QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)

Overbought Stocks (RSI)

This page lists overbought stocks according to their Relative Strength Index (RSI), which is a momentum indicator used in technical analysis. RSI measures the magnitude and speed of a public company's recent price changes to evaluate overvalued or undervalued conditions in the price of that company. Learn more about trading stocks based on RSI.

MarketRank evaluates a company based on community opinion, dividend strength, institutional and insider ownership, earnings and valuation, and analysts forecasts.
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Media sentiment refers to the percentage of positive news stories versus negative news stories a company has received in the past week.
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Analyst consensus is the average investment recommendation among Wall Street research analysts.
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Analyst ConsensusUpgrade to All Access to use the All Ratings Filter
CompanyCurrent PriceRSIPE RatioMarket CapVolumeAverage VolumeIndicator(s)
Natural Resource Partners L.P. stock logo
Natural Resource Partners
93.043.71$636.05 million22,13725,380Ex-Dividend
Analyst Report
News Coverage
TravelCenters of America Inc. stock logo
TravelCenters of America
88.269.03$1.30 billion0334,291
CrossAmerica Partners LP stock logo
CrossAmerica Partners
87.3912.77$702.83 million114,64942,825Analyst Report
Short Interest ↓
High Trading Volume
Intercept Pharmaceuticals, Inc. stock logo
Intercept Pharmaceuticals
86.732.16$565.28 million3.37 million863,236Analyst Downgrade
News Coverage
High Trading Volume
CB Financial Services, Inc. stock logo
CB Financial Services
80.877.85$95.81 million3,2153,984Analyst Report
Gap Up
Diana Shipping Inc. stock logo
Diana Shipping
80.812.71$380.85 million278,550634,468Upcoming Earnings
Short Interest ↓
Auburn National Bancorporation, Inc. stock logo
Auburn National Bancorporation
79.517.48$76.23 million331,343
ZoomInfo Technologies Inc. stock logo
ZoomInfo Technologies
79.4396.24$9.68 billion4.57 million5.09 millionAnalyst Report
Options Volume
Positive News
Happiness Development Group Limited stock logo
Happiness Development Group
79.416.15$20.52 million6,83514,340Gap Down
Holly Energy Partners, L.P. stock logo
Holly Energy Partners
78.539.67$2.13 billion128,450130,582Analyst Report
Positive News
JOYY Inc. stock logo
77.0039.19$2.08 billion455,635597,138Analyst Report
Zymeworks Inc. stock logo
76.973.70$615.39 million593,519648,729Analyst Report
Ziff Davis, Inc. stock logo
Ziff Davis
76.86111.03$3.04 billion362,792316,103
Urstadt Biddle Properties Inc. stock logo
Urstadt Biddle Properties
76.7427.75$774.80 million130,0393,961News Coverage
Gap Up
Trading Halted
High Trading Volume
Optical Cable Co. stock logo
Optical Cable
76.7324.82$33.21 million2,2564,367News Coverage
Gap Down
Rave Restaurant Group, Inc. stock logo
Rave Restaurant Group
76.603.86$24.06 million36,86744,499Analyst Report
Hallador Energy stock logo
Hallador Energy
76.336.23$285.00 million286,605188,816Analyst Report
North European Oil Royalty Trust stock logo
North European Oil Royalty Trust
76.304.21$125.72 million328,607137,470Analyst Report
Positive News
Gap Down
High Trading Volume
John Marshall Bancorp, Inc. stock logo
John Marshall Bancorp
76.298.73$265.36 million16,99919,778Short Interest ↓
Ark Restaurants Corp. stock logo
Ark Restaurants
76.289.30$67.32 million20,5867,494Short Interest ↓
High Trading Volume
Western Midstream Partners, LP stock logo
Western Midstream Partners
76.249.60$10.23 billion763,893926,145Analyst Report
Urban One, Inc. stock logo
Urban One
76.169.45$356.56 million22,19341,253
Liquidity Services, Inc. stock logo
Liquidity Services
76.0815.42$473.09 million137,855178,437Analyst Report
Insider Selling
Steel Connect, Inc. stock logo
Steel Connect
75.961.50$50.18 million48,25481,873
Middlefield Banc Corp. stock logo
Middlefield Banc
74.718.87$183.72 million12,02618,448Analyst Report
News Coverage
