Stock Market Tips[]
The Neopian Stock Market, much like its real-world version can be a very lucrative place to get NP. Knowing the best approach to making investments and knowing when to sell are important to making money from your shares. Though there is no guarenteed way to make money from your stocks, the following guide should help.
1. Buy Low
One of the most important tips for the Neopian Stock Market is to buy low. Currently the lowest price you can pay for shares is 15 NP per share. With this in mind it is our strong recommendation that you only buy shares that have a currrent share price of 15 NP. It is generally inadvisable to by shares that cost more than 20 NP per share.
2. Buy In Bulk
You are only permitted to purchase 1,000 shares per day and we urge you to make use of this limit. It is advisable that you try to buy 1,000 of the same share in one go (15,000 NP total if you use tip 1) so that you can make the maximum profit on a sale.
3. Patience
This is perhaps the most important tip you can be given in regards to the Stock Market. Remember, your stock's price may lower as well as rise so you'll need to be patient before deciding to sell. NEVER sell for less than you bought for, this is a waste of NP and there is the chance that your stock prices could recover.
4. Set A Target
If you're unsure of when to sell your stock, simply set yourself a target (ie. I'll sell my stock once it reaches a valus of 20 NP per share or more.) This way you can never worry about selling to early because you'll have stuck to your own target.