Newbie looking for stock tips | Stock Market | TORN

Newbie looking for stock tips

    • StormNexus [1877618]
    • Role: Civilian
    • Level: 50
    • Posts: 18
    • Karma: 2
    • Last Action: 9 hours
      • 1
    • Reason:
      Are you sure you want to report this post to staff?
      Cancel
    Thread created on 18:13:10 - 30/12/14 (9 years ago)
    |
    Last replied 00:23:41 - 08/01/15 (9 years ago)
    Any advice on the best stock for a low level player? I don't have tons of money, but I want to get started in something.
    • SilentPartner [536396]
    • Role: Civilian
    • Level: 26
    • Posts: 17
    • Karma: 14
    • Last Action: 12 hours
      • 0
    • Reason:
      Are you sure you want to report this post to staff?
      Cancel
    Posted on 13:08:00 - 31/12/14 (9 years ago)
    Post link copied to clipboard Copy post link
    Obvious one - Buy low, sell high haha.

    1) I'm not amazing at playing the stock market so you might get better tips than mine but I've found the best approach is to look at the historical graphs of the stock's performance. If it is an all year low, the chances are it will rise again at some point in the future so worth putting a bit of cash into. Although "past performance is not a guarantee of future returns."

    2) If a stock's value starts to plummet and you've already lost capital, especially after you've bought in at a historically low price, don't panic and cash in as it is better to sit tight and wait for a rise (which it almost inevitably will do at some point). Some stocks can be good be useful for short term gains but others are much longer term.

    3) Although the old adage says 'don't throw good money after bad', in the real world (my work actually involves investments in shares) it can often be a good idea to put more money in if a stock value falls, if you have confidence in the stock rising in the future (again, the history of stocks can be a good indicator of this), investing new funds in at low cost can split your potential losses while giving rise to greater gains in the future, as the average price at which you bought the stock is reduced.

    4) Think about what potential stock benefits you may want. For example, free energy cans or FHC can be useful for stat gains, increased interest rates useful for banking (although I believe the returns are fairly neglible). As I already am comitted to remaining in such stocks, I often buy more when the value falls and then sell when they're in the green. This means I'm slowly reducing the price I paid for them while also retaining the stock benefit.

    For info regarding stock benefits, see this link:

    http://www.torn.com/wiki/Stock_Market

    Hope this helps, although like I say, some more experienced Stock Traders on Torn might want to weigh in to give advice (and if I'm wrong - tell me haha)

    Cheers

    SP
    Last edited by SilentPartner on 13:12:00 - 31/12/14 (9 years ago)
    <-- Please report this URL to -Clansdancer if you see it -->
    • Daneel_Olivaw [1736842]
    • Role: Civilian
    • Level: 67
    • Posts: 1,230
    • Karma: 164
    • Last Action: 2 years
      • 0
    • Reason:
      Are you sure you want to report this post to staff?
      Cancel
    Posted on 00:23:41 - 08/01/15 (9 years ago)
    Post link copied to clipboard Copy post link
    At Level 7, I doubt you're anywhere near ready to buy stocks unless you're spending a lot of real money. Stocks are ONLY useful when you have enough shares to earn Stock Owner Benefits. Owning 1 share of a stock won't do anything. You need a lot. If you don't have at least a hundred million, you don't have enough to buy even the cheapest stock block.
Reply
Thread Title: