re: Advice for trading

I'm in the same boat as you... here's what I did

this is a spare time thing for me, but I've lost as much as $1000 in one day and made as much as $800 playing penny stocks

If you wanna play penny stocks, my advice is to go on a penny stock tracking website (thehotpennystocks.com is what i use) set up a google portfolio, and watch all the stocks that are moving in your google portfolio. Don't buy anything. Eventually you'll notice every penny stock has a normal level that it trades at, and it'll dip below or above that. This is where you make your money, just buy low and sell high.

also penny stocks can x10 in one day... but only insiders make money on that

There are many scams out there, and playing penny stocks is almost like gambling, but after you lose some money you'll start to get an instinct for it