Ladies and Gentlemen, Boys and Girls. Welcome guest this is has long been anticipated but here it is the famous Stock Market Guide, by yours truly Nick :)
During this guide you will recieve valuable tips on how to make lots and lots of neopoints using the Stock Market, and also have a chance to see my stocks, So sit back, relax and be prepared to make lots of neopoints!
So first things first, even in real life it takes money to earn money, so really if your not prepared to spend about 15k a day on stocks i would really suggest finding another way to earn neopoints.
Couple tips
1. Yes the stock market is random, and is NOT based off how many people buy a certain stock, so you wont be able to predict which stocks will rise.
2. Patience is necessary as these stocks will not rise overnight.
3. The best way to get the most of your neopoints is to buy the maximum number of stocks each day which is 1000. I would suggest doing this for a week straight for a total of 7000 stocks.
4. The lowest your allowed to purchase stocks for is 15nps a piece, I would suggest not paying more than 17 np a piece for your stocks as it will cost too much a day to buy.
5. Try placing your stocks in a couple different companies, because companies have gone bankrupt before, but that has only happened 5 times in the history of neopets so its not a common thing to experience.
6. Check your stocks at least twice a day, even if its only for 2 seconds, as stocks update SEVERAL times a day. You may check once to see your stocks down a couple points, but only to see if you checked again later on that it has risen 7 points, so check often.
So this is my portfolio, and as you can see I have my neopoints invested in more than a couple companies. On your portfolio page, there is some key information that you should pay attention to.
Your Overall % Change, will tell you everything you need to know about your stock without even looking at any other numbers. This is the number that will give you a good indication on when to sell your stocks. For beginners i suggest selling your stocks at around 100%. But the real advice is to sell your stocks when your comfortable selling them. I let one stock inflate to over 200% before i sold it.
Everything under the today column you will want to take a look at as well, it will let you know how your stock started the day, and how much it is worth at this precise moment. it also gives you the overall change for your stock for the day.
If your one to like to see hard numbers then you can look at the rest of the information on the page. It will let you know how much of stock of a certain company you have, How much you paid for that stock, and how much that stock is worth if you sold it right now.
This is easily the most important page in the market. All the valuable information that you need on which stocks to buy and not to buy can be obtained on this very page.
The all important Stock Market Ticker, located at the top of every page associated with the Stock Market. It gives you a list of every Company and much their stock is worth.
example: MPC 51 +9
So this gives you the abbreviated company name, how much its worth right now, and the number of points it has gone up or down during the day. The ticker is a quick way of seeing which companies may be worth investing in.
Now the List itself gives you a bit more detail then the Ticker does. The most important detail is the Volume. the volume is the sum of the amount of stock bought and sold for that particular company. When stocks are low you will get a good indication of how many people are buying stocks because nobody sells low stocks. Its believed that the higher the volume is for a company the more activity that company gets but as the market is random its hard to tell.
You will want to take note of some stocks that catch your eye... almost like a watch list. Stocks that are in the single digits are the ones you will want to put on your watch list. Wait for these to rise to 15 np mark and buy buy buy. These stocks have already low peaked and are now on the rise, and are probably the best stocks to invest in. Dont be surprised after you have purchased them if they take a small dip again, It should be only temporary and it will give you another opportunity to buy them at the 15 np mark.
As this is the first guide i have ever written there probably will be some gaps that i have missed so if you have any questions, feel free to neomail me and i will update it with your questions so that everybody will have the knowledge :)
Remember to buy low and sell and high and you will be fine in the world of stocks. Well Happy buying everybody!
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