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Beginner investing in stock market – Update!

Posted Monday, October 29, 2007 by momscashblog | No comments yet

Watch My Stocks

Here is a photo of the stocks I bought last Friday! Tomorrow should be my 2nd exciting day on the stock market. Friday was awesome, two of the stocks I bought each had a 12% gain at the end of the day which was SO unexpected. However, it made me very happy that I had made the choice to try stocks. Serious people, I don’t think stocks have to be so confusing or hard. I am not a rocket scientist BUT I am very good when it comes to knowing certain topics and that was my tactic here. I invested into companies I believed in. I read their profiles, checked out their websites, read recent press releases and figured out what their future plan were to grow and BOOM that is where I decided to invest in these four companies pictured here to the left. That is an actual photo from my Scottstrade account I set up. Now as you can see (my lovely handwriting in blue) I ONLY have $387.20 invested so far. I deposited $500 into my account so I can still buy another stock if I want. I have a little dough left in there. Everytime I buy or sell a stock though, it costs $7 per trade. So you have to be careful not to waste money constantly buying/selling too much. Now if you make a huge break, sel, sell, sell obviously. Run with the profits…but if your stock has a bad day, don’t give up yet. For instance my UBET stock I bought as a HIGH RISK stock because it is down. My hopes are that it will go back up, well if it does YEAH for me and my wallet, but if it doesn’t I ONLY have $50 invested in it. That isn’t too much to lose if all goes bad. They are to announe their 3rd quarter earnings soon, and I hope that day will be good news for that petcular stock. Anyways, my other stocks ROCK…I would HIGHLY suggest anyone interested to look into this LLNW (Limelight Networks) stock/company. They have big plans and are linked to hundreds of A lister companies such as Myspace, Facebook, Metacafe, Microsoft & Amazon. The list goes on. Check them out. I made a total of about $28 just on Friday. Yeah that isn’t a lot but it’s pretty much free money and great profit for such a low investment  as mine. Stay tuned. So far my gain is $28 – what will tomorrow bring in?


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