Stock Market Giants All Do This
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.
You must keep track of your stock prices on a daily basis, monitoring the increase or decrease in stock prices and taking note of constant fluctuations. Check the paper for stock prices or save stock market websites in your "favorites".
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.
Extra cash or a bit of a financial windfall can be used to increase the amount of stock you own. Top up stocks that have been performing well. Remember the importance of diversifying your portfolio because it really is true what they say. Don't' put all your eggs in one basket.
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.
Read the Wall Street Journal or Barrons and keep on top of daily news about your stocks and current events that affect the stock market.
Because the stock market is such a volatile place, you must monitor your stocks if you hope to make money. Keep a three year goal in mind and don't panic-sell if stock prices start to fall and fall hard. Evaluate your stock's performance over time.
Day trading can be profitable but also highly stressful. It demands your constant attention and sophistication. - 23221
You must keep track of your stock prices on a daily basis, monitoring the increase or decrease in stock prices and taking note of constant fluctuations. Check the paper for stock prices or save stock market websites in your "favorites".
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.
Extra cash or a bit of a financial windfall can be used to increase the amount of stock you own. Top up stocks that have been performing well. Remember the importance of diversifying your portfolio because it really is true what they say. Don't' put all your eggs in one basket.
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.
Read the Wall Street Journal or Barrons and keep on top of daily news about your stocks and current events that affect the stock market.
Because the stock market is such a volatile place, you must monitor your stocks if you hope to make money. Keep a three year goal in mind and don't panic-sell if stock prices start to fall and fall hard. Evaluate your stock's performance over time.
Day trading can be profitable but also highly stressful. It demands your constant attention and sophistication. - 23221
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posted by X - Men @ 2:05 AM
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