Hacker News new | ask | show | jobs
by lsiunsuex 2302 days ago
so again

you want me to risk > $1000 when I don't know what I'm doing with a real brokerage that I don't know what their benefit is over something like Robinhood because.... ?

I'm willing to loose a couple hundred to learn and understand something vs giving someone I don't know thousands and "trusting" their opinion.

More so - testing the waters myself may not make me as good as someone who does this for a living - but maybe after a few hundred and a few months, at least I have a better understanding of what a real brokerage tells me to buy than to just blindly say take my money and quadruple it.

2 comments

> what a real brokerage tells me to buy

Brokers should never be telling individual investors what individual stocks to buy, at least not anyone with less than ~$500,000 in assets. If a brokerage is giving you buy/sell lines for individual securities, that's a red flag.

A good investment platform (or adviser) guides you in portfolio management. In encourages long-term strategic thinking over short-term trading highs. The former builds wealth. The latter lines professional traders' pockets.

Why would you play with real money to learn instead of doing simulated trades? You can set up a paper trading account with Interactive Brokers for free. If simulated trading doesn't feel "real enough" because there are no stakes, then I don't think it's about learning.

You can learn the ropes without wasting money.