By
eHow Personal Finance Editor
Difficulty: Moderately Easy
Things You’ll Need:
Step1
Monitor your stocks' prices on a daily basis, noting whether prices are heading up, down or fluctuating. Find your stocks in the newspaper or on the Internet.
Step2
Track performance by reading monthly statements from your broker. Use the Internet for up-to-the-minute tracking when needed. (You can create a portfolio of stocks on your personalized home page.)
Step3
Closely monitor each stock you are interested in (not just those you own, but those you might buy). Monitoring can help you make an immediate decision on whether to buy, sell or hold.
Step4
Add to stocks you like or those that are growing nicely when you have additional income to invest. Remember to diversify your investments.
Step5
Contact your broker by phone or the Internet to buy or sell a stock.
Step6
Specify the action you want to take and at what price you want to take it. Your broker will do the rest and provide you with a confirmation of your transaction when your order is executed.