jellysundae Posted February 8, 2015 Share Posted February 8, 2015 So after you guys said that's a good way to make more NP, I took the plunge and bought some stock! I bought 1k of Meridell Potato Company shares as they were 15NP each (plus, potatoes <3) now I bite my nails wondering about when I'm going to give in and sell them xD They're currently at 19NP each. To be honest I'd happily just leave them and learn how much the prices can swing, but I'd also rather do that once I'm more solvent and can leave various stocks to fluctuate without wishing for the cash. Tell me your stock market stories? =3 Quote Link to comment Share on other sites More sharing options...
Kute Posted February 8, 2015 Share Posted February 8, 2015 You probably read a lot of stuff about stock market but just to clarify...... Youre suppose to buy low sell high. Obviously. The lowest you can buy is at 15NP a share. You can only buy 1000 shares a day, and yes you'll want to buy all 1000 or its a waste. SO thats 15 X 1000 = 15,000NP a day. if there is no 15s for the day try 16 or 17..... if you absolutely have to. But i refuse to buy higher than 16 - thats just me. If you can't find any at 15 or 16 try back later. They can change. If you buy at 16, 17, 18, 19 youre obviously spending more np. remember 1000 times X. The reason people want to buy low is because they'll get the most out of their investment if the stock goes over 60. Which is the number MOST people sell at. I sell at 60. sometimes i'll wait and see what it does every half our or so. sometimes it rises - sometimes it will fall. This could also happen over a period of a few days. Thats when you're taking a gamble. It is up to you to decided "am i going to wait for it to maybe go higher to make a little more? or be safe and collect my 60 shares before they fall again...?" some people hold out for higher. some who dont have a lot of np sell lower. Its really up to you. For beginners a good method would be 15/30 the plan is for 45 days buy shares every day. During this time i found it difficult to get to 45 days as some stocks went up and i was desperate for the NP. Thats okay. I wouldnt want you to miss out on good money just to honor getting to 45 days. Then the plan is to sell anything that hits over 30 shares, and then use that money to buy more shares. Its like a circle of money. Always working to get you more stocks. That way you hopefully wont have to strain yourself with games all day just to ear you enough to buy 1,000 shares. Some things that should be obvious: put all 1,000 shares into 1 stock. don't buy 100here 500 there... just 1 stock. its okay to place your np in the same stock - as thats how later you'll make the big NP but try to diversify and buy many different companies, so you'll be able to make money quicker. buy stock EVERY DAY. dont miss a day. After you feel comfortable with making NP off the stock market- choose a selling point and try to stick by it. Like i said mine is 60. I dont wait around to see what it does, as soon as it hits that mark i sell. Sometimes I'll check and it will be higher- i sell right away. It could take a whole year for your stocks to reach 60. It is indeed a long term investment. But i assure you the payout is worth it. You do nothing. and win lots. Angeló and siniri 2 Quote Link to comment Share on other sites More sharing options...
jellysundae Posted February 8, 2015 Author Share Posted February 8, 2015 Wow, what a lot of useful info, thanks! Looks like I started off right then, that's a relief :D I'm intending to buy another 1k today, I'll try for a different type of share if I can get some for 15NP =3 This is gonna be quite a learning curve! Quote Link to comment Share on other sites More sharing options...
Jaavje Posted February 8, 2015 Share Posted February 8, 2015 Kute already explained most of it. I'ld just like to add that when I sell the stocks (my selling point is also around 60) I normally don't sell all my stocks of that company. I keep a few in case the stocks rise even more :D. There are different strategies while buying stocks. Some people like to buy a lot of stocks of the same companies. Personally I like to diversify my portfolio. It really is a waiting game, but if you check back regularly it's certainly worth it. The drawback is that, like with bank interest, you have to check regularly or you might miss a high selling point. The neo Stocks board mostly has a few posts about the stocks that are rising at the moment. Kute 1 Quote Link to comment Share on other sites More sharing options...
jellysundae Posted February 8, 2015 Author Share Posted February 8, 2015 I'm getting into the habit of checking when I do my dailies, so hopefully I won't miss too much :D Kute 1 Quote Link to comment Share on other sites More sharing options...
Kute Posted February 8, 2015 Share Posted February 8, 2015 thats what i do. check after i buy my shares. Also, if youre a premium member your stock numbers are posted on the premium bar. If its an unusually high percentage like 25%+ ill check to see whats going on. Good luck :) Quote Link to comment Share on other sites More sharing options...
jellysundae Posted February 8, 2015 Author Share Posted February 8, 2015 Thanks! I'm not a premium member, but I think I'll do ok remembering to check with the dailies, though I don't do much else on that section; only Turmy and the Symol Hole. I did stop bothering with those, then went back to doing them sporadically. I just need to get into the habit of not scooting past that part <.< >.> Quote Link to comment Share on other sites More sharing options...
cosmic_autumn Posted February 8, 2015 Share Posted February 8, 2015 thats what i do. check after i buy my shares. Also, if youre a premium member your stock numbers are posted on the premium bar. If its an unusually high percentage like 25%+ ill check to see whats going on. Good luck :) Wow! Suddenly I'm very interested in getting a premium account… :D Quote Link to comment Share on other sites More sharing options...
