How to Invest in the Stock Market?

by tieucongtu

The Stock Market is often portrayed as a gambling place where you can win or lose it all. I completely disagree. With some experience, I think we can predict the rise and fall of the stock market. In this article, I'll tell you some of the tricks I learned. I started investing in stocks about 3 months ago with about 50,000 NP in my bank. At that time, I had no idea how much that amount would give back overtime. Today, as I'm writing this article, I own more than 25 million Neopoints. Furthermore, that amount seems to double every week. Maybe by the time you read this, I'll have more than 50 million instead. All 4 of my pets are well-fed and well-prepared for the Battle Dome. Because of the Stock Market, I'll never have to worry about money again. I believe that everyone can also do the same, with a little patient and determination. Yup, those are important skills to become rich... Before you invest, you should tell yourself 2 things: don't be too greedy and be patient. Got it? Good!

Now we can start...

1. Unlike other games in NeoPets, the Stock Market requires you to have Neopoints to make Neopoints. I don't recommend making any investment that is less than 50,000 NP Don't invest everything you got because if you happen to lose it, you'll lose everything.

2. Now you got the money, what should you do next? Even before putting a dime into investment, you should watch the market for a couple of days to see how it is doing. If the market is dropping, pay close attention to it because it is usually best to start when it goes back up. If the market is doing well, you should consider buying right away while the price is still cheap. This is probably the hardest step and may require some practice. Normally, the weekend is the time when stock prices skyrocket and Thursday and Friday are the time when they drop.

3. Your next step is to pick a stock. Not just any stock will do, you must pick the right stock at the right time. Don't go for those small stocks because they fluctuate frequently and never give big profit. These stocks are normally owned by the poor and people will start selling them once they make a few thousands Neopoints of profit. Selling like that would cause a crisis and cause others to nervously dump their shares in fear of losing money. What you want is something more stable. I strongly recommend stocks that are in the 5000 NP/share to 15,000 NP/share. Those go up very quickly and rarely go down. You may think that is too high for a stock but believe me, it is worth it. Once you have invested, keep a close eye on your money.

4. You should start thinking about selling once the value of your share reaches about 30,000 NP/share or whenever you strongly sense a crash in value. I don't usually sell them until they get up to about 50,000 NP/share. This is really your decision but keep in mind not to be too greedy.

Repeat this process for a few more times and you should be a millionaire soon. Don't forget to share your profit with the poor people of NeoPets. You never lose if you give.

Note: This is just from my own experience. Follow it at your own risk!