2007-08-20 13:20:57 · 6 answers · asked by sikondcourtz 2 in Business & Finance ➔ Investing
Have a strategy. Test it before you put real money into it. Trade the businesses you know and understand. Dont be too proud to take small profits. They add up and the big profits will come. Be patient. Dont sell when you're down, If you have confidence in your strategy there is no reason to. Dont trade individual stocks with money you cant afford to lose.
2007-08-20 13:44:15 · answer #1 · answered by jeff410 7 · 0⤊ 0⤋
Very carefully.
Understand technical and fundamental trading.
Know Trading Money Management inside out.
There is no one that can answer you fully on "yahoo answers". You need to start reading as much as you can. Take your time. Don't jump into it. Be very careful of having a "gambling" mentality.
BTW: Be very careful getting investment advise from strangers whose qualifications and motives can never be known by you. Stay away from "jim cramers" books (see this weeks headline story in Barron's).
2007-08-20 21:19:44 · answer #2 · answered by Common Sense 7 · 1⤊ 0⤋
before you get into stocks find a high yield mutual fund to put your money into. a roth IRA is also great! read jim cramer's books, never invest what you cant afford to lose and try looking for a class in your area that teaches investing.
2007-08-20 20:24:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Study the company's fundamentals. If you don't know what to look for I just wrote a short blog yesterday on how to analyze company's fundamentals. (click on my profile, there's a link next to 'About Me').
2007-08-20 20:39:26 · answer #4 · answered by The Red One 1 · 0⤊ 0⤋
Buy breakouts.
2007-08-20 23:57:11 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Zecco (If you have less than $25,000.00 USD)
2007-08-20 21:20:48 · answer #6 · answered by Anonymous · 0⤊ 1⤋