First United Co. stock logo
First United
74.673.85$91.45 million6,66710,406Analyst Report
Intrepid Potash, Inc. stock logo
Intrepid Potash
74.575.85$258.86 million148,978192,446Analyst Report
MV Oil Trust stock logo
MV Oil Trust
74.446.01$133.63 million20,10377,096Analyst Downgrade
News Coverage
Positive News
First Capital, Inc. stock logo
First Capital
74.336.17$81.46 million1,0074,793Analyst Report
Fomento Económico Mexicano, S.A.B. de C.V. stock logo
Fomento Económico Mexicano
74.269.80$35.99 billion319,664584,766Analyst Report
Gilat Satellite Networks Ltd. stock logo
Gilat Satellite Networks
73.87141.04$315.88 million82,274118,192
Castor Maritime Inc. stock logo
Castor Maritime
73.520.54$63.68 million249,6771.06 millionUpcoming Earnings
Gap Up
Transcontinental Realty Investors, Inc. stock logo
Transcontinental Realty Investors
73.390.69$312.14 million1,5845,850Analyst Report
Atlanticus Holdings Co. stock logo
72.896.22$443.63 million23,20219,126
Codorus Valley Bancorp, Inc. stock logo
Codorus Valley Bancorp
72.586.87$165.50 million15,13617,638Analyst Report
Globus Maritime Limited stock logo
Globus Maritime
72.520.79$19.24 million38,33471,530
CACI International Inc stock logo
CACI International
72.4319.32$6.91 billion132,339158,653Analyst Report
Puma Biotechnology, Inc. stock logo
Puma Biotechnology
72.3825.09$128.92 million151,340302,328Analyst Upgrade
Royalty Pharma plc stock logo
Royalty Pharma
72.3461.15$20.42 billion2.18 million1.82 millionInsider Buying
Gap Up
First Savings Financial Group, Inc. stock logo
First Savings Financial Group
72.087.46$85.60 million6,9726,993Analyst Report
Gap Down
Entravision Communications Co. stock logo
Entravision Communications
71.7922.19$408.72 million457,590346,141
Citizens Community Bancorp, Inc. stock logo
Citizens Community Bancorp
71.585.05$84.09 million6,4418,740Positive News
Energy Transfer LP stock logo
Energy Transfer
71.589.49$39.96 billion9.98 million12.16 millionInsider Buying
Positive News
Regional Management Corp. stock logo
Regional Management
71.477.86$261.55 million15,98435,054Analyst Report
RCI Hospitality Holdings Inc stock logo
RCI Hospitality
71.3616.64$717.06 million35,19169,298Analyst Report
NuStar Energy L.P. stock logo
NuStar Energy
71.3114.48$1.91 billion378,984336,390
Tradeweb Markets Inc. stock logo
Tradeweb Markets
71.1746.91$16.52 billion684,580853,878
Interlink Electronics, Inc. stock logo
Interlink Electronics
71.04100.00$58.34 million1,4471,666News Coverage
First US Bancshares, Inc. stock logo
First US Bancshares
70.875.80$40.50 million57,8695,339Gap Down
High Trading Volume
Urban One, Inc. stock logo
Urban One
70.617.87$297.05 million16,73227,268
Bogota Financial Corp. stock logo
Bogota Financial
70.4816.92$109.62 million1,4339,870Positive News
Carlyle Secured Lending, Inc. stock logo
Carlyle Secured Lending
70.398.86$679.57 million93,673224,561Positive News
Burlington Stores, Inc. stock logo
Burlington Stores
70.3750.29$11.46 billion1.02 million954,649Upcoming Earnings
Analyst Report
Short Interest ↓
The ONE Group Hospitality, Inc. stock logo
ONE Group Hospitality
70.3320.14$237.51 million188,55791,987Analyst Report
High Trading Volume
Monroe Capital Co. stock logo
Monroe Capital
70.067.20$169.00 million32,48351,422Analyst Report
Analyst Revision
KLX Energy Services Holdings, Inc. stock logo
KLX Energy Services
70.005.07$166.23 million218,215205,185Positive News
Vector Group Ltd. stock logo
Vector Group
69.9311.14$1.77 billion694,158787,866Analyst Report
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. stock logo
Grupo Aeroportuario del Pacífico
69.7420.89$9.37 billion47,94872,951Upcoming Earnings
Analyst Report
OptimumBank Holdings, Inc. stock logo
69.634.19$20.37 million1,7796,582Analyst Report
News Coverage
XPEL, Inc. stock logo
69.5545.75$2.05 billion114,352146,148Insider Selling
Grupo Aeroportuario del Sureste, S. A. B. de C. V. stock logo
Grupo Aeroportuario del Sureste, S. A. B. de C. V.
69.4216.53$8.73 billion34,42863,936Dividend Cut
Analyst Report
Short Interest ↓
Citizens Holding stock logo
