Julian's Tips for Stock Market (aka, mistakes I made and learned from them)
1. Always compare your day change percentage to the indexes (nasdaq, s&p 500, djia...etc,) for example, if nasdaq change percentage is 1.92%, make sure your portfolio is performing at the same percent, that includes individual equities you own.
2. When prices are low, DO NOT SELL AND BUY RIGHT AWAY if your thinking you can get a lower price, you will have a thing called a "wash sale" , where you aquire the losses and averages into your buy price.
3. Analysis are almost 98% wrong, the proper thing is to go through news stories of the company and always look at the CEOs past performances.
4. Be wary of unknown IPOs (Initial Price Offering), repeat step 3. Prices might be enticing, but you can also quickly lose your money.
5. Be ware of stocks that triple in one day. Scenarios that make this happen is, either a personnel of the company (CEO, Board of Directors, etc) are buying the stock to make it look more enticing. Although, if the company is good, such as the IPOs for Facebook(FB) or Amazon (amzn) than IPOs will bless you. Check out Twitter's ipo when it comes out.
6. Read quarterly reports, read them! They are the honest heartbeat of the corporation.
7. Always check 52 week low/high and than look at the current price, and see if it lands between the two. If the 52 week high is recent (5 days), than you might have a winner since it's going up still.
8. Summer (June, July) are GREAT TIMES to buy stock, since on average they are the lowest at these times.
9. Santa Claus likes the stock market, generally when percentages are at their highest.
10. The government does NOT cause declining stock, when determines the stock is if we raise the debt ceiling or default.
11. Janet Yellen (who is from Brooklyn! yea yea!) is the new Chairman of the Federal Reserve. The last person was Bern Bernanke.
12. Myth is, you won't become a millionaire right away, nor even 10,000. Patience and intelligence is the name of the game.
13. Never ever believe in someone that says they can turn your 10,000 into 100,000 in one year. They are more than likely lying.
1. Always compare your day change percentage to the indexes (nasdaq, s&p 500, djia...etc,) for example, if nasdaq change percentage is 1.92%, make sure your portfolio is performing at the same percent, that includes individual equities you own.
2. When prices are low, DO NOT SELL AND BUY RIGHT AWAY if your thinking you can get a lower price, you will have a thing called a "wash sale" , where you aquire the losses and averages into your buy price.
3. Analysis are almost 98% wrong, the proper thing is to go through news stories of the company and always look at the CEOs past performances.
4. Be wary of unknown IPOs (Initial Price Offering), repeat step 3. Prices might be enticing, but you can also quickly lose your money.
5. Be ware of stocks that triple in one day. Scenarios that make this happen is, either a personnel of the company (CEO, Board of Directors, etc) are buying the stock to make it look more enticing. Although, if the company is good, such as the IPOs for Facebook(FB) or Amazon (amzn) than IPOs will bless you. Check out Twitter's ipo when it comes out.
6. Read quarterly reports, read them! They are the honest heartbeat of the corporation.
7. Always check 52 week low/high and than look at the current price, and see if it lands between the two. If the 52 week high is recent (5 days), than you might have a winner since it's going up still.
8. Summer (June, July) are GREAT TIMES to buy stock, since on average they are the lowest at these times.
9. Santa Claus likes the stock market, generally when percentages are at their highest.
10. The government does NOT cause declining stock, when determines the stock is if we raise the debt ceiling or default.
11. Janet Yellen (who is from Brooklyn! yea yea!) is the new Chairman of the Federal Reserve. The last person was Bern Bernanke.
12. Myth is, you won't become a millionaire right away, nor even 10,000. Patience and intelligence is the name of the game.
13. Never ever believe in someone that says they can turn your 10,000 into 100,000 in one year. They are more than likely lying.
