Hello I was just wondering if anyone is willing to work with me in giving me advice in ways to finding better stocks? I see people on here give good stock picks but I wanna know the main reasons behind them, I in other words I want to be like them instead of being fed the picks. What are the main factors one looks at? How do I know if a stock is at a good purchase price? Are moving averages a main factor in determining if a stock will go higher or lower?
If anyone is willing to work with me please e mail me at mike7131_99@yahoo.com or leave a reply. I know it may be alot to ask but I figure if I never ask I will never know. Thank You,Mike
Posted by YoungInvestor on :
Could anyone recommend any good books?
Posted by Purl Gurl on :
There are hundreds of online sources of information for stock investments. Run an internet search on stock related terms such as,
You will be kept busy reading for at least a year, with no need to buy books. After working through internet resources, you will be in a better position to pick books which best meet your needs.
Take very good notes! There is a lot to learn and remember.
If you are asking about investing--then you need to buy a subscription to investors bz daily or the Wall Street Journal---start reading the news-----it takes a while to put together a picture of the markets----trading is a little different--if you want to trade then you need to focus on technical analysis. some of each is the best--but neither can be learned overnite---- in todays market you want to look for quality companies that are oversold--it is beginning to look like there will be a lot of them if this keeps up much longer---
Posted by poorman on :
quote:Originally posted by YoungInvestor: Hello I was just wondering if anyone is willing to work with me in giving me advice in ways to finding better stocks? I see people on here give good stock picks but I wanna know the main reasons behind them, I in other words I want to be like them instead of being fed the picks. What are the main factors one looks at? How do I know if a stock is at a good purchase price? Are moving averages a main factor in determining if a stock will go higher or lower?
If anyone is willing to work with me please e mail me at mike7131_99@yahoo.com or leave a reply. I know it may be alot to ask but I figure if I never ask I will never know. Thank You,Mike
My advice would be to run away. Trading stocks will make you old before your time.
Still here? Then spend a lot of time reading the posts on the boards and ask questions about the stocks people pick, most will be glad to give you advice and explain where they got their info. Purl, Bob Frey and Glassman who answered you post are great on this but this is only a start, as you learn, put it into praticle aplication on your own picks. In order to be any good at this you will invest tons of time and effort and still lose money at first. Good luck trading
Posted by Purl Gurl on :
There ya go, Young Investor! Lots of great advice from very talented investors, save for that Purl Gurl chick. Don't listen to anything she says, real crazy she is!
Chicken Little
Posted by YoungInvestor on :
You guys/gals are great I will keep doing internet searches for my information, there does seem to be alot of good resources out there. I do currently have an account opened on Ameritrade and do trade with them but I will keep on searching the internet to find info out there. I am 24 years old and hope to one day become a smart investor like PURL GURL Thank You,Mike
Thank You,Mike