When to Buy Stocks
I am sure most of you have asked the question, “When do I buy stocks?” There is no easy answer, but a good set of rules is as follows:
- Buy stocks that are $10 or more
- Do not be afraid to buy stocks with new highs
- Buy on pull back days on a monster stock
- Buy when above 50-day moving average
There are more rules than these, but this is a good set of foundations to help you look at why you are buying and when to buy. Make sure your buy is not emotional, make it factual and based on rules you set before you go into buying stocks. A major issue is people do not make rules and stick to them. You must be disciplened when working with the stock market.
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