Set clear financial goals. Decide if you want short-term gains or long-term growth to guide your stock choices.
Understand your risk tolerance. High-risk stocks offer higher returns, but also greater potential losses.
Diversify your portfolio across sectors. Spreading investments reduces risk and can lead to more stable returns.
Research potential stocks thoroughly. Look into company performance, market trends, and financial health before investing.
Regularly review your portfolio. Stay informed about market changes and adjust your investments as needed.