The Main Feed

Robinhood Launched my Stock Trading Career

“It takes money to make money.”

I have heard this cliche many times over the years. It didn’t truly hit home until the days and weeks after I opened my Robinhood account and launched my stock trading career. 

Continue reading “Robinhood Launched my Stock Trading Career”

2020: Week 1

My first trade of the new year, with a new portfolio, using a new strategy was to do something entirely unsound: Invest $4.47 into the very lucrative, very stable, very sound Dogecoin. I bought 2235 “shares” of DOGE at a staggering 0.002 per share price tag. I say “shares” because trading Cryptocurrencies through Robinhood does not mean that you actually own the currency. Instead, I’m essentially placing a bet that the value will increase without actually purchasing anything. (When you break it down, this is only slightly more risky than the way the normal stock market functions. We buy actual shares in companies speculating that they will increase in value over time.)

Continue reading “2020: Week 1”