69.198.27$71.92 million5793,891
Haverty Furniture Companies, Inc. stock logo
Haverty Furniture Companies
69.125.42$423.94 million66,158141,206Analyst Report
Kirby Co. stock logo
68.9229.97$4.35 billion250,422357,842Analyst Report
Short Interest ↓
Analyst Revision
First Trust Small Cap US Equity Select ETF
68.9011.41$28.34 million4,5695,938
SurgePays, Inc. stock logo
68.7515.51$81.29 million187,133110,510Options Volume
Gap Down
Enterprise Products Partners L.P. stock logo
Enterprise Products Partners
68.3710.27$56.71 billion3.49 million4.61 millionAnalyst Report
BWX Technologies, Inc. stock logo
BWX Technologies
68.2525.30$6.09 billion446,773526,925Analyst Report
Coca-Cola FEMSA, S.A.B. de C.V. stock logo
Coca-Cola FEMSA
68.1718.22$148.76 billion164,046182,502Analyst Report
Dominion Energy, Inc. stock logo
Dominion Energy
67.6936.84$44.04 billion4.85 million4.46 millionAnalyst Report
Takeda Pharmaceutical Company Limited stock logo
Takeda Pharmaceutical
67.5520.86$50.82 billion2.67 million2.60 million
Senstar Technologies Ltd. stock logo
Senstar Technologies
67.398.76$34.54 million32,16115,707Upcoming Earnings
Analyst Upgrade
Gap Down
High Trading Volume
VMware, Inc. stock logo
67.3440.72$53.74 billion1.14 million1.16 millionUpcoming Earnings
Analyst Report
First Trust US Equity Dividend Select ETF
67.1712.43$24.59 million1,3891,944
Danaos Co. stock logo
67.143.38$1.27 billion108,510147,026Dividend Announcement
Analyst Report
News Coverage
Ituran Location and Control Ltd. stock logo
Ituran Location and Control
67.1312.09$516.34 million15,60224,520Upcoming Earnings
Analyst Downgrade
News Coverage
RF Industries, Ltd. stock logo
RF Industries
66.9666.20$40.87 million2,36415,005Analyst Report
Biglari Holdings Inc stock logo
66.967.65$2.09 billion64160Positive News
Magyar Bancorp, Inc. stock logo
Magyar Bancorp
66.908.15$67.03 million3,1284,070
Franklin Covey Co. stock logo
Franklin Covey
66.8327.66$513.28 million41,02680,556Analyst Report
News Coverage
Utah Medical Products, Inc. stock logo
Utah Medical Products
66.8119.90$340.20 million3,0758,665Analyst Report
News Coverage
Turkcell Iletisim Hizmetleri A.S. stock logo
Turkcell Iletisim Hizmetleri A.S.
66.674.99$3.56 billion127,675370,146
Costamare Inc. stock logo
66.621.92$1.06 billion429,814607,042Analyst Report
Sunoco LP stock logo
66.4811.70$4.44 billion141,527222,267Analyst Report
PrimeEnergy Resources Co. stock logo
PrimeEnergy Resources
66.414.68$157.08 million2,3656,915Upcoming Earnings
News Coverage
Credicorp Ltd. stock logo
66.338.45$10.25 billion249,289404,333Analyst Report
Gap Down
Mammoth Energy Services, Inc. stock logo
Mammoth Energy Services
66.138.26$185.12 million102,568205,206
Global Self Storage, Inc. stock logo
Global Self Storage
66.0720.36$56.70 million5,75325,849
Profire Energy, Inc. stock logo
Profire Energy
65.9911.42$64.87 million70,19971,036Analyst Report
Positive News
Alpha Metallurgical Resources, Inc. stock logo
Alpha Metallurgical Resources
65.791.94$2.09 billion396,610265,737
Star Bulk Carriers Corp. stock logo
Star Bulk Carriers
65.713.43$1.95 billion1.13 million1.35 millionDividend Cut
Analyst Report
News Coverage
ARC Document Solutions, Inc. stock logo
ARC Document Solutions
65.3711.39$129.17 million101,159176,949Analyst Report
Security National Financial Co. stock logo
Security National Financial
65.216.67$156.24 million30,82016,472Analyst Report
News Coverage
Hostess Brands, Inc. stock logo
Hostess Brands
65.1621.43$3.49 billion783,164861,207Analyst Report
ONEOK, Inc. stock logo
64.7911.02$26.12 billion4.89 million2.72 millionAnalyst Report
Options Volume
Jiayin Group Inc. stock logo
Jiayin Group
64.751.61$278.37 million99,148120,661
J.Jill, Inc. stock logo
64.687.42$230.69 million49,19549,872Short Interest ↓
Dropbox, Inc. stock logo
64.6014.75$8.08 billion2.73 million3.24 million
PCTEL, Inc. stock logo
64.4815.77$93.32 million17,58445,709Analyst Report
California Resources Co. stock logo
California Resources
64.473.02$2.81 billion308,170731,241Analyst Report
Short Interest ↓

