Tuesday, April 25, 2017

1. Types of best stock for people starting out to invest in.
2. What are "fatal" mistakes newcomers tend to make in the stock market.
3.  Should people invest in stock options and how do they work.
As a group we worked to find a mentor which was actually difficult in working to understand what exactly he does when picking a stock.  We met with Greg Luerken a day trader who works in trading stocks that are different than the one we have been trading.  Instead he trades options which have an arguably better profit margin which could make them be said to be the better option.  When meeting with Greg we distinguished some stocks with what we considered: above average potential for growth and went to try to get his input.  After we worked with him researching these standard stocks he started to try to convince us to look into option stocks instead of normal stocks.  When he went and tried to convince us to try options instead of standard it seemed more complex to me, but yet seemed like it was a safer alternative.  This changed my views on trading stocks and opened my eyes to option stocks which I didn't know much about before.  We may change our project to include options stocks after this.