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#1
Been a frequent reader of the investment forum here and it has piqued my interest. Thinking about trying out the stock market a bit. Was looking around at the various brokerage firms like E-trade and Scottrade, and seems pretty straightforward. So, my questions are:
1. How big of a bankroll would one need? Would $5,000 to $10,000 do for starters?
2. What exactly is the process of trading stocks? Is it like Matchbook, where you put in an order for so many stocks at a certain price, and then wait for it to get matched?
3. If a certain stock takes a beating, is it easy to get rid of it? Or if no one wants to buy it, would I have to take a beating?
4. Shorting stocks. I know the process to do it, but everyone says it's extremely risky. Now, I heard about the emergency order from SEC to halt all shorting on Financials. I'm assuming that anyone who had short positions on financials before the order are taking a sever ass beating?
Sorry if these sound simplistic, just looking for some starting point.
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