Neodaq help?
Wed Jun 21, 2006 5:57 pm
I've recently decided to get involved in the stock market, as I hear, with patience, you can earn quite a few pennies from it.
I know I have to be wise about the stocks I invest in, so I decided to check out Neodaq.
I'm not sure what I want to be looking at on this site, however. Can someone run me through how the stock market and Neodaq work?
I know I have to be wise about the stocks I invest in, so I decided to check out Neodaq.
I'm not sure what I want to be looking at on this site, however. Can someone run me through how the stock market and Neodaq work?
Wed Jun 21, 2006 6:38 pm
Can someone run me through how the stock market and Neodaq work?
The basic rule for the stock market is "buy low, sell high." Since the lowest price you can buy a stock at is 15 np, most people buy at this price and then wait for it to rise, then sell. Typicaly(sp?) they sell at 250-300% profit but there are some people who like to buy a whole bunch of one stock and wait for it to rise above 100, then sell for major profit. If you look at the history of the stock on Neodaq, you can see which stocks would be best for each strategy.
Wed Jun 21, 2006 6:38 pm
And you didn't check the site she gave you decently.
http://www.neodaq.com/index.php?page=basics
This will give you the information you asked for.
Wed Jun 21, 2006 7:00 pm
Earthstar wrote:Can someone run me through how the stock market and Neodaq work?
The basic rule for the stock market is "buy low, sell high." Since the lowest price you can buy a stock at is 15 np, most people buy at this price and then wait for it to rise, then sell. Typicaly(sp?) they sell at 250-300% profit but there are some people who like to buy a whole bunch of one stock and wait for it to rise above 100, then sell for major profit. If you look at the history of the stock on Neodaq, you can see which stocks would be best for each strategy.
Stock Charts
>>Text Links
>>Thumbnail Links
Raw Data
Richie's Data Mine
Stocks Reportcard
Which page would be the most useful to see the history of stocks?
Wed Jun 21, 2006 7:16 pm
Thumbnail links 
I personally just bought a load of shares in one random company and after about a year, it rocketed to 500% so I turned 200k into 1 Mil
I personally just bought a load of shares in one random company and after about a year, it rocketed to 500% so I turned 200k into 1 Mil
Wed Jun 21, 2006 7:38 pm
Anoohilator wrote:Thumbnail links
I personally just bought a load of shares in one random company and after about a year, it rocketed to 500% so I turned 200k into 1 Mil
Sweet, Congratulations.
Alright, I have a question the newbie guide does not cover.
If I bought 1000 shares of a certain company for 15NP PS, what would be the reccomended price to sell at?
Wed Jun 21, 2006 7:48 pm
littleboy6326 wrote:Anoohilator wrote:Thumbnail links
I personally just bought a load of shares in one random company and after about a year, it rocketed to 500% so I turned 200k into 1 Mil
Sweet, Congratulations.
Alright, I have a question the newbie guide does not cover.
If I bought 1000 shares of a certain company for 15NP PS, what would be the reccomended price to sell at?
It depends how much of a profit you want and how long you are willing to wait. 300% profit shouldn't take too long and you would sell at 45. Look at the stock's history though a find a pattern and when it peaks.
Wed Jun 21, 2006 7:51 pm
Messs17 wrote:littleboy6326 wrote:Anoohilator wrote:Thumbnail links
I personally just bought a load of shares in one random company and after about a year, it rocketed to 500% so I turned 200k into 1 Mil
Sweet, Congratulations.
Alright, I have a question the newbie guide does not cover.
If I bought 1000 shares of a certain company for 15NP PS, what would be the reccomended price to sell at?
It depends how much of a profit you want and how long you are willing to wait. 300% profit shouldn't take too long and you would sell at 45. Look at the stock's history though a find a pattern and when it peaks.
I wanted to play it safe, and buy a stock with a higher chance of sky-rocketing, like ACFI, and sell it at a slightly higher price than what I had bought it for. The stock market is based mostly on luck and patience, right?
Wed Jun 21, 2006 8:40 pm
Your sell point is totally up to you. I seem to remember someone on Neodaq posting once that the 55-60 range is the best range for maximizing profit, but I could be misremembering (I don't really follow the Neodaq forums).
The lower your sell point, the less money you need to get started, the shorter the initial "shoveling your NP into a black hole" phase lasts, the smaller your stabilized portfolio will be.
The higher your sell point, the more money you need to get started (unless you earn 15k a day via other means, of course), the longer it feels like you're shoveling your NP into a black hole, and the larger your portfolio will become.
Up to a point, the higher your selling point, the more money you'll make, because you get more money per sale: both because of the higher price and because you've built up more stocks by the time you sell. After that point, your overall profit starts to decrease because the larger amount of money per sale doesn't compensate for the reduction in the number of sales. As I said, IIRC that point is about 60, but I could be wrong.
I'm serious about shoveling your NP into a black hole at the beginning. With a reasonable selling point (say 45 or so) expect it to be several months before you start seeing any money at all back.
The lower your sell point, the less money you need to get started, the shorter the initial "shoveling your NP into a black hole" phase lasts, the smaller your stabilized portfolio will be.
The higher your sell point, the more money you need to get started (unless you earn 15k a day via other means, of course), the longer it feels like you're shoveling your NP into a black hole, and the larger your portfolio will become.
Up to a point, the higher your selling point, the more money you'll make, because you get more money per sale: both because of the higher price and because you've built up more stocks by the time you sell. After that point, your overall profit starts to decrease because the larger amount of money per sale doesn't compensate for the reduction in the number of sales. As I said, IIRC that point is about 60, but I could be wrong.
I'm serious about shoveling your NP into a black hole at the beginning. With a reasonable selling point (say 45 or so) expect it to be several months before you start seeing any money at all back.
Wed Jun 21, 2006 11:13 pm
I think your sell point is just down to how patient you are. If you waited long enough, you could probably sell a stock at 200 when you bought it for 15, but you could be waiting a long, long time. You'd have to watch it's value go up and down alot before it got to that point, and you may just lose patience and sell it before then.