35 replies to this topic

[Mishelle]

So I just started playing the stock market, safe to say I have no clue what I'm doing. How do you know which stocks to invest in, how many shares to buy? So for all you stock market players out there, any tips?

[Foe]

http://www.neodaq.info/

Its a pretty helpful site. I used it before I cbf'd with the stock market. Might start back up for the avatar though .

[flashraven]

NP stocks market =/= Real Life stocks because each of those stocks has no history behind them for analysis so basically you just have to buy randomly There's a few things to note though:

1. Opening price is the value of stock when NP hits another day at 00:00
2. The indexes and values of stocks will fluctuate every hour e.g. +1 or -1
3. You can only buy stocks above 15 NP
4. Only buy stocks when their current price is at 15-17 NP to achieve maximum profit in the event that the value skyrockets overnight
5. Maximum no. of shares you can buy every day is 1000.

[Risey]

There's really no best stock to buy. Buy any stock, ONLY when it's at 15. There should almost always be a stock at 15, but if there isn't, just try again at the half hour (when the stocks update). Buy 1000 shares of 1 stock a day (1000 is the max)...this comes out to 15k a day. And try to buy as many different stocks as you can to get a more varied portfolio.

Pick a point to sell at, and then only sell when the stocks reach that number. For me, it's 60. Buy at 15, sell at 60. Easy as that. You should always invest 15k in stocks a day. It's one of the best ways to make NP, especially since that money would probably just be sitting in your bank anyway. Good luck.

Edited by Risey, 06 October 2010 - 03:15 PM.

[Warriors]

There's really no best stock to buy. Buy any stock, ONLY when it's at 15. There should almost always be a stock at 15, but if there isn't, just try again at the half hour (when the stocks update). Buy 1000 shares of 1 stock a day (1000 is the max)...this comes out to 15k a day. And try to buy as many different stocks as you can to get a more varied portfolio.

Pick a point to sell at, and then only sell when the stocks reach that number. For me, it's 60. Buy at 15, sell at 60. Easy as that. You should always invest 15k in stocks a day. It's one of the best ways to make NP, especially since that money would probably just be sitting in your bank anyway. Good luck.

This..I just buy at 15 or 16 and let them sit there and accumulate...my sell point is at a 100 but at 60 is a nice profit. Always invest 1,000 shares or 15K each day...well worth it..

[Mishelle]

Thanks for the tips guys hopefully I'll be able to get the avatar and make a profit off this

[gemificus]

so when it says 15+1 we are waiting for the +1 to be at +60? how long would that usually take?

[Waser Lave]

so when it says 15+1 we are waiting for the +1 to be at +60? how long would that usually take?

No, the +1 is the change in price since the start of the day. You want the Current Price to be at a certain number to sell (a lot of people choose 60 but it's up to you).

[gemificus]

ahh right ok so when the 15 changes to the price i want that when i sell, i get it now thanks

[Risey]

Thanks for the tips guys hopefully I'll be able to get the avatar and make a profit off this

No problem. It takes patience to make a profit, but once your portfolio has grown a bit, there's usually something to sell pretty often. You have to check the Neodaq page a lot, especially if there's a stock getting closer to your sell point, but it's worth it

[Gee]

This thread really helped because I had no idea how the Neopets stock market worked.
I bought some stocks, pity it's only 1000 a day. @__@

[Mishelle]

I wish I had made this thread sooner. I just started playing when I got a RE of Nigel telling me to invest in AAVL, so I did. It went up a little bit, then crashed and burned. This is the last time I'm listening to Nigel T__T

[Derriere]

I wish I had made this thread sooner. I just started playing when I got a RE of Nigel telling me to invest in AAVL, so I did. It went up a little bit, then crashed and burned. This is the last time I'm listening to Nigel T__T

lol I swear those RE's give you a random stock.
It's just like an ad to try and get you to play the Stock Market.
It worked on me when I was first starting out also . lol

[Kyle]

My sell number was always 30, but I think I'm gonna go to like 75 since everyone seems to be selling much higher than me

[Mishelle]

lol I swear those RE's give you a random stock.
It's just like an ad to try and get you to play the Stock Market.
It worked on me when I was first starting out also . lol

Lol yeah, I'll just sit on it since it's bound to go up again. The biggest problem I have is finding a stock to invest in, I wish there was at least a way to see the history of the stock like you can in the real world.

[Risey]

Lol yeah, I'll just sit on it since it's bound to go up again. The biggest problem I have is finding a stock to invest in, I wish there was at least a way to see the history of the stock like you can in the real world.

You can see histories of all the stocks at Neodaq. Though it's probably better to invest in as many different stocks as you can, as opposed to just one or a few...you get more out of it, IMO.

