1. Know your investment style - Are you bullish or bearish? Watch the video, "Market Mentalities: Bulls Vs. Bears" (from Investopedia.com) and learn which investment style suits you based on your personality.
2. Know how the market is measured - where is the market now?
3. Pick a familiar product, service, sector, industry, or/and company:
· Check the news.
· Find a company by sector/industry that provides a product or service familiar to you.
· Know the stock style to use.
4. Research product, service, sector, industry, and company to see where the market is developing.
5. Know when to buy or sell:
· Have a plan.
· Read the trends.
· Analyze stock charts