Mike Swanson's picture

Making Money In The Stock Market - Mike Swanson (08/24/09)

A lot of stuff is happening today. One news story that has caught my eyes is the Stompernet Lawsuit - Andy Jenkins Leaves Stompernet. But I know you are paying attention to the stock market.

Have you already figured out your stock trading strategies for all the new technologies that are popping up on the market? Nanotech, biotech, healthcare, financing, energy resources and communications, all are the hot new stock picks of 2009.

If you really want to become a successful day-trader, it's vital to know how to pick and choose your stocks to ensure that you are making the best decisions. Though all smack of promise, you have to seriously consider the risks that lie behind many of them. Some may appear better than they really are.

In these tumultuous times, market veterans rely on trading the "happening" stocks, riding their wave to a quick and effortless windfall. By always keeping your eye - and your portfolio - focused on the big new things breaking out on the exchange, you can turn some quick time, and a minor outlay, into a sizable nest-egg in the blink of an eye.

Sure, momentum stocks aren't all that you'll find in any successful trader's portfolio. They are, however, key money makers if you know how to use them properly, going long or bailing out, depending upon their performance that day.

Too often, the day trading biz gets bogged down in numbers, percentages, codes and other confusing mumbo-jumbo. Pay too much attention to it and you might miss out on a prime plum just waiting to be picked. When you decide to throw in with the day-trading crowd, remember that first and foremost, simplicity is your best friend.

Mastering the art of buying and selling, you can consistently count on a great return. After all, stock trading strategies are nothing more than plans for taking advantage of the best opportunities the trading day has to offer.



[Most Recent Gold Stock Quotes from www.kitco.com]

Power Investor Login

Who's online

There are currently 1292 users and 482 guests online.