It is often hard to determine what the best stock market secrets really are; anyone who plays the market has their own theories and their own secrets. The best secrets to remember are to buy when the stock is at a low price, when the stock begins to climb and you can make a profit, sell it. And finally, if you believe the stock is in trouble, sell it before it tanks.
If you purchase stock in a company that makes light bulbs, that is probably pretty safe stock because everyone needs light bulbs and that probably is not going to change. So if you bought the stock at a good price and the company announces that it is going green and will be making energy saving bulbs, the stock may begin to rise. If you get to a point where selling the stock will garner a good profit, sell it. One of the best stock market secrets is to keep your ears open, watch the news and if it is reported that people do not really like energy saving products, sell that stock before it starts to dive.
Also among the stock market secrets is the great tip to now get personally involved. Maybe you were really clever and purchased a little known stock that climbed so high that just selling one third of your stock allowed you to pay cash for your new car; and now you hear that it may problems, sell that stock before it tanks and takes your profit with it. Sell the stock and reinvest in something else.
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Wednesday, February 4, 2009
Stock market secrets - buy low, sell high and get out before it tanks
Labels: Stock Market
Posted by saif at 1:11 PM
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