Im 16 and im wondering how i can be a great, or at least better then most at investing. I tend to chase past gains (currently in EEB, EWZ and WBD). I know diversification is good but i like taking risks, especially because im kinda young. I want to know how to find great stocks before it happens. How do investors do it? I know its not easy.
Basically is what im asking is, how can i become a better investor?
AS you know you been following investments based on the past. You should get an idea of how the pro's do, it there's a whole commentary section in MSN Money, you would get great benefit from it.
There are some books out there that will help you,
What Works on Wall Street by James O'Shaunessey
Beating the Street by Peter Lynch
One Up on Wall Street by Peter Lynch
How to Make Money in Stocks” by William O’Neil
There are many "screens" out there that will help you select good sound investments, try visiting MSN Money (investing, stocks for the screens) http://moneycentral.msn.com/investor/finder/customstocks.asp
Visit some other websites
http://moneycentral.msn.com/home.asp
http://www.zacks.com/
http://screen.morningstar.com/StockResults.html
http://www.investors.com/?tn=top
http://investorshub.advfn.com/default.aspx
http://www.thestreet.com
http://www.brokerage101.com/
http://www.1source4stocks.com/
http://www.decisionpoint.com/TAcourse/TACourseMenu.html
http://www.grahaminvestor.com/
http://www.morningstar.com/
http://www.dividenddetective.com/
For frequent or even dailey reading, you should like into the Investors Business Dailey, you can check out their website at
http://www.investors.com/?tn=top
Good luck, study well and you'll invest evern better