see. If you want to do investing, create an IRA at a real broker like TD Ameritrade or Charles Schwab and invest thru that.

  • Don’t underestimate holding lots of cash. It’s easy for a beginner to get all excited and throw money at stocks, especially when you see some decent gains in the short term but you can never hold enough cash. The market is unpredictable and you can wake up tomorrow and see all your stocks down 10%+. You can wake up next week and see them all down 50%. You want to have cash ready for when this happens because then you can buy stocks at a discount. This past week has been a perfect example of this.

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