Buying Stocks
buying Stocks
Warren Buffett is Buying Stocks Now
Buying Stock for Dummies
More than ever people are asking “how do I Trade?”
Using the “Buying Stock For Dummies” system, and entering the Stock Market will doubtless be the best and most profitable investment you will ever make. Maybe even into the tens of thousands. But Trade Stocks the wrong way, and you will simply be throwing away your hard earned cash away. Read on to see the “Buying Stock For Dummies” way to trade, top 5 vital tips for new comers, and deadly traps to watch out for.
1. Forget your gut feeling. Too many new Traders are picking a stock they think will be good, invest too much with it, and wave it all goodbye. Your gut feeling is no substitute for a professional approach.
2. Be careful who you listen to. Most market analysts are outright guessing. Tips that are free are generally worth what you paid for them (i.e. nothing) And don’t fall for all the ‘Boiler Room’ scams that are there to fleece you dry. Many new traders waste the best years of their life following bad advice.
3. Start small. Invest sums like $50 to $100 to start out with, even better do some ‘paper Trading’ for the first few weeks. Instead of actually committing to using real money just record on paper what you would have invested; then watch what happens. It’s much better to learn when it doesn’t cost you anything to lose! This can save you tons of money while you’re gaining valuable experience for big trades in the future.
4. Don’t invest what you can’t afford to lose. Though you may be exited, this isn’t the time for rushing in blindly. The recent stock market collapse shouldn’t be anything to scare you, in fact for savvy investors it’s a great time to invest. Remember only trade with your spare money.
Impatience can be good, if your going in the right direction. This can be a legitimate choice. Some new traders have saved loads of time, and made heaps of money by simply using the “Buying Stock For Dummies” system, duplicating the success of someone else. Newbie traders have shaved years off the learning stage by taking full advantage of someone else’s experience.
5. Get a good Trading System, and stick with it. Amateur traders waste a ton of time and money hopping from method to method. You need the patience to persist with a system, instead of leaving after the first few losses like most losing traders. Have the discipline to stick with the system, give it 3 – 4 weeks before you start trying to change it.
Trading The Stock Market will have it’s ups and downs, but with a solid trading system, good money management principles, and the patience to research and stick at it, you could eventually be trading by the millions. A Hundred Thousand is more attainable than it used to be, with the “Buying Stock For Dummies” advice it’s not that far out of reach. People just like you are doing it every day.
There’s a lot of junk out there – like anything else if it sounds too good to be true, it usually is. And if it’s genuinely good today it will still be good tomorrow. Sometimes it is true – just take some time to evaluate the system. Look for unbiased proof such as examples and testimonials, and if you can checkout a free trial or preview first.
You can’t afford all this trial and error like most amateur traders. Why would you want to start from scratch and figure it all out on your own, when you can have all the trading tools and resources handed to you from one who knows, and is already making millions from the stock market.
See for yourself just how easy it can be to duplicate someone else’s success, and sign up for a free “Buying Stock For Dummies” eCourse to learn more before you decide.
Just Visit www.BuyingStockForDummies.Com to get started on the right track.
About the Author
Buying stocks in a good company Good or Bad?
I wanted to buy stocks in a great company like Wal-Mart, Tim-Horton’s- Star-buck’s. What do you think about that? Will the stock grow and can I make a profit? How old do you need to be to buy stocks? Thanks!
If you’re a rookie in Investing or stocks, go to
www.finance.yahoo.com.
Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.
Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.
If you’re new to stocks, DON’T Day Trade. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.
Day Trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.
I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.
Good luck.
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