[Pyro699]

A lot of people got the main points of the stock market in there, i just thought id contribute my 2 cents

First, here is my "current" stocks:

Ticker   Open  Current  Change  Quantity     Paid  Mkt Value  Change %  Change +/-
                                                                                  
AAVL       14       14       0     2,000   30,000     28,000    -6.67%          -1
EEEEE      14       15      +1     1,000   15,000     15,000     0.00%           0
FAER       18       20      +2     1,000   15,000     20,000   +33.33%          +5
FISH       18       17      -1     1,000   15,000     17,000   +13.33%          +2
HUW        22       18      -4     3,000   45,000     54,000   +20.00%          +3
SMUG       18       19      +1     1,000   15,000     19,000   +26.67%          +4
SWNC       19       19       0     1,000   15,000     19,000   +26.67%          +4
TNPT       19       25      +6     3,000   45,000     75,000   +66.67%         +10
TPEG       17       19      +2     1,000   15,000     19,000   +26.67%          +4
                                                                                  
                        Totals    14,000  210,000    266,000   +26.67%         +31

(Being a programmer has so many advantages, this is output from one of my scripts)

As you can see, every day i go and purchase 1000 shares of a stock that is selling at 15np/share. I follow this rule of thumb though... Do not buy stocks that i do not already have atleast one share of until noon, after that i will buy any share that is selling for 15np/share. (so if DROO was at 15 np and it was only 10AM, i wouldn't buy it... but if it was still 15 np at 12:00 and i hadn't bought any other stocks, i would purchase it then.)

The stock market is a GREAT way of making a lot of neopoints, but there is a major draw back... it take a long time, like several months. On one of my old accounts i had over 50 million into stocks (it was a 9 year old account). Unlike most people, i don't sell at 30, or even 60.. i sell at 90... yeah, i almost never sell my stocks, but when i do find a stock that reaches 90np/share its worth it ^^ it just takes a lot of patience xD

Another strategy is when you reach your "magic selling number" dont sell all of your shares, sell 1/4 or 1/2... sometimes the stocks will continue to raise... i remember a while ago (before KAFU (i think its that one) was 250+) i had 20,000 shares of KAFU and sold them at 45 (before my 90 sell strategy) i still wish that i had kept some and sold them at a higher point... I would have made 4,700,000 so it really is worth it to save some ^^

Anyways, thats what i have to say
~Cody

[flashraven]

I wish I had made this thread sooner. I just started playing when I got a RE of Nigel telling me to invest in AAVL, so I did. It went up a little bit, then crashed and burned. This is the last time I'm listening to Nigel T__T

One important tip is to allow your portfolio to be as diversified as possible. Would you rather invest 10k on just one type of stock and wait 10 years for its value to skyrocket, or invest in ten different stocks and have a higher chance of earning something every other day?

You will need at least 2-3 months to achieve the stage by which your portfolio becomes self sustainable, meaning you will just use your earnings from those stocks which you have sold to pay for the stocks that you are going to buy everyday. In this way you do not have too keep withdrawing NPs from your bank It's because your portfolio is so diversified that you basically earn some quick bucks every other day to pay for new stocks.

And lastly, when it comes to stock market, you won't be rich overnight as it all boils down to luck and patience.

Edited by flashraven, 07 October 2010 - 01:47 PM.

[Mishelle]

Do you have to come on every day to play the stock market? I'm not online a lot so the only thing that sucks about this is that I'm pretty sure I'm going to miss a day and miss my stock going up. How long does it usually take for a stock to change? Like is it every day? Every couple hours? Every couple days? Like should I check my stock once a day, every couple hours?

[ilovepolkadots]

Do you have to come on every day to play the stock market? I'm not online a lot so the only thing that sucks about this is that I'm pretty sure I'm going to miss a day and miss my stock going up. How long does it usually take for a stock to change? Like is it every day? Every couple hours? Every couple days? Like should I check my stock once a day, every couple hours?

to get the best investment it is good to check every day - i have ~10 different stocks
so when one is priced at 15 i buy 1,000 more of that stock
my selling point is at 50 - everyone has their own. so when i log on and i see that my stock is around 30+ i will start checking it every hour that day to see how it progresses and will sell if it goes above or reaches my selling point

(**) sometimes if i have say 7,000 of that particular stock i will sell a handful of the stock at 50 and then wait to see if it will rise to 55 or so just as a gambling point (sometimes it pays off sometimes it doesn't xp)

[flashraven]

Do you have to come on every day to play the stock market? I'm not online a lot so the only thing that sucks about this is that I'm pretty sure I'm going to miss a day and miss my stock going up. How long does it usually take for a stock to change? Like is it every day? Every couple hours? Every couple days? Like should I check my stock once a day, every couple hours?

Once a day, anytime but preferably when the open prices of stocks are is being updated, which is around 12:00 am NST of every day. If none of the stocks are priced at 15-17 NPS, check back some time later during night time!

[Frank274]

http://www.neocodex...._1#entry1090745

That should answer all your questions. PM if you have any more

[Mishelle]

Thank you :]

[sircomflix]

I've made quite a pretty penny just buying 1000 everyday. That's pretty much the hard part to be honest. To be able to have a self-sustaining, perpetuating portfolio, you'll have to find a good selling point such that you don't end up selling everything you have and have to start all over again (which will take months to accumulate again). Instead of making a big buck months from now, hold out and earn even more over a longer period of time.

[flashraven]

I've made quite a pretty penny just buying 1000 everyday. That's pretty much the hard part to be honest. To be able to have a self-sustaining, perpetuating portfolio, you'll have to find a good selling point such that you don't end up selling everything you have and have to start all over again (which will take months to accumulate again). Instead of making a big buck months from now, hold out and earn even more over a longer period of time.

That won't actually happen. My general rule of thumb is to start selling when it surpass 200%. You can wait till it's 1000%. It's up to you but from my experience only 1/10 of stocks that passed 200% managed to go on soaring and achieve crazy value status like kacheek and Mynci Banana stocks. 9/10 of them will just peak at 200~300% and start going back to square one (0%).

Edited by flashraven, 08 October 2010 - 06:54 PM.