Stock Market Secrets
When it comes to good 401k advice I have to tell you the best way to make big gains in stock market investing is to keep close tabs on your stock market prices. If you're a player and you want to come out ahead, keeping a close eye on the rise and fall of stock prices is absolutely essential.
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.
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.
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.
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.
It's important to monitor your stocks because the market can be extremely volatile. The performance of your stock should be evaluated over time. Don't automatically sell your stock if you notice that the price is falling. Keep a three year horizon in mind.
Congratulations! Day trading can be profitable for those who are vigilant, but remember it still takes a lot of hard work and sophistication. - 23222
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.
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.
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.
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.
It's important to monitor your stocks because the market can be extremely volatile. The performance of your stock should be evaluated over time. Don't automatically sell your stock if you notice that the price is falling. Keep a three year horizon in mind.
Congratulations! Day trading can be profitable for those who are vigilant, but remember it still takes a lot of hard work and sophistication. - 23222
posted by X - Men @ 2:41 AM
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