Overbought Stocks Explained: Should You Trade Them?

Overbought stocks refer to the actual value of a company or an asset compared to its market value; they are those that trade at a price above their intrinsic or fair value. It's typically expected that the market will correct and they will move lower. On the opposite end of the spectrum, oversold stocks trade below their true value and should rise higher. 

In some situations, stocks, exchange-traded funds (ETFs), options, forex and commodities can stay overbought or oversold for a while prior to a reversal. 

In this article, we'll take a look at overbought stocks and analyze the environment for overbought stocks. We'll also explore why or why not overbought stocks may make a good investment. We'll also help you analyze several examples of overbought stocks as well.

There's a lot to learn about overbought stocks, so let's get going. By the time you're done reading, you'll have a better idea of how to handle overbought stocks and whether you should attempt to trade them yourself.

As mentioned before, overbought stocks are those that trade at a level above fair value. When a stock becomes overbought, it's heading for a retreat — they tend to rubber band back after they get too far away from their longer term trend line. Recent or short-term movement in the price of the security shows that it's likely that the price will correct in the future. You can use different forms of analysis to learn estimates of a stock’s value.

When you engage in technical analysis, it involves identifying trends and patterns through charts in order to evaluate investments and trading opportunities. Overbought stocks can be fundamentally overbought or technically overbought. You can identify technically overbought stocks based on price action and historical data rather than fundamental analysis. Fundamentally overbought stocks can be identified based on the company's financial statements. 

How can you tell if a particular stock is overbought? 

You can use the Relative Strength Index (RSI), one of the most common ways to measure price momentum. The RSI is a momentum oscillator which measures the speed and change of price movements. The RSI ranges from zero to 100 and you can determine whether a stock is either overbought or oversold by charting the ratio of these higher closes to show you the velocity of the move. 

When the RSI becomes overbought, the price rises too high too quickly, which usually leads to a downside correction. On the flip side, when it becomes oversold, the price drops too low too quickly and you'll see an increase going the other direction. You can consider the RSI extremely overbought when it has a value above 80. 

Let's take a look at a few ways you can identify overbought stocks, including using Bollinger Bands, the stochastic oscillator, the price-to-earnings (P/E) ratio, Fibonacci retracement levels and Moving Average Convergence/Divergence (MACD) oscillator:

  • Bollinger Bands: Bollinger Bands are a popular trading tool that define upper and lower price range levels. They're used in pairs (both upper and lower bands) relative to a moving average.
  • The stochastic oscillator: The stochastic oscillator, also called the scholastic indicator, is a popular technical analysis tool that shows momentum. It compares the security of a closing price to a range of prices over a certain time period. The stochastic oscillator measures from zero to 100 in bands.
  • The price-to-earnings (P/E) ratio: The P/E ratio shows how much a company is worth. You can calculate it by checking into the stock price divided by the company's earnings per share over a period of time, such as the past 12 months. 
  • Fibonacci retracement levels: Fibonacci retracement levels take an extreme high and low on a stock chart and divide the distance between the two using certain Fibonacci ratios (23.6%, 38.2%, 50%, 61.8% and 100%). Horizontal lines on a chart indicate potential areas of support and resistance.
  • Moving Average Convergence/Divergence (MACD) oscillator: The MACD shows how two exponential moving averages (EMAs) are related, particularly the 26-day moving average and the 12-day moving average. As a trader, you subtract the longer average from the shorter average to show the trend of the price action for the underlying security as well as the buying and selling momentum. Traders can look for signal line crossovers, centerline crossovers and divergences between the MACD line to understand when to buy and when to sell.

Ultimately, a stochastic value of 80 or above indicates an extremely overbought stock, while values of 20 or lower indicate that a stock is oversold. If you're debating whether or not to take action on a stock, it's a good idea to take a look at all these indicators to find out whether a stock is overbought.

An overbought stock doesn't trade at its true worth. Instead, it's trading over what it should. When a stock price rises too far (at a pace that is too fast and starts to look expensive to just about any trader) it is considered overbought. However, this means that the stock is doing something right in order to grab this much attention.

