Which are the best kind of stocks to buy for fast money?

Answer 1

Come on Melonie. You know it's the slow and steady that win the race. There's too many sharks out there to compete with to go for the fast buck. You need to be diligent, steadfast, and persistent in order to get ahead in the investment gig.

Keep the losses small and let the winners run. Use trailing stops and most of all do your homework.
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Answer 2

If you need fast money, you should go and rob a bank.

Stocks, no matter what company, are long term investments. There are no guarantees and just because a stock or a particular sector is hot today, doesn't mean that it will be tomorrow. Any company can be hit by unexpected news at anytime (a major lawsuit, recall of a product, etc.).

If you need money fast, chances are you did not have the forsight to save money for a rainy day. Don't look at stocks as a way to cash in quickly. Because of the unexpected and transaction costs and potential capital gains taxes, you would do more harm then good by investing in stocks.

Answer 3

The Greater the risk, the greater the reward is the general rule. If you want fast money try puting those legs to work cause the stock option will prob end up costing you money.

Answer 4

Oil-related stocks are excellent right now. MDR (McDermott) is awesome. It's up 20 points since I started watching it one-month and half ago.

Apple is also good from now until June 29 when the iPhone will be rolled out.

Answer 5

I wouldn't recommend trying for fast money. It sounds like you're looking into momentum buying. It may be great short-term, but in the long run you'll get burned.

Answer 6

I will answer the question,,

Find a small cap company that is ultra undervalued and then
Research. research and research some more.
Make phone calls, check court document sites, Search incorporation documents, tie out new PR's, research the people they do business with, check government websites, send e-mails and do Personal visits like I did on PBLS its my "AMEX stock in Penny Clothing" research it until you are blue in the face.
Prove that it is a real company...............

Thats how I did it.

Jockee

Answer 7

I see you are interested in investing in the stock markets and think that you can start successfully by asking questions like this online. Just think, if winning in the stock market is as simple as posting questions like this, why are so many people still poor?

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://worden.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.


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/

Hope these information helps.


http://www.optiontradingpedia.com/

http://www.mastersoequity.com/

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Answer 8

You're in the wrong business. Seems like you're looking for casino.

If everyone here knows the answer to your question, we'll all be there instead.

Try addressing your question to Warren Buffett. Perhaps he knows.

Answer 9

One that's going to go up a lot and not have any risk of going down. ;-}

If your next question is "how do I find those" that's a good question - the first person to find an answer to that will become a multi-zillionaire.

Answer 10

Exxon