Stock Tips From a Novice Trader

Stock Tips From a Novice Trader

Although I have been trading stocks on and off for 15 years, I’m still a novice. I learned enough about stock trading to find a method that works for me. When I research a stock and learn new things along the way. Here are some tips I use when trading.

Find a good broker to trade with – If you are just starting out, I recommend the Robinhood mobile app. Robinhood offers free trading, although it’s limited, it’s a great way to get your feet wet with stock trading.

Pick Stocks Of Products and Brands That You Actually Buy  – Researching the brands and products I use made it easier for me to choose which stocks to buy. I was already familiar with the brand and now have a vested interest. FUNKO was the first stock I purchased. Having spent hundreds of dollars buying Funko Pops, it made sense to invest in a company that makes one of my favorite collectibles.

Good choice because I purchased the stock at $8.35 and is now sitting at $13.67.

It’s all about being comfortable with your stock purchases.

Learn as You Go – Don’t try to learn everything about stock trading all in one day. Just begin by reading articles and when you come across a term or phrase you don’t understand or don’t know the meaning of using the resources that are available. The internet is a wonderful thing.

Google and Youtube are your best friends!

Stay Within Your Budget – Don’t invest money that you can’t afford to lose!

Google Is Your Friend

 

If you aren’t sure what stocks to buy, all you have to do is search Google for stocks under $10, $5, or even $1!

Most trading websites publish articles daily where they pick the top stocks under a certain price range. They even go in depth as to why those stocks are good picks.

Here are some sites that I use daily:

www.zacks.com
www.investopedia.com
www.investorplace.com

Overall, learn and have fun while making money. Educate yourself. Spread the knowledge!

Please follow and like us:
Admin

Leave your message

This site uses Akismet to reduce spam. Learn how your comment data is processed.