Best Stocks To Buy Right Now | Don’t Get Conned!
Best Stocks To Buy Right Now | Don’t Get Conned!
A lot of people looking for the best stocks to buy right now must be careful to avoid getting conned by dubious stock promoters. There are no shortage of ways that people will try and convince you that they have the hottest stock tip and you must buy right now. If someone is telling you they have the best stock to invest in and that you must buy it now, then chances are they have an agenda that you’re not aware of.
Best Stocks To Buy Right Now | The Pump!
I’m sure you’ve seen this in action. There are lots of newsletters out their that claim they know the best stocks to buy right now and that if you get in early you can make a fortune. This is called the PUMP. Maybe you have received some of these letters in the mail. They are disguised as some sort of stock newsletter, but in reality they are hyped up sales letters, mailed to you by a stock promoter who gets paid to promote the stock, all the while urging you to buy the stock pick or miss out on a fortune.
Best Stocks To Buy Right Now | Don’t Get Ripped Off!
A lot of times the promoters behind these so-called stock newsletters have already purchased the stock at a lower price. They then send out a blast of direct mail pieces claiming they have the best stocks to buy right now. Their sales letters can be very convincing, so please don’t get conned. If you are on several mailing lists you can even get the exact same letter.
Best Stocks To Buy Right Now | Penny Stocks
These so-called stock newsletters that claim to have the best stocks to buy right now are usually promoting penny stocks. Penny stocks are stocks that are less then $5.00 per share. Why penny stocks? Because they are much easier to manipulate then big blue chip stocks. Most of the time these stocks are traded off the main stock exchanges and have low volume. This means that if all of a sudden a large surge of people start buying the stock it can easily rise as much as 50% to 100% in a single day! This happens quite frequently actually.
Best Stocks To Buy Right Now | The Dump!
Once the penny stock has been hyped up – or pumped, it’s time for the DUMP! The promoter of the stock, having previously purchased the stock at a much lower price will suddenly DUMP, or sell all their shares at the hyped up higher price. They make a killing, while all the other poor saps are left holding the bag and the stock price craters as everyone tries to sell their stock. This is exactly why these type of stocks are not the best stocks to buy right now. It can be a very emotional experience to see your stock soaring one day and the next day it drops like a rock.
Best Stocks To Buy Right Now | Penny Stocks For Dummies
Penny stocks can be a very viable way to find some of the best stocks to invest in. But, you must learn what you’re doing first, and not get suckered into a pump and dump deal that claims they know the best stocks to buy right now. Investing in penny stocks can be very exciting and rewarding if done the correct way. Education is key and learning from a real expert is probably the best way to go when getting started.
Finding the best stocks to buy right now can be easier then you think once you discover how to evaluate a stock and have a clear stock trading strategy to use.
Best Stocks To Buy Right Now | 3-Must Read Tips
Best Stocks To Buy Right Now | 3-Must Read Tips
First things first. Don’t be a sucker. To have any chance of making money with the best stocks to buy right now there are three key things you must know before doing anything. Ignore these things and you will end up losing money, big time! I see it happen all the time. Be smart – read these tips and safe yourself a big chunk of change.
3-Tips For The Best Stocks To Buy Right Now
Tip #1 – You must know where to take a Loss!
Yup, that’s right. You better know at what point you will take a loss and bail out. If you don’t then you’re a sucker and will most likely end up losing a lot more then you planned (or didn’t plan). Will you let the stock move $1 against you? 2 dollars? 3 dollars?
Believe it or not, most people will buy a stock and have no idea how much they will risk and when they will bail out. It’s amazing, but it happens all the time. If you’re looking for the best stock to invest in and have no idea what your risk is before you buy the stock then you’re in big, big trouble before you even enter the market. You will end up making decisions based on emotion rather then solid planning.
Tip #2 – How many shares should you buy?
This goes hand and hand with tip #1 and how much risk you’re willing to take when looking for the best stocks to buy right now. Let’s say you look at the price chart of the stock you want to buy and you determine that if the stock falls $3.00 from your entry point that you will exit and take your loss.
Let’s say the stock is $30 per share and you have an account of $10,000 and will risk 2% of your account value ($200). So you would take the amount you’re risking, $200 and divide it by the amount the stock has to move against you before you exit, in this case $3.00.
Divide $200/$3 = 66 shares – If you think the stock is the best stock to invest in then 66 shares is the recommended amount of shares for this example.
Tip #3 – Know when to take your profit and exit!
Bulls make money, bears make money, pigs get slaughtered! This is an old Wall Street saying that basically means that if you’re greedy and don’t know when to take your profits and run that you will end up getting slaughtered.
If you’re looking for the best stocks to buy right now and don’t know when you’re going to take your profits when you do get a winner, then you’re looking for trouble.
Simply put, don’t let greed guide you. Instead, have a plan in place to take profits and a way to reduce your risk as the stock moves in your favor. If you don’t… then you know what could happen.
What “They” Won’t Tell You About Best Stocks To Buy Right Now
Here’s something most people won’t tell you when they claim to have the best stocks to buy right now. They won’t tell you what their risk tolerance is, what their time frame is, how many stocks they are trading, etc, etc, etc… These are all key things to know. For example, there are some stock picking services that give you the best stocks to invest in on a daily basis. The problem is… if you’re looking for the best stocks to buy right now who has enough money to be buying a new stock everyday? Very few.
Make Money – Learn To Pick Your Own Stocks!
Finding some of the best stocks to buy right now is really not that hard once you have a systematic stock trading plan that you can follow – it makes things a lot easier.
