Pink Poogle Toy Forum

I've just discovered that you can make some good NP out of the stockmarket. I think I have a general idea of how the whole thing works, but I don't know which stocks to buy. Isn't there a certain risk when buying stocks? Because you don't know if their values will rise or fall, right?

So here's my question: which stocks should I avoid, and which ones will make me gain a profit? I understand that all shares can drop drastically, but I want to know which ones are safer than others. And also, how many should I buy in one go? 10, 100, 1000?

Thanks!

Neodaq is a website that has all the information you will ever need for stocks.

If you are patient, you will never lose money on the stockmarket. It just might take you six months waiting until the price of a certain stock goes back up high enough again (The only exception is the few RARE times that a stock has went under. I've played for years and years and ony recall two).

There are two stock methods.

buy at 15, sell over 15: Buy 1000 stocks of any stock at 15 and wait for it to go higher. Usually a quick turnover rate. People have favorites depending on which they bought at one time. They all perform similarly over time.

Buy expensive after following the trends: An example of this was LUPE which currently peaked 400! Many people had bought at 150. After much much waiting, they got a huge payoff. Of coarse some had bought last time at 280 and had to wait and worry about 280K. It is highly stressful and time consuming. And you NEED a lot of NP.

Either way, only invest excess money that you will not need anytime soon. Don't buy stocks unless you can check on them several times a day and don't stress too much over NP. Always buy in 1000 increments. If you are not that dedicated, then stocks are not for you.

For those will less money to invest:

Always buy at 1000 at 15.

Make yourself a sell price, like 50.

Check your portfolio 2-3 times a day. If a stock you have bought reaches 50 or goes past 50, sell.

The higher your sell price, the longer you might have to wait until that stock gets there. When you sell the stock, dont look back and say "doh, its now at 60, i should have waited", the stock very well might have gone right back down (i think its all random).

As stampsyne said, it could take months before you see any profits, so be prepared for that.

Excellent, thanks =D That was really helpful. And don't worry, neither NP or patience will be a problem =)