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Step 1
Keep your eye on the stock price every day. MSNBC has a nice stock page that keeps track of individual companies quite nicely. Yahoo also has a respectable page for money. Make sure you note whether the price of your stock is increasing or decreasing every day.
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Step 2
Once a month, track the performance of the companies that you have invested in. Make sure that you keep monitoring all stock that you have, and even some that you are considering buying. If it comes to a last minute decision, it'd be nice to have some information at hand to help you decide whether or not to purchase, right?
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Step 3
Always remember that diversifying your interests is a good business practice. Don't get too involved in one area of the market. Many people have been burned by this kind of business strategy.
