London, UK, 5th Feb 2022, ZEXPRWIRE, Stock trading is a risky business. But if you are lucky, it can also be a source of additional income. If you have some knowledge about the market and want to speed up your path to success, then you can try your hand at trading on the stock market. Stock trading is not foolproof, and success does not come easy, but it can be worth it if you know what you are doing. Even though traders face many obstacles, including scam artists, new laws and regulations and, of course, the ever-changing market conditions, it still remains a popular way to make an income.
Here are some tips for those thinking of getting started with the stock trading as a source of income:
- Start small – Just like anything else, it is best to start small until you get the hang of things. You can do this by opening up a practice account that lets you trade with virtual money.
- Stay up-to-date – Make sure that the market is not too volatile before risking real money because this could result in some monumental losses.
- Plan ahead – Keep a calendar and place all your trades, so you can see how accurate you were with your predictions. Then at the end of every month, average out your profits/losses to get an overall score.
- Be hands-on – The more that you learn about the industry and the companies, the better prepared you will be. This way, you can make sure not to invest in a company that is going downhill or avoid buying stock from a company with negative numbers.
With the help of Capital Maximus expert analyst, we have picked some stocks for you that have significant growth potential in the short term. Before we start with the other part of the article, let us share what he suggested. He says, “If you want to try your luck at stock trading, a critical first step is getting a separate self-directed brokerage account with a discount broker.”
So without further ado, here is a list of stocks that you can buy for the short term.
Upstart Holdings Inc., a cloud-based artificial intelligence (AI) lending platform based in San Mateo, California, collects consumer demand for loans and connects it to the network of the firm’s AI bank partners. Consumers, banks, and big investors can all use the same lending platform thanks to this technology.
Digital Ally is engaged in the design, manufacture and marketing of wearable technology products for law enforcement, security and commercial markets. The company offers body camera devices that capture video evidence that may be used as an alternative to in-car cameras or as a supplement to body-worn cameras (BWC) by officers. The company’s products are offered through distributors, resellers and retailers in the United States, Canada, Europe, Asia and Latin America.
Cogint provides marketing and business solutions to consumer packaged goods companies. The company’s two main areas of focus are media measurement analytics for multi-screen digital media campaigns and targeted audiences across television, online video, print, out of home (OOH), radio, mobile devices and social networks; and enhanced data management, secure data transfer, and linkable attribution for client brands. Cogint has developed a platform that combines digital marketing capabilities with traditional media to enable marketers to create more impactful campaigns for their products across TV, online video, print, out of home (OOH), radio, mobile devices and social networks.
LendingRobot provides intelligent, cloud-based software that uses big data technology to autonomously manage personal peer-to-peer loans. LendingRobot’s platform enables consumers to invest in peer-to-peer loans across multiple platforms simultaneously. The company’s technology platform is agnostic with respect to the different marketplaces operating in the space.
SRAX is a digital marketing company. The company has developed BIGtoken, a patent-pending artificial intelligence platform that matches consumer behaviour and preferences from their internet browsing and social media activities to the right brands, resulting in instant rewards for consumers. It also enables digital marketers to identify audiences, acquire customers and measure and manage their digital performance using its attribution engine. The company provides advertisers with a solution to access, target, engage and measure online audiences.
Soliton Technologies designs, develop and manufacture Dynamic Digital Depth (DDD) technology for the automotive electronics market. DDD is a three-dimensional imaging technology that allows the creation of different focal planes inside the car. It is a natural next step from virtual reality and enhances vehicle navigation, provides warnings to alert drivers of an impending collision or other hazards, as well as assists with driver monitoring. The Company’s DDD solution can be ported into any automobile electronic system from the head unit through infotainment to the instrument cluster and safety systems.
Capital Maximus expert said that it is important to be selective and choose a stock that you believe will go up in value. The company should provide some future value to their investors, and it can be judged by its growth potential.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.