Jaavje Posted February 8, 2015 Share Posted February 8, 2015 The premium bar does have it advantages! You made me suddenly realise I actually use it for my stocks as wel :P. But my favorite part is still the SSW. Quote Link to comment Share on other sites More sharing options...
cosmic_autumn Posted February 8, 2015 Share Posted February 8, 2015 The premium bar does have it advantages! You made me suddenly realise I actually use it for my stocks as wel :P. But my favorite part is still the SSW. The SSW is the number 1 reason why I want it. But knowing that it has the stocks displayed on the top is now an even greater incentive to get it. I'm seriously considering getting it once the lag problem is fixed! Quote Link to comment Share on other sites More sharing options...
Kute Posted February 8, 2015 Share Posted February 8, 2015 This is what it looks like- shows stock, whats in your bank, whats in your shop til, and then your total. your total only includes bank shop and whats on hand. not stock. Quote Link to comment Share on other sites More sharing options...
pulpfreeoj Posted February 9, 2015 Share Posted February 9, 2015 Hm, I think I'm also going to take the plunge into stocks. I gotta find something else besides the habitarium to make money, since restocking is totally abhorrent to me and impossible with my internet anyway. Kute 1 Quote Link to comment Share on other sites More sharing options...
jellysundae Posted February 18, 2015 Author Share Posted February 18, 2015 Ok, today I'm wanting to sell some stocks xD Will I hold on and hope they rise higher, or will I give in and sell :O I wonder which I'll end up doing <.< >.> Quote Link to comment Share on other sites More sharing options...
Oravay Posted February 18, 2015 Share Posted February 18, 2015 I don't really have anything to teach you about stock market that hasn't been mentioned here. But how I got rid of the urge to sell my stocks the first time they raise a bit, was to think the stock market as a second bank account. If I could, I'd put all my nps on the stock market. Quote Link to comment Share on other sites More sharing options...
jellysundae Posted February 18, 2015 Author Share Posted February 18, 2015 They've dropped by 2 points since I posted that xD I think I'll resist selling though, it's fun to just watch the changes! Quote Link to comment Share on other sites More sharing options...
Jaavje Posted February 18, 2015 Share Posted February 18, 2015 I would suggest resisting the urge and wait till they are at least worth 60 :). Quote Link to comment Share on other sites More sharing options...
jellysundae Posted February 18, 2015 Author Share Posted February 18, 2015 Yeah, I'm holding out because people have mentioned 60 as a good selling point :yes: It's been interesting watching it go up and down today, swinging between 49 and 53 and back again. Quote Link to comment Share on other sites More sharing options...
Jaavje Posted February 19, 2015 Share Posted February 19, 2015 Haha, I remember it took a really long time for my first stocks to go above 60 ;). At the moment there seem to be a lot stocks in the 45-60 range for me though, none above 60 at the moment :(. Quote Link to comment Share on other sites More sharing options...
jellysundae Posted February 19, 2015 Author Share Posted February 19, 2015 Is there an upper limit that stocks can reach? Looking at the stock market page common sense says it would be 9999 as there's no room in the table for a 5 figure number >< But in general? You guys have this figure of 60 floating about, is that area the highest they can normally be expected to reach? Does anyone actually buy Virtupets shares? xD The volume figure for those says 31 so I guess not many feel like splashing out on 'em! Quote Link to comment Share on other sites More sharing options...
Jaavje Posted February 19, 2015 Share Posted February 19, 2015 I don't really know if there is an upper limit, but I have found through my experience that most of my stocks tend to have a maximum value around the 60 before they fall again. It is of course possible to have a much higher value since there are also some stocks with a value of hundreds, but I think that is very rare. There are usually only a couple of stocks that high. The volume is just the stocks sold this day, so yes, people do buy the Virtupets share. I doubt a lot of people will at the moment though, since they are so expensive. :) Quote Link to comment Share on other sites More sharing options...
jellysundae Posted February 19, 2015 Author Share Posted February 19, 2015 Oh right! I took a guess at volume being amount in circulation. Would be interesting if the total number held was shown somewhere. But then again that would be a false figure wouldn't it, because a massive amount of them will be on inactive accounts, hmm. Quote Link to comment Share on other sites More sharing options...
Jaavje Posted February 19, 2015 Share Posted February 19, 2015 It would be interesting. Especially to see the amount of stocks being sold when the value reaches a certain point. Quote Link to comment Share on other sites More sharing options...
jellysundae Posted February 19, 2015 Author Share Posted February 19, 2015 Maybe Jumpstart will add something along those lines if/when they get around to updating the stock market :D It is an area of Neo that's woefully in need of a spruce up. Quote Link to comment Share on other sites More sharing options...
Jaavje Posted February 19, 2015 Share Posted February 19, 2015 Hmm, I wouldn't count on it, but you can always suggest it in the editorial? :) At least the stock market is still functioning more or less like it should (unlike some other places around Neopia...). Quote Link to comment Share on other sites More sharing options...
Marae19 Posted February 19, 2015 Share Posted February 19, 2015 I honestly had no idea it could rise to sixty. I'm sure I'll be waiting a lot more now. I usually waited for twenty, sometimes twentyfive. I should have read this before... Quote Link to comment Share on other sites More sharing options...
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