beginners advice, page-34

You might consider:
1. spread the risk by investing into some quality stocks (say 70%) and highly speculative stocks (ie.30%). Do not put your eggs into one basket. It is too risky, even Lehman Brothers went into bankruptcy, CitiBank share price dropped from $50 to under $1.

2. Cash is king. to evaluate a stock, cash position is important, it would be a going concern issue.

3. Never catch a falling knife, it is very dangerous. ie, AXM, NMS, CRE. You never know what bottom would be.

4. Have to do a lot of research before you invest in a stock. There would be a high possibility that share price will go up if they will announce a positive announcement (ie. had already announced some positive essay results).

Anyway, daytrade is similar to gambling, but you may increase the chance if you do a bit more research.