so, if some people read my last thread. i was looking into trading for myself. i found a simulator on questrade so i started playing around with fake money (obviously). i just picked up a book about trading stocks. for the record, for those, i do have a financial background but never got into stocks so i had some money to play around with it. i understand that i should probably have about 15 different stocks in my portfolio and im playing with blue chip companies. the companies i've selected so far which is about 6 companies are in the DOW. i would say with those 6 companies, i bought give or take about an avg of 100 shares for those 6 companies which totaled about 10K. roughly how many shares would u feel is a minimum to buy within a company?
to illustrate my questions...in order to get my 15 different stocks i obviously wouldnt buy like 1 share from the 15 different company because the transaction fees alone would kill that. so anyone have an idea what is a good amount to start with by buying from each company?
once again..im clearly a noob. and im obviously not gonna take someone's advice completely and just go out and buy these stocks right away. just trying to get perspective...i'm still gonna do other research b4 i actually do anything with real money. just hoping for some thoughts. thx =)
to illustrate my questions...in order to get my 15 different stocks i obviously wouldnt buy like 1 share from the 15 different company because the transaction fees alone would kill that. so anyone have an idea what is a good amount to start with by buying from each company?
once again..im clearly a noob. and im obviously not gonna take someone's advice completely and just go out and buy these stocks right away. just trying to get perspective...i'm still gonna do other research b4 i actually do anything with real money. just hoping for some thoughts. thx =)