Build For Stock Market Success
A successful player in stock market investing will watch his stock picks like a hawk. Monitoring the rise and fall of stock prices is an essential part of the money-making formula.
Watch your stock prices every day, noting whether prices are heading up, down or even fluctuating. You can find stock listings in your local newspaper or on many Internet websites.
It's also important to read the statements that your stock broker sends out to you every month. It will help you keep records of price trends. In between statements from your broker, the Internet will be a most valuable resource for the correct prices.
Stocks that have caught your eye should be monitored before you buy them. Monitor those stocks and watch when they go up or down. Establishing a pattern of highs and lows will make the decision to buy a little easier.
Stocks that are growing nicely should be added to when you have some extra cash to invest. Remember to diversify your investments. Like the old adage says, don't put all your eggs in one basket, because if that basket falls, everything is broken.
Have you got your broker on speed dial? Sometimes you just know when it's time to buy or sell and time is of the essence in the stock market. Give your broker a price and explicit directions on what to do. He'll take it from there and give you a confirmation number when the transaction is complete.
The Wall Street Journal or Barrons are both excellent reading materials for those who want to keep close tabs on the market. The information in these publications will let you know about events that shape stock market prices.
Be warned that like a bomb, the stock market can "go off" at any moment. It is very volatile which is why sometimes cooler heads must prevail. Look three years down the road when investing in the stock market and don't dump your stocks impulsively if they start to take a nose dive. Take a look at your stocks over time.
Congratulations! Day trading can be profitable for those who are vigilant, but remember it still takes a lot of hard work and sophistication. - 23204
Watch your stock prices every day, noting whether prices are heading up, down or even fluctuating. You can find stock listings in your local newspaper or on many Internet websites.
It's also important to read the statements that your stock broker sends out to you every month. It will help you keep records of price trends. In between statements from your broker, the Internet will be a most valuable resource for the correct prices.
Stocks that have caught your eye should be monitored before you buy them. Monitor those stocks and watch when they go up or down. Establishing a pattern of highs and lows will make the decision to buy a little easier.
Stocks that are growing nicely should be added to when you have some extra cash to invest. Remember to diversify your investments. Like the old adage says, don't put all your eggs in one basket, because if that basket falls, everything is broken.
Have you got your broker on speed dial? Sometimes you just know when it's time to buy or sell and time is of the essence in the stock market. Give your broker a price and explicit directions on what to do. He'll take it from there and give you a confirmation number when the transaction is complete.
The Wall Street Journal or Barrons are both excellent reading materials for those who want to keep close tabs on the market. The information in these publications will let you know about events that shape stock market prices.
Be warned that like a bomb, the stock market can "go off" at any moment. It is very volatile which is why sometimes cooler heads must prevail. Look three years down the road when investing in the stock market and don't dump your stocks impulsively if they start to take a nose dive. Take a look at your stocks over time.
Congratulations! Day trading can be profitable for those who are vigilant, but remember it still takes a lot of hard work and sophistication. - 23204
posted by X - Men @ 6:08 AM
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