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So you're a college student with a few spare minutes? Take a quick look of what you could do with that time.
So you're a college student with a few spare minutes? Take a quick look of what you could do with that time.
Posted by Steve from College DownTime
First off, this post is a bit of a deviation from our normal hobby/interest posts. Recently there has been some suspicious activity with the blog and Adsense. This forced us to do a bit of research on what to do for these situations. We might as well pass the knowledge onto you.
1) Go to your Adsense account (easy if you use Gmail) and figure out if you're in the old or new format. New format is set as the default for all new accounts and there is growing pressure not to use the old format.
Posted by Steve from College DownTime
All right, hopefully you have an idea of what to look for when picking the right stock to flip. The trading game used to be all about investing for long periods of time and knowing when to cash out, but nowadays it's about taking quick profit and exiting. Only mutual funds, IRAs, and retirement plans should be invested in for long term causes (incubator funds as well, but we don't have that much money to play with, amirite?).
Follow a decent stock for as long as it takes to be able to predict movement throughout a typical day, preferably one recommended on several reputable forums. Profitable picks in my past have been ones I noticed did better at certain parts of the day (selling time) and dropped at other times (buying time, lunch hours are a key time). After I got confident predicting movement, I stayed at my computer the whole time my money was floating around.
Posted by Steve from College DownTime
Continued from the other day, we're listing some decent and cheap trading sites. Now understand that since these are cheap to trade on, your best bet is to do your own DD outside and only use their site to make your trades. A trade from any of these sites = a trade from any highly advertised site. Since every complete trade needs two fees (purchase/sell), these sites save you at least $10 per complete trade. This is great since you're probably not playing with much to begin with.
Posted by Steve from College DownTime
So you have some free time and want to make some money. In college, there's a lot of ways to put together some booze money, but few are interesting. We're going to explain some of our methods we use when researching stocks to flip. Obviously, now's the time for a disclaimer even though it would be all your fault if you messed up anyways: WE'RE NOT TRAINED OR LICENSED INVESTORS, I BARELY PASSED ECON 102.
Penny stocks is the game. Yep, that's it, let your groans out now. No reputable magazine has ever said penny stocks were great to throw your money at and invest in, but here's the catch: we're not going to be investing. The only thing you'll read here today is how we flip stocks quickly, normally within a day or a week at most. Never "invest" in a penny stock unless you're part of the company.