caesar Posted April 7, 2009 Share Posted April 7, 2009 So, I bought a few random stocks a month ago, just to try it out, and so far I've lost and gained within a margin of ~400 Neopoints (I spent 950, as I was just testing it out, not really planning on making anything). Is there any rhyme or reason to how the stock market works? Has anyone else been successful with it? I mean, neopets is really just all code, so there has to be some sort of algorithm, hahaha, right? I saw one person spent five years figuring out turmaculus, how awesome would it be if there was an equivalent guide for the stock market! I told myself *I* would be the person to figure it out, I created an excel spreadsheet and everything, and then two days later I realized I'd forgotten to take any data. My dreams of being the stock market savior were dashed at that point >.> Quote Link to comment Share on other sites More sharing options...
Unstream Posted April 7, 2009 Share Posted April 7, 2009 Well, the Stock Market is very good for making NPs. I've been really successful with it before. Here are three secrets: 1. Patience 2. Patience 3. Oh, did I mention patience? It really does take quite a while for your stocks to rise. Don't expect any large gain quickly. Eventually, though, they'll reach a selling point. Another strategy I use would be buying POWR when it's under 110. It's one of those stocks to fluctuate a lot. Be sure to buy 1000 stocks (so about 100k worth of stocks), and you just have to catch it at one of it's high points. It should hit at least 130+ relatively soon (probably under a month), and then there's like 30k profit right there. Quote Link to comment Share on other sites More sharing options...
Mimii Posted April 7, 2009 Share Posted April 7, 2009 I bought some stock once about 2 years ago. I am still sitting on it and it is still lower than when I purchased it. I've had it up to here with patience! XD I'm horrible at the stock market anyway though. Quote Link to comment Share on other sites More sharing options...
Unstream Posted April 7, 2009 Share Posted April 7, 2009 Haha seems you got a bit of bad luck there unfortunately. Oh yeah, I forgot to mention, but you normally want to buy in the 15-17 range, unless you're planning to do what I explained in my earlier post about investing in POWR. And if you want to view past trends, look here: http://www.neodaq.info/ Quote Link to comment Share on other sites More sharing options...
caesar Posted April 8, 2009 Author Share Posted April 8, 2009 Haha seems you got a bit of bad luck there unfortunately.Oh yeah, I forgot to mention, but you normally want to buy in the 15-17 range, unless you're planning to do what I explained in my earlier post about investing in POWR. And if you want to view past trends, look here: http://www.neodaq.info/ Ahh! That link is actually exactly what I was looking for! and I'll probably try investing in POWR, that seems pretty lucrative, even if I do have to be patient. grr... *is very impatient* Quote Link to comment Share on other sites More sharing options...
Unstream Posted April 8, 2009 Share Posted April 8, 2009 An example of the POWR thing is that I just bought earlier this week 1000 of those stocks at 99/stock. Now it's in the 120s, which means nearly a 30k profit! I'm gonna be waiting though, hoping that it hits the 140s later this week. Quote Link to comment Share on other sites More sharing options...
Mr. Sirius Posted April 8, 2009 Share Posted April 8, 2009 I'm not going to list any of my numbers, but... How long should I wait before I stop putting money into the stock market? Around 50,000 shares? 100,000 shares? Quote Link to comment Share on other sites More sharing options...
Hubert Posted April 9, 2009 Share Posted April 9, 2009 My suggestion is that you just keep building up the stock market until you got a huge, self-supporting, market. In my case, I have a stock market that's currently on 90K shares (I know that it isn't much, but it's enough for me) and I'm still buying stocks. You just buy shares until you don't have any more money or until you just don't want to. Quote Link to comment Share on other sites More sharing options...
srahski Posted April 9, 2009 Share Posted April 9, 2009 It's realllllllly easy if you forget you've got stocks and never check them. I have about 900,000nps worth at the moment and their prices just go up and down and I don't really notice. I always buy my stocks at 15np (the minimum) and depending on my mood I'll sell them at 100% (but very rarely), I usually hold out for them to hit 200% or 300%. Saying that, I do have a lot right now that are quiteeeeeee low, and it's annoying, but I don't really keep track, I know that if I sold my stocks now that I'd still come out in front. Quote Link to comment Share on other sites More sharing options...
lazycrazykitten Posted April 9, 2009 Share Posted April 9, 2009 Yeah it all depends on how much you have and at what price you buy it at. I know when I was first investing I would buy like 15 shares, which won't get too much profit after they charge you the 20NP fee when you sell it. Ususally I will buy any stock if its at 15 NP a share, unless it's POWR, which can get pretty expensive, though it will earn you quite a profit if you invest in it at the right time. ^_^ Quote Link to comment Share on other sites More sharing options...
Deepti M. Posted April 10, 2009 Share Posted April 10, 2009 So basically, POWR is the one to get right? Quote Link to comment Share on other sites More sharing options...
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