1. Listening to media rags that are not hard news but rather media that are paid by the different companies to make announcements for them. They don't give the media any money usually but rather they give them free shares so there is an incentive to promote the H out their company...and they then dump their shares after the interest is generated.
these companies do everything for the media including preparing the script that they are supposed to use....you can spot these easily if you are looking for them as the same message, word-for-word is announced by different media companies.
2. You may be picking a rocket of a stock....a Pump and Dump but you have no way to recognize them for what they are and you get suckered into buying at the top.
To stay on top of stocks....pick a sector/industry ....something you like...read trade magazines (not media rags) to understand the industry and its problems/successes. Learn how to read a financial report and its fundamental ratios (Fundamental Analysis)...learn how to read charts (Technical Analysis)
If this sounds like a lot of work....yep it is if you want to do it properly....but it is a lot more fun than pouring money into the pockets of others.
Maybe you could try to invest in index funds instead of specific stocks. You can more or less avoid the roller coaster with index funds.
Just go to vanguard and choose index funds. It will be your best move. Total stock matket, total international. Reinvest dividends. Done
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Yes, it's hard.
I have tried a few times to get ahead with stocks and lost a lot rather quickly. I do well at getting my account up in value but after picking a wrong stock that goes down big I fail. Sometimes stocks are on a great roll and seem like the perfect buy but end up losing quickly. Is it considered to be hard to keep up with stocks or is it just not fit for me?
