By Mark Buffet
Every one wants to make lot of money on stock market, but it’s really hard to predict future. When the market opens, hundreds of people are seen fast moving about shouting and gesticulating to one another, staring at monitors, and entering data into terminals, or busy on cell-phones on the exchange floor. It looks like a complete fiasco. However, by the time the end of the day approaches, the market has worked out all the trades, and is all set for the next day.
There are many ways to improve your “game”. You can shop for undervalued companies, find stocks that have price-earnings ratios significantly lower than those of their peer group, watch for bad news. Wall Street often overreacts to bad news such as missed earnings, which will drive a stock lower than it should go. Pick the jockey, not the horse. Find out who is running the company and where the executives worked previously. Look for strong balance sheets. Companies with low debt loads, positive cash flow and consistently good earnings are good prospects. Check out the portfolios of successful mutual-fund companies. If they are getting great returns year after year, they are holding stocks you might want to buy. Know when to cut your losses. You want to invest for the long term, but you don't want to stick with a consistent loser. Work hard. Do research. Read financial news. Study quarterly and annual reports as well as registration statements, looking for trends and opportunities. Grill your broker. If the broker is recommending XYZ stock, ask for a detailed explanation, with an eye to growth prospects and historical performance.
There are many tools on internet which can help you . One of them is
http://www.stockcharts.com it’s a good site where you can find updated stock charts with many indicators. It’s totally free and website has a nice clean interface.
If you are interested in commodity charts you should visit http://futures.tradingcharts.com
It’s free and has all commodity charts. You can view them in java applet or as graphic charts. Remember commodities controls market too it’s important to know what’s going on there too.
There is another very good site called http://www.TheBluePortfolio.com which has top ten best stocks for your portfolio every day. I love this site because it helps me save a lot of time on research and they have portfolio which I can trust, beside its totally free. The idea of the site it’s simple and brilliant. Every member of TheBluePortfolio.com site has private portfolio with only one stock in it. He tries to make the most of it. He can sell or buy stocks on daily basic. Than theblueportfolio.com create "Blue Portfolio" based on advanced average from all portfolios from all “Blue Members". The "Blue Member" is a member it top 20% of all members with the of the most effective portfolios. Access to the ”Blue Portfolio" have only "Blue Members" and this is the reason why people try their best to become “Blue Member” and they concentrate only on one stock instead of all stocks in their portfolio .
For real-time news I go to http://finance.yahoo.com. At Yahoo! Finance up to date news from many sources and also you have stock quotes and you can use nice portfolio management application.
Next good site is http://www.whispernumber.com. It is an independent financial research firm that collects sentiment and market expectations from the investment public. The "whisper number" found on WhisperNumber.com is derived from an average of individual investors' expectations regarding earnings for the most recent quarter. The whisper number is available to the general public and is considered an alternative to analyst estimates (or consensus numbers) for quarterly earnings. The company also gathers whisper numbers for monthly economic expectations data from investors, and publishes market sentiment data on US & Global Stock Markets, bonds, sectors, ETF's, currencies, and all major commodities in the metals, energy, and agricultural groups.
And you can also check http://briefing.com/ They provide live analysis of important news events of the day, with insight on what they mean for the market or individual securities. Most research and analysis currently available to investors is produced by investment banking firms, which have an inherent conflict of interest. These firms are often referred to as "sell-side" for the simple reason that they profit from the sales of securities. Clearly, it's difficult to offer objective analysis of stocks when your company's profits are based on the sales of these same stocks. Briefing.com does not take any market positions and makes no money through financial market transactions it has an objective and unbiased approach to its analysis
I hope that those sites will help you a lot. So don’t waste time ! Start making big money !