{"id":223,"date":"2020-10-07T10:13:27","date_gmt":"2020-10-07T10:13:27","guid":{"rendered":"https:\/\/stockmarketglory.com\/?p=223"},"modified":"2020-10-07T10:28:02","modified_gmt":"2020-10-07T10:28:02","slug":"how-to-choose-correctly-from-an-excellent-variety-of-stock","status":"publish","type":"post","link":"https:\/\/stockmarketglory.com\/how-to-choose-correctly-from-an-excellent-variety-of-stock\/","title":{"rendered":"How to choose correctly from an excellent variety of stocks?"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/stockmarketglory.com\/wp-content\/uploads\/2020\/10\/00-banner.jpg\" sizes=\"(max-width: 638px) 100vw, 638px\" srcset=\"https:\/\/i2.wp.com\/stockmarketglory.com\/wp-content\/uploads\/2020\/10\/00-banner.jpg?w=638&amp;ssl=1 638w, https:\/\/i2.wp.com\/stockmarketglory.com\/wp-content\/uploads\/2020\/10\/00-banner.jpg?resize=300%2C199&amp;ssl=1 300w\" alt=\"stock market sensex djia sensex today dow jones today dow jones industrial average nifty share price dow jones index dow futures bse sensex bank nifty dow jones live sbi share price hang seng index sgx nifty stock futures stock market today dax moneycontrol bse sensex today dax index nifty today nse nifty bhel share price dow jones futures kospi moneycontrol share market stock market news hpcl share price nasdaq 100 djia today biocon share price dow today sensex share price sensex moneycontrol dow jones industrial sensex index sgx nifty live nikkei 225 shanghai index hang seng moneycontrol bse sensex stocks sensex today live dow jones average kospi index nikkei index djia futures us stock market bse live sbi bank share price stock market futures dow jones stock bse index havells share price stock market live shanghai composite nse live dow jones moneycontrol dow jones live update nifty live bank nifty live dow jones historical data dow jones industrial average stocks mcx share price stock quotes nasdaq today exide share price dow futures live msft stock price nasdaq futures stocks today stock exchange bombay stock exchange bank nifty share dow jones industrial average today share market today nifty 50 share price bank nifty today us stock futures cadila share price bharat forge share price sbi share price nse heng seng index latest share price share market live nse sensex nifty share asian stock market stock news karachi stock exchange dow jones now dax share bazar sensex share bazar nifty index dow stock market havells share shanghai composite index nasdaq live nifty sensex dow jones index live sensex historical data\" width=\"638\" height=\"424\" \/><\/p>\n<h2>How to choose correctly from an excellent variety of stocks?<\/h2>\n<p>Which stock you are going to choose is based on several decisions. Some factors can determine your ability to pick the right stock, for instance, your level of experience to how much capital you have are all the determinants of helping you to pick a stock.<\/p>\n<p>Whether you are trying your luck on day trading or going for the short-term processes like swing trading, position trading, and even investing, your criteria should be planned down well. Before you know which stock to pick for yourself, it is important to keep a note which can help you to have a glimpse properly.<\/p>\n<h2>Pointers to understand before you pick your stock:<\/h2>\n<ul>\n<li>Know your level of risk. Don&#8217;t undermine the market and choose something which can be a faulty investment for your future.<\/li>\n<li>Always plan and note down the pros and cons of various stocks. Compare one with the other to understand the benefits.<\/li>\n<li>Start by picking one stock at a time. Don&#8217;t rush and pick 3-4 stocks. It can bear heavily on you. Picking up one stock will give you enough time to analyze.<\/li>\n<li>Use all the trading charts to understand stock valuation. Keep an eye for future updates.<\/li>\n<li>Finally, be happy with your result!<\/li>\n<\/ul>\n<h2>Golden rules to follow before picking your stock<\/h2>\n<p><strong>Golden rules to follow before picking your stock<\/strong><\/p>\n<ol>\n<li><strong>Determine your goals<\/strong><\/li>\n<\/ol>\n<p>Before you start picking, you need to determine the goal you have in your mind. The first step to stock picking is to invest some ideas and determine the actual value of your proposition.<\/p>\n<p>Every stock investor has different ideals while picking the right kind of stock for themselves. You have to determine the value and your purpose, like the idea of generating more income or to invest more in the future.<\/p>\n<ol start=\"2\">\n<li><strong>Invest in companies that are dominating the industry<\/strong><\/li>\n<\/ol>\n<p>This is another rule while picking your stocks.<\/p>\n<p>Have you ever noticed that the same name of companies keeps on appearing on different portfolios? Or have you noticed the same companies advertising their market, often?<\/p>\n<p>Big tech companies and their brand names are evergreens. The reason why their name comes up, again and again, is because all the mere investors manage to gather their information from the same source. It is also because these big tech companies dominate the industries. If you invest your time and value here, you can get a worthwhile return in the future.<\/p>\n<ol start=\"3\">\n<li><strong>Picking stocks that match your personality<\/strong><\/li>\n<\/ol>\n<p>This might sound uncanny but you can completely choose stocks that match your personality.<\/p>\n<p>Are you the laid back genius who wants to sit in his home and enjoy the fruits of his action? Or are you the tech-savvy nerd who surfs all day on his internet? These stocks are categorized into various dispositions which can help you to pick the best. If you are a fast learner, want to invest in something for a shorter period of time then scalping is the best way to a valuable investment for you.<\/p>\n<ol start=\"4\">\n<li><strong>Try to keep it simple<\/strong><\/li>\n<\/ol>\n<p>Keeping it simple is key to picking stocks! Keep it simple, don&#8217;t over-complicate!<\/p>\n<p>Whatever stock you want to pick, either long or short term, start by investing in one stock at a time. If you pick out 4 stocks, it might be a heavy burden for you to keep a proper track. Depending on each stock and their distinctive personalities, most stocks won\u2019t suit you.<\/p>\n<p>Focus on stocks that are flexible and merge with your trading plan. You might determine your mind to choose a stock but then it might not correlate with your plan.<\/p>\n<p><strong>Summary before you forget!<\/strong><\/p>\n<ul>\n<li>How many stocks to pick at a time? One stock at a time.<\/li>\n<li>Should you invest in something heavy being a first-time investor? You should never invest in something complicated investing for the first time.<\/li>\n<li>You can try to pick out an average 30-day volume of 1-2 million shares<\/li>\n<li>Biotech stocks are not advised for first-time investors. They contain high volatility rates.<\/li>\n<li>Make a plan for your stocks and list and find out the best investment option for you.<\/li>\n<li>Follow the S&amp;P rules before picking out stock.<\/li>\n<\/ul>\n<p><strong>Conclusion<\/strong><\/p>\n<p>Picking out a preferred stock is never a child\u2019s play. There are a ton of determinants to understand before you pick out the right stock. Once you have started trading, it can help you to manage the basics and from next time, you don&#8217;t have to think much before investing right into it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to choose correctly from an excellent variety of stocks? Which stock you are going to choose is based on several decisions. Some factors can determine your ability to pick the right stock, for instance, your level of experience to how much capital you have are all the determinants of helping you to pick a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,6],"tags":[17,16],"_links":{"self":[{"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/posts\/223"}],"collection":[{"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/comments?post=223"}],"version-history":[{"count":6,"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/posts\/223\/revisions"}],"predecessor-version":[{"id":230,"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/posts\/223\/revisions\/230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/media\/225"}],"wp:attachment":[{"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/media?parent=223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/categories?post=223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockmarketglory.com\/wp-json\/wp\/v2\/tags?post=223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}