Fri 2 Mar 2007
The financial media constantly reports about momentum stocks that are achieving tremendous gains during the same day. And even when you can see online investors that make $5000 on a single trade, it is also not unusual to watch beginner stock investors lose a great deal of money because of a series of unwise decisions.We all know that in the stock market is always possible to watch certain stocks go up more than 100% within a few hours to days. This is especially true in the 4th quarter of the year where the buying frenzy starts in Wall Street.
The financial media constantly reports about momentum stocks that are achieving tremendous gains during the same day. And even when you can see online investors that make $5000 on a single trade, it is also not unusual to watch beginner stock investors lose a great deal of money because of a series of unwise decisions.The problem is that if you don’t know how to pick among stocks & how to properly approach them you could end up wasting dollars instead of making your wallet happy. You can’t just trade stocks like if you where gambling.
The first step in becoming a profitable trader is to start learning how to pick and trade stocks. There are many “ultimate” trading systems out there, but you need to test them in order to discover which ones help you the most. That’s part of your homework as a stock trader. Test several strategies and then test them again until you are able to produce consistent winnings.
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The worst thing that can happen to a beginner stock market trader is to get information overload. It’s better to go step by step, and test a practical trading strategy that can help you focus on simple ways to make money while picking SOLID hot stock trading opportunities once at a time.
In the end, stock trading is all about buying and selling according to your specific knowledge FILTER. Once you master and follow your proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis. Fortunately some websites on the Internet can show you how to use effective and proven stock trading strategies. Visit them today & discover how to profit in the stock market by picking hot stock trading opportunities in a realistic way every week
March 2nd, 2007 at 9:03 am
The stock market constantly temps me. When I was young and single, I took $1000 and gave it a shot and did alright. However, it didn’t really pay off because of the amount of time it took reading and reading and reading.
I have a moderate interest in investing but not enough to commit hours a day.
There doesn’t seem to be a nice medium between set-and-forget (mostly) mutual funds and taking the plung into the stock market.
March 2nd, 2007 at 11:02 am
Ah, but there IS just ONE reliable way to make money quickly. You start a religious cult and print your own money.
March 2nd, 2007 at 11:06 am
Stocks are simple. All you do is buy shares in a great business for
less the the business is intrinsically worth, with management of the
highest integrity and ability. Then you own those shares forever (or at least 5 yrs).
Don’t invest in what you can’t understand, the market is only there as
a reference point to see if if anyone is doing anything foolish.
March 2nd, 2007 at 11:23 am
Thanks Kelly, I got into the stock market in 1984 with a $1000 and did pretty good, I agree reading or homework takes a lot of time. I have seen many many lose it all simply because they hadn’t a clue what they were doing, they just followed the crowd and it just doesn’t work that way. I will be sharing my 1984 experience here in a few days.
March 3rd, 2007 at 4:49 am
Great blog. Google offers a portfolio you can play around with…I suggest minimum $30,000 when sampling b/c there’s usually a bottom line $25,000 to actively trade.
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