To: ChrisJP who wrote (6281 ) 3/27/1999 10:30:00 PM From: KZAP Respond to of 9115
So will there be a header change? <<<<<We now return to the "I'm a whiz kid, but I'm often wrong, so do your own DD" thread. >>>>>> LOL! You guys! *********** "How to make money in the Stock Market?" Should be a book out there on the subject. <ggg> 1) A online broker is great. But you'll find out you will need a back up. So a good live broker will make you money also, don't get "pinched"! 2) If you are going to 'follow' other posters on SI, make sure you follow someone who does their homework and is consistent. However, you can't rely on other's dd, do your own and ask a lot of questions. 3) Don't risk too much on any one stock. Personally I'd set a limit at around 20%. 4) Diversify. Putting too much in any one group could cause serious damage if the sector turns the wrong way. You understand this, right? 5) Be patient. Don't get in a stock that has just had a quick run. Wait for the pull back and for it to leveled off. Sometimes you miss the largest run, but that doesn't mean it's over. There's thousands of examples out there. IMO the main thing is to educate yourself. Use common sense. If you lack that, by all means, seek professional advice. If you're sick you consult a doctor, right? Yet, you will ask your friends which doctor is best. Know what I mean? Ask around. Be kind to yourself. No need to get into a big hurry. You'll miss some good investments, but there will be another one tomorrow or the next day. Learn to reconize a stock that is worth your investment. There are some good OTC companies, just like there are some dog listed companies. Yet the precentages are in favor of the more expensive companies. Penny stocks can be very profitable, but are very risky. Become a seasoned investor if you're going to risk your money on Penny stocks. BTW, I do like Penny stocks and listed large cap stocks, and everything in between. But will also admit that there's just something about buying a penny stock that is alluring to investors. I guess it's the "rags to riches" concept. The story that you can tell when you catch a good "hot" one! Lots of luck investors! The above is just some basic advice. Take it or leave it. It's JMHO anyway. KZAP