Your question reveals the fact that you are a complete newbie with very weak basic, fundamental knowledge in the stock markets and is about to do something you might regret for a very long time.
Listening to free, off the street advice is an EXPRESSWAY to DISASTER. Read more good books and articles on investments to expand your vision and horizon before you decide to go deeper into the subject. For some of the best investment books that I have ever read, please visit http://www.bestoptiontradingbooks.com.
Investing or trading the stock markets never start from asking how to buy a certain stock ... it starts from adequate investment and trading knowledge. There are quite a number of things you need to learn before you can even start thinking of the stock markets ...
1. You need to understand how the stock market works and what it is exactly about.
2. You need to know what are the different styles of trading in stocks and shares.
3. You need to read about why so many people lose their shirts in the stock markets so that you can avoid their mistakes and also decide if this is a risk you want to take.
For all these issues and more, you can read about them from some of the articles that I wrote at http://www.mastersoequity.com/articles.htm
After you are adequately armed with the basic concepts and ideas, you need to know how to find profitable stocks to trade or invest in. You can do that the easy way by subscribing to stock pick services (example http://www.stockpickmaster.com ) or you can learn to use charting tools and softwares to find stocks with parameters that you can pre-define. (example http://www.worden.com )
All in all, investment and trading is a lifelong education and non stop learning. No one is ever done learning and catching up with changes in the markets.
If you care to read about how I went from completely broke to retired millionaire trading stocks and options by 28 years old, you can go to http://www.mastersoequity.com/
Remember, the slogan "Just Do It", Just won't do for the stock markets. If profiting in the stock markets is as simple as buying a single stock , then why are so many people still poor?
After you have all the above mentioned knowledge, you need to ask the following golden questions before you can decide whether a stock is worth buying or not :
1. Why are you of the opinion that this stock will rise?
2. Is your opinion valid in the first place?
3. When are you expecting it to rise? Can you hold on for that period of time or longer?
4. What is your expected entry price? After what price would your expected profit margin be too thin to enter upon?
5. Where is your expected stop loss point? What is your stop loss point based on? Where will you tell yourself that it is time to take a loss and get out?
6. Where is your expected profit taking point? What is your profit taking point based on?
7. Does the way you are buying the stock allow you to hold on until your expected profit taking point?
8. How much of your money should you dedicate to this one trade?
9. What is the level of primary, secondary and idiosyncratic risk you are undertaking when deciding how much of your fund to use?
10. What is your cashflow need? Does your cashflow needs allow you to hold the full lifetime of the stock?
After you are able to answer all these questions confidently, THEN you are ready to... PAPER TRADE your stock strategy. Yes, even at this point, you are NOT READY to trade for real. You should trade on PAPER for at least 6 months and become consistently successful BEFORE you take your stock strategy into real life.
Then.. you are ready to start... but there is still no guarantee of success as paper trading is very different from real trading. You will need another maybe 1 year or 2 trading very little money and be consistently successful BEFORE you are ready to increase your stakes.
So, as you can see, success in the stock markets is not easy at all the the less knowledge you have, the more risk you undertake. I lost hundreds of thousands in the stock markets before I become successful.
Take heed and good luck.
http://www.mastersoequity.com
http://www.optiontradingpedia.com
.
2006-12-16 15:51:21
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answer #1
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answered by Anonymous
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Are you looking for sub $20, sub $5? sub $1? It depends on what you want and how much risk you are willing to take. Double? How about a good trade strategy that doesn't require the stock to dbl but you can still make double by trading in and out and by selling options. I advise expanding your abilities, and not just looking for stocks with a lot of risk involved. How about if I said you can make 30% a year by investing in HMC (Honda) which is one of those very slow moving stocks. You can do it by using covered calls. I cover the strategies on my blog: gmoolah.blogspot.com. See nov post: creating investment cashflow part I: the covered call. And, if you really want, I cover small stocks a lot. I have one on my watchlist that is $1.07 right now but very risky and I'm not sure it'll double. You should also spend time on stockcharts.com to learn technical analysis. I usually double my money every year, but I have rarely chose a stock that doubled in a year. I just know how to trade and manage risk.
2006-12-16 13:13:32
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answer #2
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answered by Ryan W 2
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DROOY
May be. Take a look at its history on Y! Finance. It has gone on some pretty wild swings.
It is a gold company that is 100+ years old, and located in South Africa. I plan on jumping in at 75 or 80 cents. IF it gets that low. If not, then I missed out on a good stock.
Otherwise Wilson's Leather looks like it has some good upside potential. $2.25 a share, it has dropped pretty hard. They look like they are coming out of restructuring fairly decently, and have their store inventory at good levels.
SLR. A NYSE company. They are already pretty big, but they make Red Box (it should be up-and-coming) and they have a good overall outlook for their business.
*this is not a recommendation to buy, you need to do your own research first, then determine if it is an investment for you.*
And I do agree with the 'newbie' statement made below.
2006-12-16 13:11:16
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answer #3
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answered by Johnny 3
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I have to say it is Mitcham Industries, symbol MIND. They supply 3d-seismic equipment for creating images of underground oil fields. Their business is growing and the stock is small.
If you are looking for great investment ideas, see what the best traders are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2006-12-16 13:32:16
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answer #4
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answered by Anonymous
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predicting the stock market movement is hard enough. Attempting to predict which stock would double is next to impossible. However, if you take the time to evaluate the companies you are interested in and follow simple rules, you can do well. Here is a nice article about evaluating stocks.
http://ibooyah.com/blog-mt/mt-search.fcgi?IncludeBlogs=1&search=evaluate
2006-12-16 17:14:42
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answer #5
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answered by Anonymous
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Winchester Olin, Federal, Remington, Colt,
2006-12-16 10:24:14
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answer #6
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answered by Gunny T 6
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shares sometimes take an quite short term spike, like one guy or woman places a incorrect form in or something. yet except there is adequate volume to assist the hot fee, it relatively is going to fall, probable quicker than it rose. slightly volume with a cost strengthen exhibits activity, multiple volume with a cost strengthen exhibits momentum.
2016-10-15 02:06:09
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answer #7
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answered by ? 4
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I am counting on : nwacq & plm
2006-12-16 13:34:25
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answer #8
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answered by Kitty 6
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