Investments Stocks
February 20th, 2010
Question: If you have different investments, or stocks, do you have to monitor them every day?
Answer: Everybody has different goals and objectives. For some, it’s buy and hold and pray, although this method is not working presently. For others, it’s buy and make a few percent in a month or less and find something better. You have to determine how determined you are.
For me, I spend a few minutes on each stock I own every day. I try to keep the number between 5 and 8. I take a peek at the charts, price – volume, macd – stochastics to make sure that no major changes have occured and set tight trailing stops after the initial advance. The key is picking great stocks with great fundamentals in great sectors that have taken a momentary dip. Also it’s good to monitor the daily news on each stock you own. Keep an eye on when the earnings reports are due. While doing this, I keep my eye out for future prospects. Telechart has been a big time saver in this regard.
For funds, it’s a good idea to look at the 20, 50, and 200 d moving average charts about once a month or so.
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