Listen for News
In addition to all the other monitoring techniques we've discussed, keep an eye out for major news stories about companies whose stock you own. Things to watch for include merger rumors or announcements, changes in management, new-product development, or strategic shifts. All may affect a company's prospects.
The bottom line is that monitoring the stocks in your portfolio is just as important as choosing the stocks in the first place. With Scottrade, you can monitor your portfolio with email alerts for news (such as a dividend or earnings announcement), through watch lists, from the Quotes & Research tab of your account and with Scottrade Portfolio Review Tool.
Read Next: Putting it All Together
The analytical tools described in this article are for information purposes only and their use does not guarantee a profit. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security. Investors should fully research any security before making an investment decision.