Sounds like you might be ready to start looking at stocks in the 4c to 30c range.With 12k it can be hard as to get some decent returns, but if you think you are ready and willing to risk some of it then you might want to start doing some research on these priced stocks as they will give more potential.You will have to take risk's to acheive some decent returns.Say for example CVI as i mentioned, it is going through a transition where some good management have come aboard and they have some top project's under way.12k can get you 100,000 shares and each cent gives you $1,000 gain and the same for the sp going down.That's your risk here, basically.I was down to 30k start of the year when i went full time dong this so i had to throw the last roll of the dice so to speak but i used stocks that had potential, were about to become flavour of the month, and had the attention of the market.These two stocks i re-built from were cxm and fwl.On anyone's post on a certain stock your looking at for example ther is a link that takes you to the fact sheet of the company and on the chart at the bottom you can tell if it's about to turn and start going up or you can get a guage on where the stock is in it's cycle.PLus using RSI,MACD,momentum, knowing what each candle means on a candlestick chart can help you define what direction the stock is going.
http://investing.businessweek.com/research/stocks/charts/charts.asp?symbol=CVI.AX
this site i use for free, to use candlestick charts with other indicators and overlays to guage the direction.
in the box where it says stock,fund or ETF(top right) type for example bhp.ax to call up that chart for bhp in australia, in the style column you can pick candlestisk chart.I usually use 3 month chart day on day or you can use weekly guides.
this site
http://money.cnn.com/data/premarket/
will give info from usa on pre-market conditions and all the market info there in usa
i strongly recommend signing up to sanford securities as i have used them for 10 years and always are good, never down and then you can get good info and news.
when you buy is very important with any stock if you get this right 90% of the time you usually get upside within a week or two and can breathe easy, the last thing you want to do is buy in at the wrong time and it goes down then you'll be stuffed even more than now
stocks from late 90's such as ecorp, crown were KP's babies and the market followed that and it pays off
anyway i'll submit this as i can go on for-ever and you might think i'm gone lol
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