Watch Your Stock Portfolio
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 a good idea to track the performance of your stocks by reading the monthly statements sent by your broker. Use the Internet to keep abreast of stock prices in the interim.
In addition to watching your own stock prices, monitor the price of stocks you are interested in with an eye to buying them down the road. If you track the ups and downs of potential stocks, watching the pattern will help you make an immediate decision on whether to buy, sell or hold.
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.
Keep your broker's phone number handy for when it's time to buy or sell stock. Tell him what to do and at what price. Your broker will handle the transaction and give you a transaction number when your order is placed.
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.
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. - 23305
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 a good idea to track the performance of your stocks by reading the monthly statements sent by your broker. Use the Internet to keep abreast of stock prices in the interim.
In addition to watching your own stock prices, monitor the price of stocks you are interested in with an eye to buying them down the road. If you track the ups and downs of potential stocks, watching the pattern will help you make an immediate decision on whether to buy, sell or hold.
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.
Keep your broker's phone number handy for when it's time to buy or sell stock. Tell him what to do and at what price. Your broker will handle the transaction and give you a transaction number when your order is placed.
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.
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. - 23305
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posted by Mr. Forex at
2:42 AM
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