Good news can trigger buying interest through resistance which means that it will trigger an upswing in the stock. However, if news has been anticipated, the release could trigger profit taking. Ultimately, it's important to remember that the stock may not necessarily decline.

Traders should look for RSI values around 30 or which fall below that level, which indicates a level that is undervalued. It may be hard to get your head wrapped around a high RSI (strong short term momentum) because they are rising and may seem overpriced — you likely want completely undervalued stocks, right? However, a high RSI indicates that investors have continued to buy and that the rise will continue going up.

Let's take a look at a couple of overbought stocks as examples to help you decide whether certain overbought stocks deserve a spot in your portfolio. 

Natural Resource Partners L.P., headquartered in Houston, owns, manages and leases mineral properties in the United States through its two segments, Mineral Rights and Soda Ash. The company owns interests in the following: 

  • Coal (the company's coal reserves are located in Appalachia, the Illinois Basin and the Northern Powder River Basin)
  • Soda ash (the company's soda ash refinery is located in the Green River Basin, Wyoming)
  • Trona ore (the company's trona ore mining operation is located in the Green River Basin, Wyoming)
  • Other natural resources

The company's oil and gas properties are located in Louisiana while timber assets are located in West Virginia. The company leases a portion of its reserves in exchange for royalty payments. Plus, it owns and leases transportation and processing infrastructure related to coal properties. 

TravelCenters of America Inc. operates travel centers, truck service facilities, and restaurants in the United States and Canada. TravelCenters of America Inc. offers the following products and services:

Diesel fuel and gasoline as well as non fuel products and services — these non fuel products and services include truck repair and maintenance services, diesel exhaust fluids, full service restaurants, quick service restaurants as well as other customer amenities.

It has several full and quick service restaurants, such as:

  • Iron Skillet
  • Country Pride
  • IHOP
  • Black Bear Diner
  • Fuddruckers
  • Bob Evans
  • Popeye's Chicken & Biscuits
  • Subway
  • Burger King
  • Taco Bell
  • Pizza Hut
  • Dunkin' Donuts 
  • Starbucks Coffee

The company's travel stores also offer general merchandise such as the following:

  • Electronics
  • Oil and additives
  • Hardware and tools
  • Clothing
  • Cab and bunk supplies
  • Convenience products (cold beverages, candy, salty snacks, sweet treats, grocery items, meal solutions, pet supplies, health and beauty products, fresh food, pre-packaged meal solutions, snacks, freshly brewed coffee, cold fountain drinks and gifts and regional souvenirs) 

The company operated 276 travel centers under the TravelCenters of America, TA, TA Express, Petro Stopping Centers and Petro brand names in 44 states as well as in the province of Ontario, Canada. It also has three truck service facilities operated under the TA Truck Service brand name and one restaurant. It serves trucking fleets and its drivers, independent truck drivers, highway and local motorists and casual diners. 

If you think you might want to invest in overbought stocks, what is the correct approach? Let's take a look at how to analyze, open a brokerage account and buy shares.

As already mentioned, you can use a wide variety of trading tips to identify overbought stocks. You can use the stochastic oscillator to take a look at recent price movements and learn about a stock’s momentum and pricing trend. The stochastic oscillator laid the yellow brick road for the RSI, which you can figure using this formula:

RSI = 100−100/(1+RS)RSI = 100−100/(1+RS)

In all of your calculations, do you see a high RSI (above 70)? If so, it immediately tells you that a stock is overbought and it can also help you anticipate market corrections in the stock in the short term. You may also prefer to use  Bollinger Bands against the RSI. 

Are you identifying a stock with a high RSI and a price that goes toward the high end of an upper Bollinger Band? You can consider that particular stock to be overbought.

Do you have a trading account? If you don't already have a trading account, choose the right option for you and fund your account. Take a look at the fees involved, the platform that the robo-advisor uses (if you choose to go that route) and other things that you believe you need in order to successfully invest. 

Once you've set up your trading account, consider using paper trading before you start officially trading. Paper trading allows you to practice using a fake account with fake money. If you've never traded before, you may want to spend a chunk of time learning how to trade on a paper trading account before you officially get started.

Once you're ready to start trading, choose the right stocks that you believe will meet your goals based on the RSI, Bollinger Bands, the stochastic oscillator, the price-to-earnings (P/E) ratio, Fibonacci retracement levels and Moving Average Convergence/Divergence (MACD) oscillator — whatever you choose to use. Also think long and hard about how much money you can afford to lose when trading. Never trade more than you can afford to lose on a one-time or regular basis. Knowing the risks of trading ahead of time can help you reach your full trading potential. 

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