Trading Tips

How to Find A Great Stock!

This depends on what your goal is. My goal is to find a stock that's not already grown so much that it moves too slowly to be a very profitable stock. The goal is to find a stock for a good AND growing company.
 
For EX: A few years ago a stock such has Netflix would have been a great investment because it was a fast growing and exciting company. It still is a good stock. That's why it's on our Watch List.
 
Look around your house and find a new product from a company. See if they have a stock. Look at the history and see if its growing for the past few years. Not a bad start.

Buy Low Sell High - Sort Of?

I cheer when a stock that's on the watch list goes down (not a stock that we bought - no we want those to head higher). I want you to get used to stocks going down because the lower the stock goes the better price you'll get before it heads back up. That's how you buy low and sell high -- when everybody is selling.

Don't Sell Unless The Stocks Starts Heading Down - Sort of?

A lot of people get excited and worried when a stock is headed higher because they don't want to wake up one morning to find out that their stock has gone down. I want you to get in the habit of not worrying. There's no need to worry because you'll know exactly when to sell the stock. You'll sell the stock once it starts heading down or once it reaches a targetd price which you set for yourself.
 
So just let the stock go higher and higher and then once you see a significant shift in the charts that point that it's changing direction -- sell it.