So this would be my first time entering into this. So can you tell me layman term's of how the stock process works?
I think i'm gonna do the CGC(Canopy Growth) because of the recent thread in here I saw about Canada's marijuana stocks.
This is what it says now, can you explain this?
$52.55 (price at close of market)
+$2.72(5.46%) Today (how much it gained today during market hours in dollar amount and percentage)
+$0.05(0.10%) After Hours (how much it gained in after hours market trading)
Analyst Ratings: (these are analyst recommendations)
75% Buy
12% hold
12% sell
Can you let me know an estimate on the return of investment i would get for investing a small amount on this? Like say $5 to $20? (You can only purchase one or more full shares)
My answers are in the parentheses.
Stock trading is not an exact science. There are many strategies and some people create their own.
No one can guarantee which stock will increase or decrease and when. You may buy something today and tomorrow it drops 15% . Thankfully there are some knowledgeable traders on this board whose picks have worked out.
It is important to research the companies you trade and check their financials. As well as news and what it’s overall sector is like.
We have to make the best decision based on the info you have. Plus you have to manage your self psychology as well.
You’re not going to learn everything about trading stocks from a few posts. I’d recommend reading some investor materials. I learned how to trade stocks in high school back in the day. We had a work book that taught us how to read annual reports, balance sheets, calculating PE ratios, rule of 72, etc.
Nothing wrong with studying a bit before investing actual capital.