I have been asking around and many people tell me that they pick stocks according to what looks good or they go with the herd. I have my stock sectors picked out way before the stocks pop. This week I bought oil stocks on Monday before oil stocks perked up. I am anticipating that cannabis stocks will pick up soon. I think you have to be aware of the situation in the industry before you invest to get the most out of your investment.
Before I invest, I make myself aware of of what is happening in the company and the industry. The first and most basic is checking the 20, 50 and 200 day moving averages of the stock. Check out to see what the possible logical gains and losses of the stock can be so that your expectations are not too great. Then I do at least the basic technical analysis of RSI, MACD, Stockastics, Bollinger Band and Vwap. There are other methods, but if you complicate matter you will be getting conflicting signals.
How do you pick your stocks to invest in?
Before I invest, I make myself aware of of what is happening in the company and the industry. The first and most basic is checking the 20, 50 and 200 day moving averages of the stock. Check out to see what the possible logical gains and losses of the stock can be so that your expectations are not too great. Then I do at least the basic technical analysis of RSI, MACD, Stockastics, Bollinger Band and Vwap. There are other methods, but if you complicate matter you will be getting conflicting signals.
How do you pick your stocks to invest in?
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